CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 905	$ 279
Restricted cash	9	0
Accounts receivable, net	1,115	746
Short-term derivative assets	5	19
Other current assets	69	64
Total current assets	2,103	1,108
Oil and natural gas properties, successful efforts method
Proved oil and natural gas properties	7,682	25,734
Unproved properties	1,530	1,550
Other property and equipment	495	1,754
Total property and equipment	9,707	29,038
Less: accumulated depreciation, depletion and amortization	(908)	(23,806)
Property and equipment held for sale, net	3	10
Total property and equipment, net	8,802	5,242
Other long-term assets	104	234
Total assets	11,009	6,584
Current liabilities:
Accounts payable	308	346
Current maturities of long-term debt, net	0	1,929
Accrued interest	38	3
Short-term derivative liabilities	899	93
Other current liabilities	1,202	723
Total current liabilities	2,447	3,094
Long-term debt, net	2,278	0
Long-term derivative liabilities	249	44
Asset retirement obligations, net of current portion	349	139
Other long-term liabilities	15	5
Liabilities subject to compromise	0	8,643
Total liabilities	5,338	11,925
Contingencies and commitments (Note 7)
Stockholders’ equity (deficit):
Predecessor preferred stock, $0.01 par value, 20,000,000 shares authorized: 0 and 5,563,458 shares outstanding		1,631
Common stock	1	0
Additional paid-in capital	4,845	16,937
Predecessor accumulated other comprehensive income		45
Retained earnings (accumulated deficit)	825	(23,954)
Total stockholders’ equity (deficit)	5,671	(5,341)
Total liabilities and stockholders’ equity (deficit)	$ 11,009	$ 6,584