Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of the changes in unvested restricted stock

A summary of the changes in unvested RSUs is presented below:

	Unvested Restricted Stock Units	Weighted Average Grant Date Fair Value Per Share
	(in thousands)
Unvested as of December 31, 2021	775	$	46.77
Granted	496	$	75.38
Vested	(292)	$	47.69
Forfeited	(79)	$	51.42
Unvested as of June 30, 2022	900	$	61.82

A summary of the changes in unvested RSUs is presented below:

	Unvested Restricted Stock Units	Weighted Average Grant Date Fair Value Per Share
	(in thousands)
Unvested as of December 31, 2020	1	$	616.57
Granted	—	$	—
Vested	—	$	—
Forfeited/canceled	(1)	$	611.47
Unvested as of February 9, 2021	—	$	—

Schedule valuation assumptions

The following table presents the assumptions used in the valuation of the PSUs granted in 2022.

Assumption	TSR, rTSR
Risk-free interest rate	2.00	%
Volatility	70.2	%

Summary of the changes in unvested performance share

A summary of the changes in unvested PSUs is presented below:

	Unvested Performance Share Units	Weighted Average Grant Date Fair Value Per Share
	(in thousands)
Unvested as of December 31, 2021	183	$	66.12
Granted	133	$	109.65
Vested	—	$	—
Forfeited	(20)	$	54.06
Unvested as of June 30, 2022	296	$	86.47

Schedule of stock option activity

The following table provides information related to stock option activity:

	Number of Shares Underlying   Options	Weighted Average Exercise Price Per Share		Weighted   Average Contract Life in Years	Aggregate   Intrinsic Value(a)
	(in thousands)
Outstanding as of December 31, 2020	20	$	1,429.11	4.27	$	—
Granted	—	$	—
Exercised	—	$	—		$	—
Expired	(1)	$	741.86
Forfeited/canceled	(19)	$	1,452.40
Outstanding as of February 9, 2021	—	$	—	—	$	—
Exercisable as of February 9, 2021	—	$	—	—	$	—

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(a)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.

Schedule of share-based compensation arrangements

We recognized the following compensation costs, net of actual forfeitures, related to RSUs, stock options, and PSUs for the periods presented:

	Successor								Predecessor
	Three Months Ended June 30, 2022		Three Months Ended June 30, 2021		Six Months Ended June 30, 2022		Period from February 10, 2021 through June 30, 2021		Period from January 1, 2021 through February 9, 2021
General and administrative expenses	$	6	$	2	$	9	$	2	$	3
Natural gas and oil properties	1		1		2		1		—
Production expense	1		—		1		—		—
Total RSU, stock option and PSU compensation	$	8	$	3	$	12	$	3	$	3