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Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure The following table shows the capitalized costs of natural gas and oil properties and the related accumulated depreciation, depletion and amortization as of December 31, 2022 and 2021:
(in millions)20222021
Proved properties$33,546 $31,400 
Unproved properties2,217 2,231 
Total capitalized costs35,763 33,631 
Less:  Accumulated depreciation, depletion and amortization(25,033)(23,884)
Net capitalized costs$10,730 $9,747 
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,
202220212020
Natural gas (per MMBtu)
$6.36 $3.60 $1.98 
Oil (per Bbl)
$93.67 $66.56 $39.57 
NGLs (per Bbl)
$34.35 $28.65 $10.27 
Composition of Net Unevaluated Costs Excluded from Amortization The table below sets forth the composition of net unevaluated costs excluded from amortization as of December 31, 2022:
(in millions)202220212020PriorTotal
Property acquisition costs$86 $764 $71 $973 $1,894 
Exploration and development costs12 11 8 14 45 
Capitalized interest118 75 48 37 278 
$216 $850 $127 $1,024 $2,217 
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, 2022December 31, 2021
Water facilities$238 $237 
Gathering systems56 56 
Technology infrastructure135 135 
Drilling rigs and equipment31 28 
Land, buildings and leasehold improvements16 16 
Other51 37 
Less: Accumulated depreciation and impairment(354)(318)
Total$173 $191 
Schedule of Earnings Per Share
The following table presents the computation of earnings per share for the years ended December 31, 2022, 2021 and 2020:
For the years ended December 31,
(in millions, except share/per share amounts)202220212020
Net income (loss)$1,849 $(25)$(3,112)
Number of common shares:
Weighted average outstanding1,110,564,839 789,657,776 573,889,502 
Issued upon assumed exercise of outstanding stock options— — — 
Effect of issuance of non-vested restricted common stock763,067 — — 
Effect of issuance of non-vested restricted units1,500,815 — — 
Effect of issuance of non-vested performance units355,533 — — 
Weighted average and potential dilutive outstanding1,113,184,254 789,657,776 573,889,502 
   
Earnings (loss) per common share:   
Basic$1.67 $(0.03)$(5.42)
Diluted$1.66 $(0.03)$(5.42)
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, 2022, 2021 and 2020, as they would have had an antidilutive effect:
For the years ended December 31,
202220212020
Unexercised stock options2,265,589 3,683,363 4,427,040 
Unvested share-based payment53,924 832,989 962,662 
Restricted units192,515 2,226,981 4,452,876 
Performance units— 2,194,477 2,818,653 
Total2,512,028 8,937,810 12,661,231 
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, 2022, 2021 and 2020:
For the years ended December 31,
(in millions)202220212020
Cash paid during the year for interest, net of amounts capitalized$161 $106 $75 
Cash paid (received) during the year for income taxes41 — 
(1)
(32)
Non-cash investing activities94 3,690 
(2)
1,084 
(3)
Non-cash financing activities— 2,051 
(4)
213 
(5)
(1)Cash received in 2021 for income taxes was immaterial.
(2)Includes $3,045 million and $581 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.