Revenue Recognition

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents revenues disaggregated by product:



	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2019			2018			2019		2018
OPERATING REVENUES
Natural gas	$	470,482		$	364,660		$	1,103,656	$	776,768
Crude oil and condensate	—			—			—		48,722
Brokered natural gas	—			92,576			—		97,526
Other	(14		)	(121		)	236		1,749
Total revenues from contracts with customers	470,468			457,115			1,103,892		924,765
Gain (loss) on derivative instruments	63,649			(3,668		)	71,906		1,909
Total operating revenues	$	534,117		$	453,447		$	1,175,798	$	926,674

All of the Company’s revenues from contracts with customers represent products transferred at a point in time as control is transferred to the customer and generated in the United States.

Transaction Price Allocated to Remaining Performance Obligations

A significant number of the Company’s product sales contracts are short-term in nature with a contract term of one year or less. For those contracts, the Company has utilized the practical expedient exempting the Company from 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.

As of June 30, 2019, the Company has $9.8 billion of unsatisfied performance obligations related to natural gas sales that have a fixed pricing component and a contract term greater than one year. The Company expects to recognize these obligations over periods ranging from five to 20 years.

Contract Balances

Receivables from contracts with customers are recorded when the right to consideration becomes unconditional, generally when control of the product has been transferred to the customer. Receivables from contracts with customers were $183.7 million and $363.0 million as of June 30, 2019 and December 31, 2018, respectively, and are reported in accounts receivable, net on the Condensed Consolidated Balance Sheet. The Company currently has no assets or liabilities related to its revenue contracts, including no upfront or rights to deficiency payments.