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Derivative Instruments
 9 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative Instruments
As of September 30, 2023, the Company had the following outstanding financial commodity derivatives:
 20232024
Natural GasFourth QuarterFirst QuarterSecond QuarterThird QuarterFourth Quarter
NYMEX collars
     Volume (MMBtu)29,150,00018,200,00020,020,000 20,240,000 6,820,000 
     Weighted average floor ($/MMBtu)$4.03 $3.00 $2.75 $2.75 $2.75 
     Weighted average ceiling ($/MMBtu)$6.61 $5.56 $4.09 $4.09 $4.09 
Waha gas collars
     Volume (MMBtu)8,280,000— — — — 
     Weighted average floor ($/MMBtu)$3.03 $— $— $— $— 
     Weighted average ceiling ($/MMBtu)$5.39 $— $— $— $— 
20232024
OilFourth QuarterFirst QuarterSecond QuarterThird QuarterFourth Quarter
WTI oil collars
     Volume (MBbl)2,7601,8201,820920 920 
     Weighted average floor ($/Bbl)$70.00 $67.50 $67.50 $65.00 $65.00 
     Weighted average ceiling ($/Bbl)$91.09 $91.02 $91.02 $89.93 $89.93 
WTI Midland oil basis swaps
     Volume (MBbl)2,760 1,820 1,820 920 920 
     Weighted average differential ($/Bbl)$1.11 $1.16 $1.16 $1.16 $1.16 
In October 2023, the Company entered into the following financial commodity derivatives:
 2024
Natural GasFirst QuarterSecond QuarterThird QuarterFourth Quarter
NYMEX collars
     Volume (MMBtu)17,290,00015,470,000 15,640,000 5,270,000 
     Weighted average floor ($/MMBtu)$3.00 $2.75 $2.75 $2.75 
     Weighted average ceiling ($/MMBtu)$5.19 $4.17 $4.17 $4.17 
2024
OilFirst QuarterSecond QuarterThird QuarterFourth Quarter
WTI oil collars
     Volume (MBbl)910910920920
     Weighted average floor ($/Bbl)$69.00 $69.00 $65.00 $65.00 
     Weighted average ceiling ($/Bbl)$92.09 $92.09 $90.09 $90.09 
WTI Midland oil basis swaps
     Volume (MBbl)
910910920920
     Weighted average differential ($/Bbl)
$1.17 $1.17 $1.17 $1.17 
Effect of Derivative Instruments on the Condensed Consolidated Balance Sheet
Fair Values of Derivative Instruments
  Derivative AssetsDerivative Liabilities
(In millions)Balance Sheet LocationSeptember 30,
2023		December 31,
2022		September 30,
2023		December 31,
2022
Commodity contractsDerivative instruments (current)$37 $146 $— $— 
Offsetting of Derivative Assets and Liabilities in the Condensed Consolidated Balance Sheet
(In millions)September 30,
2023		December 31,
2022
Derivative assets  
Gross amounts of recognized assets$47 $147 
Gross amounts offset in the condensed consolidated balance sheet(10)(1)
Net amounts of assets presented in the condensed consolidated balance sheet37 146 
Gross amounts of financial instruments not offset in the condensed consolidated balance sheet— 2 
Net amount$37 $148 
Derivative liabilities   
Gross amounts of recognized liabilities$10 $1 
Gross amounts offset in the condensed consolidated balance sheet(10)(1)
Net amounts of liabilities presented in the condensed consolidated balance sheet— — 
Gross amounts of financial instruments not offset in the condensed consolidated balance sheet— 1 
Net amount$— $1 
Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations
 Three Months Ended 
September 30,		Nine Months Ended 
September 30,
(In millions)2023202220232022
Cash received (paid) on settlement of derivative instruments    
Gas contracts$55 $(202)$235 $(405)
Oil contracts— (57)3 (318)
Non-cash gain (loss) on derivative instruments    
Gas contracts(40)2 (93)(47)
Oil contracts(12)101 (16)157 
 $3 $(156)$129 $(613)