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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 1,734,544 $ 1,780,942 $ (1,141,501)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Deferred income tax expense (benefit) 384,666 534,612 (427,470)
Depreciation and depletion 1,732,142 1,665,962 1,676,702
Impairments and loss/gain on sale/exchange of long-lived assets 126,866 382,355 290,711
(Income) loss from investments (7,596) 4,931 (71,841)
Loss on debt extinguishment 80 140,029 9,756
Share-based compensation expense 49,834 45,201 28,169
Distribution of earnings from equity method investment 18,693 50,220 14,911
Amortization, accretion and other 16,943 32,645 32,175
(Gain) loss on derivatives (1,838,941) 4,642,932 3,775,042
Net cash settlements received (paid) on derivatives 900,650 (5,927,698) (2,091,003)
Net premiums (paid) received on derivative instruments (322,663) 14,200 (66,495)
Changes in other assets and liabilities:      
Accounts receivable 867,679 (168,978) (699,992)
Accounts payable (406,113) 181,459 456,988
Other current assets 93,787 48,576 (75,100)
Other items, net (171,721) 38,172 (48,604)
Net cash provided by operating activities 3,178,850 3,465,560 1,662,448
Cash flows from investing activities:      
Capital expenditures (2,019,037) (1,400,443) (1,055,128)
Cash paid for acquisitions, net of cash acquired (Note 6) (2,271,881) (205,347) (1,030,239)
Proceeds from sale/exchange of assets 4,200 8,572 2,452
Proceeds from sale of investment shares 0 189,249 24,369
Other investing activities (26,937) (13,784) (14,196)
Net cash used in investing activities (4,313,655) (1,421,753) (2,072,742)
Cash flows from financing activities:      
Proceeds from revolving credit facility borrowings 1,007,000 10,242,000 8,086,000
Repayment of revolving credit facility borrowings (1,007,000) (10,242,000) (8,386,000)
Proceeds from issuance of debt 1,250,000 1,000,000 1,000,000
Debt issuance costs (5,336) (26,506) (19,713)
Repayment and retirement of debt (1,015,836) (917,039) (154,336)
Discounts received (premiums paid) on debt extinguishment 5,178 (135,308) (9,599)
Dividends paid (228,339) (203,629) 0
Repurchase and retirement of common stock (201,029) (409,485) (12,922)
Net (distribution to) contribution from noncontrolling interest (7,322) 3,408 7,500
Other financing activities (40,178) (10,567) (4,883)
Net cash (used in) provided by financing activities (242,862) (699,126) 506,047
Net change in cash and cash equivalents (1,377,667) 1,344,681 95,753
Cash and cash equivalents at beginning of year 1,458,644 113,963 18,210
Cash and cash equivalents at end of year $ 80,977 $ 1,458,644 $ 113,963