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REVENUE RECOGNITION
 6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Revenues from Contracts with Customers
Natural gas and liquids.  Natural gas, oil and NGL sales are recognized when control of the product is transferred to the customer at a designated delivery point.  The pricing provisions of the Company’s contracts are primarily tied to a market index with certain adjustments based on factors such as delivery, quality of the product and prevailing supply and demand conditions in the geographic areas in which the Company operates.  Under the Company’s sales contracts, the delivery of each unit of natural gas, oil and NGLs represents a separate performance obligation, and revenue is recognized at the point in time when the performance obligations are fulfilled.  There is no significant financing component to the Company’s revenues as payment terms are typically within 30 to 60 days of control transfer.  Furthermore, consideration from a customer corresponds directly with the value to the customer of the Company’s performance completed to date.  As a result, the Company recognizes revenue in the amount for which the Company has a right to invoice and has not disclosed information regarding its remaining performance obligations.
The Company records revenue from its natural gas and liquids production in the amount of its net revenue interest in sales from its properties. Accordingly, natural gas and liquid sales are not recognized for deliveries in excess of the Company’s net revenue interest, while natural gas and liquid sales are recognized for any under-delivered volumes.  Production imbalances are generally recorded as receivables and payables and not contract assets or contract liabilities as the imbalances are between the Company and other working interest owners, not the end customer.
Marketing.  The Company, through its marketing affiliate, markets natural gas, oil and NGLs for its affiliated E&P company as well as other joint interest owners that choose to market with the Company.  In addition, the Company markets some products purchased from third parties.  Marketing revenues for natural gas, oil and NGL sales are recognized when control of the product is transferred to the customer at a designated delivery point.  The pricing provisions of the Company’s contracts are primarily tied to market indices with certain adjustments based on factors such as delivery, quality of the product and prevailing supply and demand conditions.  Under the Company’s marketing contracts, the delivery of each unit of natural gas, oil and NGLs represents a separate performance obligation, and revenue is recognized at the point in time when the
performance obligations are fulfilled.  Customers are invoiced and revenues are recorded each month as natural gas, oil and NGLs are delivered, and payment terms are typically within 30 to 60 days of control transfer.  Furthermore, consideration from a customer corresponds directly with the value to the customer of the Company’s performance completed to date.  As a result, the Company recognizes revenue in the amount for which the Company has a right to invoice and has not disclosed information regarding its remaining performance obligations.
Disaggregation of Revenues
The Company presents a disaggregation of E&P revenues by product on the consolidated statements of operations net of intersegment revenues.  The following table reconciles operating revenues as presented on the consolidated statements of operations to the operating revenues by segment:
(in millions)E&PMarketingIntersegment
Revenues		Total
Three months ended June 30, 2021
Gas sales$421 $— $12 $433 
Oil sales105 — 1 106 
NGL sales178 — 1 179 
Marketing— 983 (651)332 
Total$704 $983 $(637)$1,050 
Three months ended June 30, 2020
Gas sales$155 $— $9 $164 
Oil sales16 — 3 19 
NGL sales40 — — 40 
Marketing— 389 (202)187 
Total$211 $389 $(190)$410 
(in millions)E&PMarketingIntersegment
Revenues		Total
Six months ended June 30, 2021
Gas sales$872 $— $25 $897 
Oil sales185 — 2 187 
NGL sales351 — 1 352 
Marketing— 1,979 (1,295)684 
Other (1)
1 1 — 2 
Total$1,409 $1,980 $(1,267)$2,122 
Six months ended June 30, 2020
Gas sales$394 $— $18 $412 
Oil sales68 — 3 71 
NGL sales90 — — 90 
Marketing— 937 (511)426 
Other (2)
3 — — 3 
Total$555 $937 $(490)$1,002 
(1)For the six months ended June 30, 2021, other E&P revenues consists primarily of gains on purchaser imbalances associated with certain NGLs and other Marketing revenues consists primarily of sales of gas from storage.
(2)For the six months ended June 30, 2020, other E&P revenues consists primarily of gains on purchaser imbalances associated with certain NGLs.
Associated E&P revenues are also disaggregated for analysis on a geographic basis by the core areas in which the Company operates, which are in Pennsylvania, West Virginia and Ohio.
For the three months
ended June 30,		For the six months
ended June 30,
(in millions)2021202020212020
Northeast Appalachia$230 $117 $493 $312 
Southwest Appalachia474 94 915 243 
Other— — 1 — 
Total$704 $211 $1,409 $555 
Receivables from Contracts with Customers
The following table reconciles the Company’s receivables from contracts with customers to consolidated accounts receivable as presented on the consolidated balance sheet:
(in millions)June 30, 2021December 31, 2020
Receivables from contracts with customers$391 $350 
Other accounts receivable17 18 
Total accounts receivable$408 $368 
Amounts recognized against the Company’s allowance for doubtful accounts related to receivables arising from contracts with customers were immaterial for the three and six months ended June 30, 2021 and 2020.  The Company has no contract assets or contract liabilities associated with its revenues from contracts with customers.