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REVENUE RECOGNITION
 6 Months Ended
Jun. 30, 2023
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.
Marketing.  The Company, through its marketing affiliate, generally markets natural gas, oil and NGLs for its affiliated E&P companies as well as other joint owners who 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, 2023
Gas sales$535 $— $16 $551 
Oil sales91 — 1 92 
NGL sales153 — — 153 
Marketing— 1,231 (756)475 
Other (1)
(2)— — (2)
Total$777 $1,231 $(739)$1,269 
(in millions)
Three months ended June 30, 2022
Gas sales$2,485 $— $— $2,485 
Oil sales136 — 2 138 
NGL sales310 — — 310 
Marketing— 4,023 (2,816)1,207 
Other (1)
(2)— — (2)
Total$2,929 $4,023 $(2,814)$4,138 
(in millions)E&PMarketingIntersegment
Revenues		Total
Six months ended June 30, 2023
Gas sales$1,671 $— $25 $1,696 
Oil sales185 — 2 187 
NGL sales354 — — 354 
Marketing— 3,272 (2,118)1,154 
Other (1)
(4)— — (4)
Total$2,206 $3,272 $(2,091)$3,387 
(in millions)
Six months ended June 30, 2022
Gas sales$4,175 $— $2 $4,177 
Oil sales246 — 3 249 
NGL sales582 — — 582 
Marketing— 6,778 (4,705)2,073 
Total$5,003 $6,778 $(4,700)$7,081 
(1)For the three and six months ended June 30, 2023 and the three months ended June 30, 2022, other E&P revenues consists primarily of losses on purchaser imbalances associated with natural gas and 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 primarily Appalachia and Haynesville.
For the three months
ended June 30,		For the six months
ended June 30,
(in millions)2023202220232022
Appalachia$468 $1,776 $1,391 $3,097 
Haynesville309 1,153 815 1,906 
Total$777 $2,929 $2,206 $5,003 
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, 2023December 31, 2022
Receivables from contracts with customers$467 $1,313 
Other accounts receivable131 88 
Total accounts receivable$598 $1,401 
Amounts recognized against the Company’s allowance for doubtful accounts related to receivables arising from contracts with customers were immaterial for both the six months ended June 30, 2023 and year ended December 31, 2022. The Company has no contract assets or contract liabilities associated with its revenues from contracts with customers.