Revenue

6 Months Ended

Jun. 30, 2022

Revenue

Revenue

(4) Revenue

(a) Disaggregation of Revenue

The table set forth below presents revenue disaggregated by type and reportable segment to which it relates (in thousands). See Note 16—Reportable Segments to the unaudited condensed financial statements for more information on reportable segments.

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2022		2021		2022		Reportable Segment
Revenues from contracts with customers:
Natural gas sales	$	626,520		1,558,994		1,346,889		2,554,786	Exploration and production
Natural gas liquids sales (ethane)		43,417		90,230		79,527		157,293	Exploration and production
Natural gas liquids sales (C3+ NGLs)		420,964		612,158		825,173		1,205,400	Exploration and production
Oil sales		51,906		89,185		96,592		152,479	Exploration and production
Marketing		165,453		106,150		330,243		175,188	Marketing
Total revenue from contracts with customers		1,308,260		2,456,717		2,678,424		4,245,146
Loss from derivatives, deferred revenue and other sources, net		(821,180)		(255,032)		(987,146)		(1,256,621)
Total revenue	$	487,080		2,201,685		1,691,278		2,988,525

(b) Transaction Price Allocated to Remaining Performance Obligations

For the Company’s product sales that have a contract term greater than one year, the Company utilized the practical expedient in ASC 606, Revenue from Contracts with Customers (“ASC 606”), which does not require the disclosure of the transaction price allocated to remaining performance obligations if the variable consideration is allocated entirely to a wholly unsatisfied performance obligation. Under the Company’s product sales contracts, each unit of product delivered to the customer represents a separate performance obligation; therefore, future volumes are wholly unsatisfied and disclosure of the transaction price allocated to remaining performance obligations is not required. For the Company’s product sales that have a contract term of one year or less, the Company utilized the practical expedient in ASC 606, which does not require the disclosure of the transaction price allocated to remaining performance obligations if the performance obligation is part of a contract that has an original expected duration of one year or less.

(c) Contract Balances

Under the Company’s sales contracts, the Company invoices customers after its performance obligations have been satisfied, at which point payment is unconditional. Accordingly, the Company’s contracts do not give rise to contract assets or liabilities. As of December 31, 2021 and June 30, 2022, the Company’s receivables from contracts with customers were $591 million and $952 million, respectively.