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Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Oil and Gas, Average Sale Price and Production Cost Prices used to calculate the ceiling value of reserves were as follows:
For the years ended December 31,
202120202019
Natural gas (per MMBtu)
$3.60 $1.98 $2.58 
Oil (per Bbl)
$66.56 $39.57 $55.69 
NGLs (per Bbl)
$28.65 $10.27 $11.58 
Schedule of Property, Plant and Equipment
The estimated useful lives of those assets depreciated under the straight-line method are as follows:
Water facilities
5 – 10 years
Gathering systems
15 – 25 years
Technology infrastructure
3 – 7 years
Drilling rigs and equipment
3 years
Buildings and leasehold improvements
10 – 30 years
Other property, plant and equipment is comprised of the following:
(in millions)December 31, 2021December 31, 2020
Water facilities$237 $228 
Gathering systems56 54 
Technology infrastructure135 133 
Drilling rigs and equipment28 26 
Land, buildings and leasehold improvements16 41 
Other37 41 
Less: Accumulated depreciation and impairment(319)(311)
Total$190 $212 
Schedule of Earnings Per Share
The following table presents the computation of earnings per share for the years ended December 31, 2021, 2020 and 2019:
For the years ended December 31,
(in millions, except share/per share amounts)202120202019
Net income (loss)$(25)$(3,112)$891 
Number of common shares:
Weighted average outstanding789,657,776 573,889,502 539,345,343 
Issued upon assumed exercise of outstanding stock options— — — 
Effect of issuance of non-vested restricted common stock— — 361,380 
Effect of issuance of non-vested restricted units— — — 
Effect of issuance of non-vested performance units— — 676,191 
Weighted average and potential dilutive outstanding789,657,776 573,889,502 540,382,914 
   
Earnings (loss) per common share:   
Basic$(0.03)$(5.42)$1.65 
Diluted$(0.03)$(5.42)$1.65 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table presents the common stock shares equivalent excluded from the calculation of diluted earnings per share for the years ended December 31, 2021, 2020 and 2019, as they would have had an antidilutive effect:
For the years ended December 31,
202120202019
Unexercised stock options3,683,363 4,427,040 5,078,253 
Unvested share-based payment832,989 962,662 1,728,264 
Restricted units2,226,981 4,452,876 — 
Performance units2,194,477 2,818,653 271,268 
Total8,937,810 12,661,231 7,077,785 
Schedule of Supplemental Disclosures of Cash Flow Information
The following table provides additional information concerning interest and income taxes paid as well as changes in noncash investing activities for the years ended December 31, 2021, 2020 and 2019:
For the years ended December 31,
(in millions)202120202019
Cash paid during the year for interest, net of amounts capitalized$106 $75 $58 
Cash paid (received) during the year for income taxes— 
(1)
(32)(52)
Non-cash investing activities3,690 
(2)
1,084 
(3)
41 
Non-cash financing activities2,051 
(4)
213 
(5)
— 
(1)Cash received in 2021 for income taxes was immaterial.
(2)Includes $3,039 million and $575 million in non-cash property additions related to the Indigo Merger and the GEPH Merger, respectively.
(3)Includes $1,097 million in non-cash additions related to the Montage Merger.
(4)Includes $1,588 million and $463 million in common stock consideration related to the Indigo Merger and the GEPH Merger, respectively.
(5)Common stock consideration related to the Montage Merger.