Transactions with Related Parties
 12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Transactions with Related Parties
Note 12—Transactions with Related Parties
Riverstone and its affiliates beneficially own more than 10% equity interest in the Company and are therefore considered related parties. The Company obtains services related to its drilling and completion activities as well as gas marketing and processing from affiliates of Riverstone from time to time. The Company believes that the terms of these arrangements are no less favorable to either party than those held with unaffiliated parties. The following table summarizes the costs incurred and revenues recognized from such arrangements as presented in the Consolidated Statements of Operations for the periods indicated, as well as the related net receivables or payables outstanding as of the balance sheet dates:
 
Year Ended December 31,
(in thousands)
2019
 
2018
 
2017
Lucid Energy Delaware, LLC (“Lucid”)
 
 
 
 
 
Oil and gas sales
$
3,559

 
$
3,946

 
$
—

Gathering, processing and transportation expenses
2,642

 
792

 
—

Liberty Oilfield Services, LLC
 
 
 
 
 
Cost of goods/services provided(1)
$
—

 
$
—

 
$
72,551

 
(1) The costs incurred for such drilling and completion activities are either included in natural gas properties in the Consolidated Balance Sheet or as lease operating expense in the Consolidated Statements of Operations.
(in thousands)
December 31, 2019
 
December 31, 2018
Accounts receivable, net(1)
$
91

 
$
325

 
(1) The receivables relate to amounts due from Lucid and are presented net of unpaid processing fees incurred as of the indicated period end date.