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Fresh Start Accounting - Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Feb. 09, 2021
Current assets:    
Cash and cash equivalents   $ 243
Restricted cash   0
Accounts receivable, net   861
Short-term derivative assets   0
Other current assets   66
Total current assets   1,170
Property and equipment:    
Proved oil and natural gas properties   25,794
Unproved properties   1,546
Other property and equipment   1,755
Total property and equipment   29,095
Less: accumulated depreciation, depletion and amortization   (23,877)
Property and equipment held for sale, net   9
Total property and equipment, net   5,227
Other long-term assets   198
Total assets   6,595
Current liabilities:    
Accounts payable   391
Current maturities of long-term debt, net   1,929
Accrued interest   4
Short-term derivative liabilities   398
Other current liabilities   645
Total current liabilities   3,367
Long-term debt, net   0
Long-term derivative liabilities   90
Asset retirement obligations, net of current portion   139
Other long-term liabilities   5
Liabilities subject to compromise   9,574
Total liabilities   13,175
Contingencies and commitments (Note 6)  
Stockholders’ equity (deficit):    
Predecessor preferred stock   1,631
Predecessor additional paid-in capital   16,940
Successor common stock   0
Accumulated other comprehensive income   48
Accumulated deficit   (25,199)
Total stockholders’ equity (deficit)   (6,580)
Total liabilities and stockholders’ equity (deficit)   6,595
Current assets:    
Cash and cash equivalents   40
Restricted cash   86
Accounts receivable, net   843
Short-term derivative assets   0
Other current assets   61
Total current assets   1,030
Property and equipment:    
Proved oil and natural gas properties   4,686
Unproved properties   483
Other property and equipment   499
Total property and equipment   5,668
Less: accumulated depreciation, depletion and amortization   0
Property and equipment held for sale, net   2
Total property and equipment, net   5,670
Other long-term assets   114
Total assets   6,814
Current liabilities:    
Accounts payable   415
Current maturities of long-term debt, net   0
Accrued interest   0
Short-term derivative liabilities   398
Other current liabilities   769
Total current liabilities   1,582
Long-term debt, net   1,313
Long-term derivative liabilities   90
Asset retirement obligations, net of current portion   236
Other long-term liabilities   7
Liabilities subject to compromise   0
Total liabilities   3,228
Contingencies and commitments (Note 6)  
Stockholders’ equity (deficit):    
Predecessor preferred stock   0
Successor common stock   1
Successor additional paid-in-capital   3,585
Accumulated other comprehensive income   0
Accumulated deficit   0
Total stockholders’ equity (deficit)   3,586
Total liabilities and stockholders’ equity (deficit)   6,814
Current assets:    
Cash and cash equivalents   48
Restricted cash   8
Property and equipment:    
Total property and equipment, net $ 443  
Other long-term assets (84)  
Current liabilities:    
Accounts payable   24
Other current liabilities   124
Long-term debt, net 52 1,261
Other long-term liabilities   97
Stockholders’ equity (deficit):    
Accumulated other comprehensive income 9  
Accumulated deficit   24,941
Total liabilities and stockholders’ equity (deficit) $ (201)  
Reorganization Adjustments    
Current assets:    
Cash and cash equivalents   (203)
Restricted cash   86
Accounts receivable, net   (18)
Short-term derivative assets   0
Other current assets   (5)
Total current assets   (140)
Property and equipment:    
Proved oil and natural gas properties   0
Unproved properties   0
Other property and equipment   0
Total property and equipment   0
Less: accumulated depreciation, depletion and amortization   0
Property and equipment held for sale, net   0
Total property and equipment, net   0
Other long-term assets   0
Total assets   (140)
Current liabilities:    
Accounts payable   24
Current maturities of long-term debt, net   (1,929)
Accrued interest   (4)
Short-term derivative liabilities   0
Other current liabilities   124
Total current liabilities   (1,785)
Long-term debt, net   1,261
Long-term derivative liabilities   0
Asset retirement obligations, net of current portion   0
Other long-term liabilities   2
Liabilities subject to compromise   (9,574)
Total liabilities   (10,096)
Contingencies and commitments (Note 6)  
Stockholders’ equity (deficit):    
Predecessor preferred stock   (1,631)
Predecessor additional paid-in capital   (16,940)
Successor common stock   1
Successor additional paid-in-capital   3,585
Accumulated other comprehensive income   0
Accumulated deficit   24,941
Total stockholders’ equity (deficit)   9,956
Total liabilities and stockholders’ equity (deficit)   (140)
Fresh Start Adjustments    
Current assets:    
Cash and cash equivalents   0
Restricted cash   0
Accounts receivable, net   0
Short-term derivative assets   0
Other current assets   0
Total current assets   0
Property and equipment:    
Proved oil and natural gas properties   (21,108)
Unproved properties   (1,063)
Other property and equipment   (1,256)
Total property and equipment   (23,427)
Less: accumulated depreciation, depletion and amortization   23,877
Property and equipment held for sale, net   (7)
Total property and equipment, net   443
Other long-term assets   (84)
Total assets   359
Current liabilities:    
Accounts payable   0
Current maturities of long-term debt, net   0
Accrued interest   0
Short-term derivative liabilities   0
Other current liabilities   0
Total current liabilities   0
Long-term debt, net   52
Long-term derivative liabilities   0
Asset retirement obligations, net of current portion   97
Other long-term liabilities   0
Liabilities subject to compromise   0
Total liabilities   149
Contingencies and commitments (Note 6)  
Stockholders’ equity (deficit):    
Predecessor preferred stock   0
Predecessor additional paid-in capital   0
Successor common stock   0
Successor additional paid-in-capital   0
Accumulated other comprehensive income   (48)
Accumulated deficit   258
Total stockholders’ equity (deficit)   210
Total liabilities and stockholders’ equity (deficit)   $ 359