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v3.20.2

Revenue | 9 Months Ended
--- | ---
Sep. 30, 2020
Revenue from Contract with Customer [Abstract] |
Revenue | 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 September 30, 2020
|  | Oil |  | Natural Gas |  | NGL |  | Total
|  | ($ in millions)
Marcellus |  | $ | — |  |  | $ | 137 |  |  | $ | — |  |  | $ | 137 |
Haynesville |  | — |  |  | 92 |  |  | — |  |  | 92 |
Eagle Ford |  | 189 |  |  | 26 |  |  | 26 |  |  | 241 |
Brazos Valley |  | 127 |  |  | 3 |  |  | 3 |  |  | 133 |
Powder River Basin |  | 36 |  |  | 7 |  |  | 4 |  |  | 47 |
Mid-Continent |  | 14 |  |  | 5 |  |  | 3 |  |  | 22 |
Revenue from contracts with customers |  | 366 |  |  | 270 |  |  | 36 |  |  | 672 |
Losses on oil, natural gas and NGL derivatives |  | (2 | ) |  | (159 | ) |  | — |  |  | (161 | )
Oil, natural gas and NGL revenue |  | $ | 364 |  |  | $ | 111 |  |  | $ | 36 |  |  | $ | 511 |
Marketing revenue |  | $ | 301 |  |  | $ | 116 |  |  | $ | 31 |  |  | $ | 448 |
|  | Three Months Ended September 30, 2019
|  | Oil |  | Natural Gas |  | NGL |  | Total
|  | ($ in millions)
Marcellus |  | $ | — |  |  | $ | 158 |  |  | $ | — |  |  | $ | 158 |
Haynesville |  | — |  |  | 129 |  |  | — |  |  | 129 |
Eagle Ford |  | 282 |  |  | 32 |  |  | 22 |  |  | 336 |
Brazos Valley |  | 194 |  |  | 10 |  |  | 5 |  |  | 209 |
Powder River Basin |  | 97 |  |  | 16 |  |  | 5 |  |  | 118 |
Mid-Continent |  | 40 |  |  | 8 |  |  | 5 |  |  | 53 |
Revenue from contracts with customers |  | 613 |  |  | 353 |  |  | 37 |  |  | 1,003 |
Gains on oil, natural gas and NGL derivatives |  | 124 |  |  | 43 |  |  | — |  |  | 167 |
Oil, natural gas and NGL revenue |  | $ | 737 |  |  | $ | 396 |  |  | $ | 37 |  |  | $ | 1,170 |
Marketing revenue from contracts with customers |  | $ | 603 |  |  | $ | 165 |  |  | $ | 37 |  |  | $ | 805 |
Other marketing revenue |  | 80 |  |  | 4 |  |  | — |  |  | 84 |
Marketing revenue |  | $ | 683 |  |  | $ | 169 |  |  | $ | 37 |  |  | $ | 889 |
|  | Nine Months Ended September 30, 2020
|  | Oil |  | Natural Gas |  | NGL |  | Total
|  | ($ in millions)
Marcellus |  | $ | — |  |  | $ | 445 |  |  | $ | — |  |  | $ | 445 |
Haynesville |  | — |  |  | 245 |  |  | — |  |  | 245 |
Eagle Ford |  | 539 |  |  | 77 |  |  | 59 |  |  | 675 |
Brazos Valley |  | 375 |  |  | 10 |  |  | 9 |  |  | 394 |
Powder River Basin |  | 133 |  |  | 28 |  |  | 14 |  |  | 175 |
Mid-Continent |  | 44 |  |  | 19 |  |  | 9 |  |  | 72 |
Revenue from contracts with customers |  | 1,091 |  |  | 824 |  |  | 91 |  |  | 2,006 |
Gains (losses) on oil, natural gas and NGL derivatives |  | 689 |  |  | (116 | ) |  | — |  |  | 573 |
Oil, natural gas and NGL revenue |  | $ | 1,780 |  |  | $ | 708 |  |  | $ | 91 |  |  | $ | 2,579 |
Marketing revenue from contracts with customers |  | $ | 930 |  |  | $ | 338 |  |  | $ | 76 |  |  | $ | 1,344 |
Other marketing revenue |  | 67 |  |  | 1 |  |  | — |  |  | 68 |
Marketing revenue |  | $ | 997 |  |  | $ | 339 |  |  | $ | 76 |  |  | $ | 1,412 |
|  | Nine Months Ended September 30, 2019
|  | Oil |  | Natural Gas |  | NGL |  | Total
|  | ($ in millions)
Marcellus |  | $ | — |  |  | $ | 657 |  |  | $ | — |  |  | $ | 657 |
Haynesville |  | — |  |  | 494 |  |  | — |  |  | 494 |
Eagle Ford |  | 962 |  |  | 117 |  |  | 88 |  |  | 1,167 |
Brazos Valley |  | 513 |  |  | 23 |  |  | 12 |  |  | 548 |
Powder River Basin |  | 273 |  |  | 59 |  |  | 23 |  |  | 355 |
Mid-Continent |  | 131 |  |  | 34 |  |  | 26 |  |  | 191 |
Revenue from contracts with customers |  | 1,879 |  |  | 1,384 |  |  | 149 |  |  | 3,412 |
Gains (losses) on oil, natural gas and NGL derivatives |  | (49 | ) |  | 190 |  |  | — |  |  | 141 |
Oil, natural gas and NGL revenue |  | $ | 1,830 |  |  | $ | 1,574 |  |  | $ | 149 |  |  | $ | 3,553 |
Marketing revenue from contracts with customers |  | $ | 1,830 |  |  | $ | 741 |  |  | $ | 202 |  |  | $ | 2,773 |
Other marketing revenue |  | 230 |  |  | 38 |  |  | — |  |  | 268 |
Losses on marketing derivatives |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Marketing revenue |  | $ | 2,060 |  |  | $ | 776 |  |  | $ | 202 |  |  | $ | 3,038 |
Accounts Receivable Our accounts receivable are primarily from purchasers of oil, natural gas and NGL and from exploration and production companies that own interests in properties we operate. This industry concentration could affect our overall exposure to credit risk, either positively or negatively, because our purchasers and joint working interest owners may be similarly affected by changes in economic, industry or other conditions. We monitor the creditworthiness of all our counterparties and we generally require letters of credit or parent guarantees for receivables from parties deemed to have sub-standard credit, unless the credit risk can otherwise be mitigated. We estimate expected credit losses using forecasts based on historical information and current information, in addition to specifically identifying receivables that may be uncollectible. On January 1, 2020 we adopted ASU 2016-03, Financial Instruments-Credit Losses. The standard, as further amended, affects trade receivables, financial assets and certain other instruments that are not measured at fair value through net income. This ASU replaced the previously required incurred loss approach for estimating credit losses with an expected loss model. The adoption and implementation of this ASU did not have a material impact on our accounts receivable. Accounts receivable as of September 30, 2020 and December 31, 2019 are detailed below:
|  | September 30, 2020 |  | December 31, 2019
|  | ($ in millions)
Oil, natural gas and NGL sales |  | $ | 547 |  |  | $ | 737 |
Joint interest |  | 91 |  |  | 200 |
Other |  | 67 |  |  | 74 |
Allowance for doubtful accounts |  | (29 | ) |  | (21 | )
Total accounts receivable, net |  | $ | 676 |  |  | $ | 990 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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