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Fresh Start Accounting - Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Feb. 09, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets:        
Cash and cash equivalents $ 905 $ 40 $ 279 $ 6
Restricted cash   86    
Accounts receivable, net   843    
Short-term derivative assets   0    
Other current assets   61    
Total current assets 2,103 1,030 1,108  
Property and equipment:        
Proved oil and natural gas properties   4,686    
Unproved properties   483    
Other property and equipment 495 499 1,754  
Total property and equipment   5,668    
Less: accumulated depreciation, depletion and amortization (908) 0 (23,806)  
Property and equipment held for sale, net   2    
Total property and equipment, net 8,802 5,670 5,242  
Other long-term assets 104 114 234  
Assets 11,009 6,814 6,584  
Current liabilities:        
Accounts payable 308 415 346  
Current maturities of long-term debt, net 0 0 1,929  
Accrued interest   0    
Short-term derivative liabilities   398    
Other current liabilities 1,202 769 723  
Total current liabilities 2,447 1,582 3,094  
Debt   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 0 8,643  
Total liabilities 5,338 3,228 11,925  
Contingencies and commitments (Note 6)      
Stockholders’ equity (deficit):        
Predecessor preferred stock   0 1,631  
Additional paid-in capital 4,845   16,937  
Common stock 1 1 0  
Successor additional paid-in-capital   3,585    
Predecessor accumulated other comprehensive income   0 45  
Retained earnings (accumulated deficit) 825 0 (23,954)  
Total stockholders’ equity (deficit) 5,671 3,586 (5,341)  
Total liabilities and stockholders’ equity (deficit) 11,009 6,814 $ 6,584  
Predecessor        
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    
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    
Debt   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    
Additional paid-in capital   16,940    
Common stock   0    
Successor additional paid-in-capital   0    
Predecessor accumulated other comprehensive income   48    
Retained earnings (accumulated deficit)   (25,199)    
Total stockholders’ equity (deficit)   (6,580)    
Total liabilities and stockholders’ equity (deficit)   6,595    
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    
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)    
Debt   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)    
Additional paid-in capital   (16,940)    
Common stock   1    
Successor additional paid-in-capital   3,585    
Predecessor accumulated other comprehensive income   0    
Retained earnings (accumulated deficit)   24,941    
Total stockholders’ equity (deficit)   9,956    
Total liabilities and stockholders’ equity (deficit)   (140)    
Reorganization, Chapter 11, Fresh-Start Adjustment        
Current assets:        
Cash and cash equivalents   48    
Restricted cash   8    
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) 443    
Other long-term assets 84 (84)    
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    
Debt (52) 52    
Long-term derivative liabilities   0    
Asset retirement obligations, net of current portion   97    
Other long-term liabilities   97    
Liabilities subject to compromise   0    
Total liabilities   149    
Contingencies and commitments (Note 6)      
Stockholders’ equity (deficit):        
Predecessor preferred stock   0    
Additional paid-in capital   0    
Common stock   0    
Successor additional paid-in-capital   0    
Predecessor accumulated other comprehensive income (9) (48)    
Retained earnings (accumulated deficit)   258    
Total stockholders’ equity (deficit)   210    
Total liabilities and stockholders’ equity (deficit) $ 201 $ 359