XML 48 R36.htm IDEA: XBRL DOCUMENT v3.19.2
Revenue Recognition (Tables)
 6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue
The following table shows revenue disaggregated by operating area and product type, for the Current Quarter, the Prior Quarter, the Current Period and the Prior Period:
 
 
Three Months Ended June 30, 2019
 
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
($ in millions)
Marcellus
 
$
—

 
$
198

 
$
—

 
$
198

Haynesville
 
—

 
164

 
—

 
164

Eagle Ford
 
349

 
37

 
20

 
406

Brazos Valley
 
199

 
9

 
5

 
213

Powder River Basin
 
102

 
18

 
8

 
128

Mid-Continent
 
50

 
10

 
10

 
70

Revenue from contracts with customers
 
700

 
436

 
43

 
1,179

Gains on oil, natural gas and NGL derivatives
 
86

 
189

 
—

 
275

Oil, natural gas and NGL revenue
 
$
786

 
$
625

 
$
43

 
$
1,454

 
 
 
 
 
 
 
 
 
Marketing revenue from contracts with customers
 
$
614

 
$
162

 
$
48

 
$
824

Other marketing revenue
 
78

 
15

 
—

 
93

Losses on oil, natural gas and NGL derivatives
 
—

 
(1
)
 
—

 
(1
)
Marketing revenue
 
$
692

 
$
176

 
$
48

 
$
916

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
($ in millions)
Marcellus
 
$
—

 
$
169

 
$
—

 
$
169

Haynesville
 
1

 
198

 
—

 
199

Eagle Ford
 
390

 
42

 
46

 
478

Powder River Basin
 
52

 
11

 
9

 
72

Mid-Continent
 
62

 
15

 
12

 
89

Utica
 
62

 
103

 
61

 
226

Revenue from contracts with customers
 
567

 
538

 
128

 
1,233

Losses on oil, natural gas and NGL derivatives
 
(202
)
 
(35
)
 
(14
)
 
(251
)
Oil, natural gas and NGL revenue
 
$
365

 
$
503

 
$
114

 
$
982

 
 
 
 
 
 
 
 
 
Marketing revenue from contracts with customers
 
732

 
235

 
102

 
1,069

Other marketing revenue
 
145

 
59

 
—

 
204

Marketing revenue
 
$
877

 
$
294

 
$
102

 
$
1,273

 
 
 
 
 
 
 
 
 

 
 
Six Months Ended June 30, 2019
 
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
($ in millions)
Marcellus
 
$
—

 
$
500

 
$
—

 
$
500

Haynesville
 
—

 
365

 
—

 
365

Eagle Ford
 
680

 
85

 
66

 
831

Brazos Valley
 
320

 
13

 
7

 
340

Powder River Basin
 
176

 
43

 
18

 
237

Mid-Continent
 
90

 
25

 
21

 
136

Revenue from contracts with customers
 
1,266

 
1,031

 
112

 
2,409

Gains (losses) on oil, natural gas and NGL derivatives
 
(173
)
 
147

 
—

 
(26
)
Oil, natural gas and NGL revenue
 
$
1,093

 
$
1,178

 
$
112

 
$
2,383

 
 
 
 
 
 
 
 
 
Marketing revenue from contracts with customers
 
$
1,227

 
$
575

 
$
165

 
$
1,967

Other marketing revenue
 
150

 
35

 
—

 
185

Losses on oil, natural gas and NGL derivatives
 
—

 
(3
)
 
—

 
(3
)
Marketing revenue
 
$
1,377

 
$
607

 
$
165

 
$
2,149

 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
($ in millions)
Marcellus
 
$
—

 
$
462

 
$
—

 
$
462

Haynesville
 
2

 
409

 
—

 
411

Eagle Ford
 
750

 
84

 
85

 
919

Powder River Basin
 
95

 
23

 
17

 
135

Mid-Continent
 
138

 
47

 
30

 
215

Utica
 
119

 
219

 
113

 
451

Revenue from contracts with customers
 
1,104

 
1,244

 
245

 
2,593

Losses on oil, natural gas and NGL derivatives
 
(288
)
 
(67
)
 
(13
)
 
(368
)
Oil, natural gas and NGL revenue
 
$
816

 
$
1,177

 
$
232

 
$
2,225

 
 
 
 
 
 
 
 
 
Marketing revenue from contracts with customers
 
1,418

 
528

 
212

 
2,158

Other marketing revenue
 
262

 
99

 
—

 
361

Marketing revenue
 
$
1,680

 
$
627

 
$
212

 
$
2,519
Accounts receivable Accounts receivable as of June 30, 2019 and December 31, 2018 are detailed below:
 
 
June 30,
2019
 
December 31,
2018
 
 
($ in millions)
Oil, natural gas and NGL sales
 
$
682

 
$
976

Joint interest
 
289

 
211

Other
 
71

 
77

Allowance for doubtful accounts
 
(21
)
 
(17
)
Total accounts receivable, net
 
$
1,021

 
$
1,247