COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Commitments

The following is a schedule of minimum future payments with commitments that have initial or remaining noncancellable terms in excess of one year as of December 31, 2024:

Year Ending December 31,	Transportation Commitments(1)(2)		Electrical Fracturing Fleet(3)		Sand Supply Agreement(4)		Produced Water Disposal Commitments(5)		Electrical Power Agreements(6)
	(In millions)
2025	$	209	$	74	$	41	$	4	$	99
2026	232		50		23		4		77
2027	278		50		2		3		67
2028	268		25		—		4		37
2029	267		—		—		4		35
Thereafter	1,585		—		—		18		50
Total	$	2,839	$	199	$	66	$	37	$	365

(1)Total costs incurred under take-or-pay and throughput obligations were approximately $337 million, $266 million and $249 million in 2024, 2023 and 2022, respectively.

(2)The Company has committed to transport gross quantities of crude oil and natural gas on various pipelines under a variety of contracts including throughput and take-or-pay agreements. The Company’s failure to purchase the minimum level of quantities would require it to pay shortfall fees up to the amount of the original monthly commitment amounts included in the table above.

(3)In 2022, the Company entered into commitments for three years for the Company’s electric fracturing fleet and related power generating services. Subsequently, certain commitments have been extended.

(4)The Company has committed to purchase minimum quantities of sand for use in its drilling operations. Our failure to purchase the minimum level of quantities would require us to pay shortfall fees up to the commitment amounts included in the table above.

(5)The Company has a minimum volume commitment to purchase produced water disposal services under a 14 year agreement which began in 2021.

(6)The Company has fixed price contracts with various suppliers for the purchase of electrical power through 2032.

Schedule of Delivery Commitment

At December 31, 2024, the Company’s delivery commitments covered the following gross volumes of oil:

Year Ending December 31,	Oil Volume Commitments (Bbl/d)
2025	175,000
2026	150,000
2027	150,000
2028	50,000
2029	50,000
Thereafter	100,000
Total	675,000