Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of 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, 2023	940	$	73.08
Granted	413	$	83.47
Vested	(242)	$	72.84
Forfeited	(6)	$	67.61
Unvested as of March 31, 2024	1,105	$	77.05

Schedule of Valuation Assumptions

The following table presents the assumptions used in the valuation of the PSUs granted in 2024.

Assumption	TSR, rTSR
Risk-free interest rate	4.55	%
Volatility	39.36	%

Schedule of 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, 2023	394	$	85.78
Granted	134	$	95.33
Vested	—	$	—
Forfeited	—	$	—
Unvested as of March 31, 2024	528	$	88.20

Schedule of Compensation Costs

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

	Three Months Ended March 31,
	2024		2023
General and administrative expenses	$	8	$	6
Natural gas and oil properties	2		1
Production expense	1		1
Total RSU and PSU compensation	$	11	$	8
Related income tax benefit	$	2	$	1