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Share-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Summary of the changes in unvested restricted stock A summary of the changes in unvested restricted stock during the Current Period is presented below:
 
 
Shares of
Unvested
Restricted Stock(a)
 
Weighted Average
Grant Date
Fair Value Per Share(a)
 
 
(in thousands)
 
 
Unvested as of January 1, 2020
 
52

 
$
710

Granted
 
68

 
$
60

Vested
 
(21
)
 
$
794

Forfeited/canceled
 
(97
)
 
$
243

Unvested as of September 30, 2020
 
2

 
$
584


____________________________________________
(a)
All share information has been retroactively adjusted to reflect a 1-for-200 (1:200) reverse stock split effective April 14, 2020. See Note 9 for additional information.
Schedule of stock option activity
The following table provides information related to stock option activity in the Current Period:
 
 
Number of
Shares
Underlying  
Options(a)
 
Weighted
Average
Exercise Price Per Share(a)
 
Weighted  
Average
Contract Life in Years
 
Aggregate  
Intrinsic
Value(b)
 
 
(in thousands)
 
 
 
 
 
($ in millions)
Outstanding as of January 1, 2020
 
90

 
$
1,420

 
5.70
 
$
—

Granted
 
—

 
$
—

 
 
 
 
Exercised
 
—

 
$
—

 
 
 
$
—

Expired
 
(21
)
 
$
893

 
 
 
 
Forfeited/canceled
 
(47
)
 
$
1,666

 
 
 
 
Outstanding as of September 30, 2020
 
22

 
$
1,390

 
4.24
 
$
—

Exercisable as of September 30, 2020
 
22

 
$
1,400

 
4.31
 
$
—

___________________________________________
(a)
All share information has been retroactively adjusted to reflect a 1-for-200 (1:200) reverse stock split effective April 14, 2020. See Note 9 for additional information.
(b)
The intrinsic value of a stock option is the amount by which the current market value or the market value upon exercise of the underlying stock exceeds the exercise price of the option.
Restricted stock and stock option compensation
We recognized the following compensation costs (credits), net of actual forfeitures, related to our liability-classified awards for the Current Quarter, the Prior Quarter, the Current Period and the Prior Period.
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2020
 
2019
 
2020
 
2019
 
 
($ in millions)
General and administrative expenses
 
$
—

 
$
(1
)
 
$
(3
)
 
$
7

Oil and natural gas properties
 
—

 
1

 
—

 
2

Oil, natural gas and NGL production expenses
 
—

 
—

 
(1
)
 
3

Exploration expenses
 
—

 
—

 
—

 
—

Total liability-classified awards compensation
 
$
—

 
$
—

 
$
(4
)
 
$
12


We recognized the following compensation costs, net of actual forfeitures, related to restricted stock and stock options for the Current Quarter, the Prior Quarter, the Current Period and the Prior Period:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2020
 
2019
 
2020
 
2019
 
($ in millions)
General and administrative expenses
$
7

 
$
6

 
$
15

 
$
21

Oil and natural gas properties
—

 
1

 
1

 
2

Oil, natural gas and NGL production expenses
—

 
1

 
1

 
3

Total restricted stock and stock option compensation
$
7

 
$
8

 
$
17

 
$
26
Summary of liability classified awards
The following table presents a summary of our liability-classified awards:
 
 
 
 
Grant Date
Fair Value
 
September 30, 2020
 
 
Units(a)
 
 
Fair Value
 
Vested Liability
 
 
 
 
($ in millions)
 
($ in millions)
2018 CRSU Awards:
 
 
 
 
 
 
 
 
Payable 2021
 
14,273

 
$
9

 
$
—

 
$
—


____________________________________________
(a)
All share information has been retroactively adjusted to reflect a 1-for-200 (1:200) reverse stock split effective April 14, 2020. See Note 9 for additional information.