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Derivative Instruments
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative Instruments
As of September 30, 2024, the Company had the following outstanding financial commodity derivatives:
20242025
OilFourth QuarterFirst QuarterSecond QuarterThird QuarterFourth Quarter
WTI oil collars
     Volume (MBbl)3,6803,3303,3672,0242,024
     Weighted average floor ($/Bbl)$65.00 $61.89 $61.89 $62.05 $62.05 
     Weighted average ceiling ($/Bbl)$86.20 $81.40 $81.40 $81.15 $81.15 
WTI Midland oil basis swaps
     Volume (MBbl)4,6003,1503,1851,8401,840
     Weighted average differential ($/Bbl)$1.13 $1.18 $1.18 $1.11 $1.11 
 202420252026
Natural GasFourth QuarterFirst QuarterSecond QuarterThird QuarterFourth QuarterFirst Quarter
NYMEX collars
     Volume (MMBtu)34,990,00036,000,00036,400,00036,800,00036,800,00027,000,000 
     Weighted average floor ($/MMBtu)$2.75 $2.88 $2.88 $2.88 $2.88 $2.75 
     Weighted average ceiling ($/MMBtu)$4.46 $4.70 $4.15 $4.15 $6.00 $7.66 
In October 2024, the Company entered into the following financial commodity derivatives:
20242025
OilFourth QuarterFirst QuarterSecond QuarterThird QuarterFourth Quarter
WTI oil collars
     Volume (MBbl)305810 819 1,288 1,288 
     Weighted average floor ($/Bbl)$60.00 $57.78 $57.78 $58.57 $58.57 
     Weighted average ceiling ($/Bbl)$92.57 $80.18 $80.18 $80.09 $80.09 
WTI Midland oil basis swaps
     Volume (MBbl)— 540 546 1,012 1,012 
     Weighted average differential ($/Bbl)$— $1.00 $1.00 $1.02 $1.02 
Effect of Derivative Instruments on the Condensed Consolidated Balance Sheet
Fair Values of Derivative Instruments
  Derivative AssetsDerivative Liabilities
(In millions)Balance Sheet LocationSeptember 30,
2024		December 31,
2023		September 30,
2024		December 31,
2023
Commodity contractsOther current assets (current)$41 $85 $— $— 
Commodity contractsOther assets (non-current)10 7 — — 
Commodity contractsOther liabilities (non-current)— — 1 — 
$51 $92 $1 $— 
Offsetting of Derivative Assets and Liabilities in the Condensed Consolidated Balance Sheet
(In millions)September 30,
2024		December 31,
2023
Derivative assets  
Gross amounts of recognized assets$56 $93 
Gross amounts offset in the condensed consolidated balance sheet(5)(1)
Net amounts of assets presented in the condensed consolidated balance sheet51 92 
Gross amounts of financial instruments not offset in the condensed consolidated balance sheet1 1 
Net amount$52 $93 
Derivative liabilities   
Gross amounts of recognized liabilities$6 $1 
Gross amounts offset in the condensed consolidated balance sheet(5)(1)
Net amounts of liabilities presented in the condensed consolidated balance sheet1 — 
Gross amounts of financial instruments not offset in the condensed consolidated balance sheet— — 
Net amount$1 $— 
Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations
 Three Months Ended 
September 30,		Nine Months Ended 
September 30,
(In millions)2024202320242023
Cash received on settlement of derivative instruments    
Gas contracts$27 $55 $90 $235 
Oil contracts1 — — 3 
Non-cash gain (loss) on derivative instruments    
Gas contracts(12)(40)(56)(93)
Oil contracts48 (12)14 (16)
 $64 $3 $48 $129