Capitalized Exploratory Well Costs

12 Months Ended

Dec. 31, 2023

Extractive Industries [Abstract]

Capitalized Exploratory Well Costs

16. Capitalized Exploratory Well Costs

A summary of the changes in our capitalized exploratory well costs for the periods presented is detailed below. Additions pending the determination of proved reserves excludes amounts capitalized and subsequently charged to expense within the same year.

	Successor						Predecessor
	Year Ended December 31, 2023		Year Ended December 31, 2022		Period from February 10, 2021 through December 31, 2021		Period from January 1, 2021 through February 9, 2021
Balance, beginning of period	$	10	$	14	$	—	$	—
Additions pending the determination of proved reserves	—		1		24		—
Divestitures and other	(10)		—		—		—
Reclassifications to proved properties	—		—		(10)		—
Charges to exploration expense	—		(5)		—		—
Balance, end of period(a)	$	—	$	10	$	14	$	—

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(a)Our capitalized exploratory well costs balance as of December 31, 2022, consisted of one project for which we had suspended exploratory well costs capitalized for a period greater than one year. During the 2023 Successor Period, this project was divested.

We had no projects with suspended exploratory well costs capitalized for a period greater than one year as of December 31, 2021.