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Revenues
6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
The majority of our revenues are derived from the sale of crude oil and condensate, NGLs and natural gas under spot and term agreements with our customers in the United States and various international locations.
The following tables present our revenues from contracts with customers disaggregated by product type and geographic areas.
United States
 
Three Months Ended June 30, 2019
(In millions)
Eagle Ford
 
Bakken
 
Oklahoma
 
Northern Delaware
 
Other U.S.
 
Total
Crude oil and condensate
$
350

 
$
453

 
$
111

 
$
77

 
$
30

 
$
1,021

Natural gas liquids
30

 
15

 
31

 
7

 
1

 
84

Natural gas
32

 
6

 
36

 
1

 
4

 
79

Other
1

 

 

 

 
15

 
16

Revenues from contracts with customers
$
413

 
$
474

 
$
178

 
$
85

 
$
50

 
$
1,200

 
Three Months Ended June 30, 2018
(In millions)
Eagle Ford
 
Bakken
 
Oklahoma
 
Northern Delaware
 
Other U.S.
 
Total
Crude oil and condensate
$
394

 
$
405

 
$
111

 
$
59

 
$
44

 
$
1,013

Natural gas liquids
45

 
17

 
45

 
6

 
2

 
115

Natural gas
33

 
8

 
38

 
2

 
5

 
86

Other
1

 

 

 

 
6

 
7

Revenues from contracts with customers
$
473

 
$
430

 
$
194

 
$
67

 
$
57

 
$
1,221

 
Six Months Ended June 30, 2019
(In millions)
Eagle Ford
 
Bakken
 
Oklahoma
 
Northern Delaware
 
Other U.S.
 
Total
Crude oil and condensate
$
668

 
$
825

 
$
188

 
$
141

 
$
58

 
$
1,880

Natural gas liquids
65

 
25

 
53

 
15

 
3

 
161

Natural gas
66

 
18

 
81

 
7

 
10

 
182

Other
3

 

 

 

 
36

 
39

Revenues from contracts with customers
$
802

 
$
868

 
$
322

 
$
163

 
$
107

 
$
2,262

 
Six Months Ended June 30, 2018
(In millions)
Eagle Ford
 
Bakken
 
Oklahoma
 
Northern Delaware
 
Other U.S.
 
Total
Crude oil and condensate
$
760

 
$
735

 
$
226

 
$
114

 
$
97

 
$
1,932

Natural gas liquids
87

 
32

 
82

 
12

 
5

 
218

Natural gas
66

 
18

 
81

 
7

 
12

 
184

Other
3

 

 

 

 
9

 
12

Revenues from contracts with customers
$
916

 
$
785

 
$
389

 
$
133

 
$
123

 
$
2,346

International
 
Three Months Ended June 30, 2019
(In millions)
E.G.
 
U.K.
 
Other International
 
Total
Crude oil and condensate
$
101

 
$
51

 
$
9

 
$
161

Natural gas liquids
1

 

 

 
1

Natural gas
9

 
4

 

 
13

Other

 
6

 

 
6

Revenues from contracts with customers
$
111

 
$
61

 
$
9

 
$
181

 
Three Months Ended June 30, 2018
(In millions)
E.G.
 
U.K.
 
Other International
 
Total
Crude oil and condensate
$
100

 
$
71

 
$
22

 
$
193

Natural gas liquids
1

 
3

 

 
4

Natural gas
10

 
12

 

 
22

Other

 
7

 

 
7

Revenues from contracts with customers
$
111

 
$
93

 
$
22

 
$
226

 
Six Months Ended June 30, 2019
(In millions)
E.G.
 
U.K.
 
Other International
 
Total
Crude oil and condensate
$
148

 
$
107

 
$
19

 
$
274

Natural gas liquids
2

 
1

 

 
3

Natural gas
16

 
12

 

 
28

Other

 
14

 

 
14

Revenues from contracts with customers
$
166

 
$
134

 
$
19

 
$
319

 
Six Months Ended June 30, 2018
(In millions)
E.G.
 
U.K.
 
Libya
 
Other International
 
Total
Crude oil and condensate
$
171

 
$
166

 
$
187

 
$
45

 
$
569

Natural gas liquids
2

 
3

 

 

 
5

Natural gas
19

 
20

 
9

 

 
48

Other

 
16

 

 

 
16

Revenues from contracts with customers
$
192

 
$
205

 
$
196

 
$
45

 
$
638


Contract receivables and liabilities
The following table provides information about receivables and contract assets (liabilities) from contracts with customers.
(In millions)
June 30, 2019
January 1, 2019
Receivables from contracts with customers, included in receivables, less reserves
$
797

$
714

Contract asset (liability)
$
21

$
(1
)

The contract liability primarily relates to the advance consideration received from customers for crude oil sales and processing services in the U.K. A contract asset would represent crude oil delivered in the U.K. to a customer for which payment will be collected over time as it becomes due under the pricing terms stipulated in the sales agreement. As a practical expedient, when the balance of this U.K. customer is a contract asset, we do not adjust revenue for the effects of a significant financing element as the period between when crude oil is delivered to the customer and when payment is expected to be received is one year or less at contract inception.
Changes in the contract asset (liability) balance during the period are as follows.
 
Six Months Ended
(In millions)
June 30, 2019
Contract asset (liability) balance as of January 1, 2019
$
(1
)
Revenue recognized as performance obligations are satisfied
74

Amounts invoiced to customers
(52
)
Contract asset (liability) balance as of June 30, 2019
$
21