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Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Commodity Derivatives
As of September 30, 2025, the Company had the following outstanding financial commodity derivatives:
20252026
OilFourth QuarterFirst QuarterSecond QuarterThird QuarterFourth Quarter
WTI oil collars
     Volume (MBbl)5,1523,6003,6403,6803,680
     Weighted average floor ($/Bbl)$61.34 $56.25 $56.25 $56.25 $56.25 
     Weighted average ceiling ($/Bbl)$79.00 $70.81 $70.81 $70.81 $70.81 
WTI-NYMEX oil swaps
Volume (MBbl)1,748900910920920
Weighted average price ($/Bbl)$69.18 $66.14 $66.14 $66.14 $66.14 
WTI Midland oil basis swaps
     Volume (MBbl)5,5204,5004,5504,6004,600
     Weighted average differential ($/Bbl)$1.02 $0.97 $0.97 $0.97 $0.97 
 20252026
Natural GasFourth Quarter
First Quarter
Second QuarterThird QuarterFourth Quarter
NYMEX gas collars
Volume (MMBtu)87,400,00081,000,00054,600,00055,200,00055,200,000
Weighted average floor ($/MMBtu)$3.08 $3.06 $3.21 $3.21 $3.21 
Weighted average ceiling ($/MMBtu)$5.66 $6.39 $5.76 $5.76 $5.76 
Transco Leidy gas basis swaps
Volume (MMBtu)18,400,000————
Weighted average differential ($/MMBtu)$(0.70)————
Transco Zone 6 Non-NY gas basis swaps
Volume (MMBtu)18,400,00013,500,00013,650,00013,800,00013,800,000
Weighted average differential ($/MMBtu)$(0.49)$(0.26)$(0.26)$(0.26)$(0.26)
Waha gas basis swaps
Volume (MMBtu)13,800,00013,500,00013,650,00013,800,00013,800,000
Weighted average differential ($/MMBtu)$(2.05)$(1.86)$(1.86)$(1.86)$(1.86)
Schedule of Effect of Derivative Instruments on the Condensed Consolidated Balance Sheet
Effect of Derivative Instruments on the Condensed Consolidated Balance Sheet
Fair Values of Derivative Instruments
  Derivative AssetsDerivative Liabilities
(In millions)Balance Sheet LocationSeptember 30,
2025		December 31,
2024		September 30,
2025		December 31,
2024
Commodity contractsOther current assets$124 $12 $— $— 
Commodity contractsAccrued liabilities— — 3 17 
Commodity contractsOther assets12 — — — 
Commodity contractsOther liabilities— — 9 4 
$136 $12 $12 $21 
Schedule of Offsetting of Derivative Assets in the Condensed Consolidated Balance Sheet
Offsetting of Derivative Assets and Liabilities in the Condensed Consolidated Balance Sheet
(In millions)September 30,
2025		December 31,
2024
Derivative assets  
Gross amounts of recognized assets$153 $26 
Gross amounts offset in the condensed consolidated balance sheet(17)(14)
Net amounts of assets presented in the condensed consolidated balance sheet136 12 
Gross amounts of financial instruments not offset in the condensed consolidated balance sheet4 — 
Net amount$140 $12 
Derivative liabilities   
Gross amounts of recognized liabilities$29 $35 
Gross amounts offset in the condensed consolidated balance sheet(17)(14)
Net amounts of liabilities presented in the condensed consolidated balance sheet12 21 
Gross amounts of financial instruments not offset in the condensed consolidated balance sheet— — 
Net amount$12 $21 
Schedule of Offsetting of Derivative Liabilities in the Condensed Consolidated Balance Sheet
Offsetting of Derivative Assets and Liabilities in the Condensed Consolidated Balance Sheet
(In millions)September 30,
2025		December 31,
2024
Derivative assets  
Gross amounts of recognized assets$153 $26 
Gross amounts offset in the condensed consolidated balance sheet(17)(14)
Net amounts of assets presented in the condensed consolidated balance sheet136 12 
Gross amounts of financial instruments not offset in the condensed consolidated balance sheet4 — 
Net amount$140 $12 
Derivative liabilities   
Gross amounts of recognized liabilities$29 $35 
Gross amounts offset in the condensed consolidated balance sheet(17)(14)
Net amounts of liabilities presented in the condensed consolidated balance sheet12 21 
Gross amounts of financial instruments not offset in the condensed consolidated balance sheet— — 
Net amount$12 $21 
Schedule of Effect of Derivatives on the Condensed Consolidated Statement of Operations
Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations
 Three Months Ended 
September 30,		Nine Months Ended 
September 30,
(In millions)2025202420252024
Cash received on settlement of derivative instruments    
Oil contracts$10 $1 $22 $— 
Gas contracts26 27 27 90 
Non-cash gain (loss) on derivative instruments    
Oil contracts(25)48 63 14 
Gas contracts51 (12)70 (56)
 $62 $64 $182 $48