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Derivative and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Estimated Fair Values of Our Natural Gas and Oil Derivative Instrument Assets (Liabilities) The estimated fair values of our natural gas and oil derivative instrument assets (liabilities) as of September 30, 2023 and December 31, 2022 are provided below: 
September 30, 2023December 31, 2022
Notional VolumeFair ValueNotional VolumeFair Value
Natural gas (Bcf):
Fixed-price swaps370 $— 382 $(494)
Collars589 338 721 49 
Three-way collars1 1 4 (2)
Call options— — 18 (22)
Basis protection swaps572 (8)652 (32)
Total natural gas1,532 331 1,777 (501)
Oil (MMBbls):
Fixed-price swaps— — 1 (32)
Collars— — 2 7 
Basis protection swaps— — 6 1 
Total oil— — 9 (24)
Total estimated fair value$331 $(525)
Schedule of Effect of Derivative Instruments, Condensed Consolidated Balance Sheets
The following table presents the fair value and location of each classification of derivative instrument included in the condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022 on a gross basis and after same-counterparty netting:
Gross Fair Value(a)
Amounts Netted in the Condensed Consolidated Balance SheetsNet Fair Value Presented in the Condensed Consolidated Balance Sheets
As of September 30, 2023
Commodity Contracts:
Short-term derivative asset$434 $(73)$361 
Long-term derivative asset60 (30)30 
Short-term derivative liability(93)73 (20)
Long-term derivative liability(70)30 (40)
Total derivatives$331 $— $331 
As of December 31, 2022
Commodity Contracts:
Short-term derivative asset$200 $(166)$34 
Long-term derivative asset87 (40)47 
Short-term derivative liability(598)166 (432)
Long-term derivative liability(214)40 (174)
Total derivatives$(525)$— $(525)
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(a)These financial assets (liabilities) are measured at fair value on a recurring basis utilizing significant other observable inputs; see further discussion on fair value measurements below.