Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 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	429	$	83.65
Vested(a)	(469)	$	66.25
Forfeited	(10)	$	72.61
Unvested as of June 30, 2024	890	$	81.78

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(a) Approximately 71 thousand RSUs were accelerated related to one-time termination benefits for certain employees.

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	(126)	$	68.72
Forfeited	—	$	—
Unvested as of June 30, 2024	402	$	94.34

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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
General and administrative expenses	$	9	$	8	$	17	$	14
Natural gas and oil properties	2		2		4		3
Production expense	1		1		2		2
Separation and other termination costs	9		—		9		—
Total RSU and PSU compensation	$	21	$	11	$	32	$	19
Related income tax benefit	$	7	$	3	9		4