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Oil and Natural Gas Property Transactions - Purchase Price Allocation (Details) - USD ($)
$ in Millions
Mar. 09, 2022
Nov. 01, 2021
Aug. 10, 2021
Marcellus      
Consideration:      
Cash $ 2,000    
Fair value of Chesapeake’s common stock issued in the merger 764    
Working capital adjustments 6    
Total consideration 2,770    
Fair Value of Liabilities Assumed:      
Current liabilities 420    
Other long-term liabilities 129    
Amounts attributable to liabilities assumed 549    
Fair Value of Assets Acquired:      
Cash and cash equivalents 0    
Other current assets 218    
Proved oil and natural gas properties 2,309    
Unproved properties 788    
Other property and equipment 1    
Other long-term assets 3    
Amounts attributable to assets acquired 3,319    
Total identifiable net assets $ 2,770    
Vine Energy Corporation (Vine)      
Consideration:      
Cash   $ 253 $ 90
Fair value of Chesapeake’s common stock issued in the merger   1,231  
Total consideration   1,490 $ 1,500
Fair Value of Liabilities Assumed:      
Current liabilities   765  
Deferred tax liabilities   49  
Other long-term liabilities   272  
Amounts attributable to liabilities assumed   2,107  
Fair Value of Assets Acquired:      
Cash and cash equivalents   59  
Other current assets   206  
Proved oil and natural gas properties   2,181  
Unproved properties   1,118  
Other property and equipment   1  
Other long-term assets   32  
Amounts attributable to assets acquired   3,597  
Total identifiable net assets   1,490  
Restricted stock unit replacement awards   6  
Long-term debt   $ 1,021