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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 1 Months Ended 8 Months Ended 9 Months Ended
Feb. 09, 2021
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:      
Net income (loss) $ 5,383 $ (489) $ (9,334)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation, depletion and amortization 72 579 931
Deferred income tax benefit (57) 0 (10)
Derivative (gains) losses, net 382 1,604 (573)
Cash receipts (payments) on derivative settlements, net (17) (437) 890
Share-based compensation 3 5 16
Gains on sales of assets (5) (9) (1)
Impairments 0 1 8,522
Non-cash reorganization items, net (6,680) 0 (300)
Exploration 2 1 409
Gains on purchases or exchanges of debt 0 0 (65)
Other 45 10 (23)
Changes in assets and liabilities 851 (19) 693
Net cash provided by (used in) operating activities (21) 1,246 1,155
Cash flows from investing activities:      
Capital expenditures (66) (404) (973)
Proceeds from divestitures of property and equipment 0 9 15
Net cash used in investing activities (66) (395) (958)
Cash flows from financing activities:      
Proceeds from Exit Credit Facility - Tranche A Loans 0 30 0
Payments on Exit Credit Facility - Tranche A Loans (479) (80) 0
Proceeds from pre-petition revolving credit facility borrowings 0 0 3,806
Payments on pre-petition revolving credit facility borrowings 0 0 (3,467)
Proceeds from DIP Facility borrowings 0 0 60
Payments on DIP Facility borrowings (1,179) 0 (60)
Proceeds from issuance of senior notes, net 1,000 0 0
Proceeds from issuance of common stock 600 0 0
Proceeds from warrant exercise 0 2 0
Debt issuance and other financing costs (8) (3) (109)
Cash paid to purchase debt 0 0 (95)
Cash paid for common stock dividends 0 (67) 0
Cash paid for preferred stock dividends 0 0 (22)
Other 0 (1) (10)
Net cash provided by (used in) financing activities (66) (119) 103
Net increase (decrease) in cash, cash equivalents and restricted cash (153) 732 300
Cash, cash equivalents and restricted cash, beginning of period 279 126 6
Cash, cash equivalents and restricted cash, end of period 126 858 306
Cash and cash equivalents 40 849 306
Restricted cash 86 9 0
Total cash, cash equivalents and restricted cash 126 858 306
Supplemental cash flow information:      
Cash paid for reorganization items, net 66 65 118
Interest paid, net of capitalized interest 13 33 201
Income taxes paid, net of refunds received 0 (3) 1
Supplemental disclosure of significant non-cash investing and financing activities:      
Put option premium on equity backstop agreement 60 0 60
Operating lease obligations recognized 0 0 32
Change in accrued drilling and completion costs      
Supplemental disclosure of significant non-cash investing and financing activities:      
Change in accrued drilling and completion costs $ (5) $ 25 $ (206)