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Supplemental Disclosures About Natural Gas, Oil and NGL Producing Activities (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2022
Extractive Industries [Abstract] |
Schedule of capitalized costs | Capitalized costs related to our natural gas, oil and NGL producing activities are summarized as follows:
|  | Successor
|  | December 31, 2022 |  | December 31, 2021
Natural gas and oil properties: |  |  |  |
Proved |  | $ | 11,096 |  |  | $ | 7,682 |
Unproved |  | 2,022 |  |  | 1,530 |
Total |  | 13,118 |  |  | 9,212 |
Less accumulated depreciation, depletion and amortization |  | (2,373) |  |  | (882) |
Net capitalized costs |  | $ | 10,745 |  |  | $ | 8,330 |
Schedule of exploration expense and cost incurred | Costs incurred in natural gas and oil property acquisition, exploration and development, including capitalized interest and asset retirement costs, are summarized as follows:
|  | Successor |  |  | Predecessor
|  | Year Ended December 31, 2022 |  | Period from February 10, 2021 through December 31, 2021 |  |  | Period from January 1, 2021 through February 9, 2021 |  | Year Ended December 31, 2020
Acquisition of properties(a): |  |  |  |  |  |  |  |  |
Proved properties |  | $ | 2,321 |  |  | $ | 2,183 |  |  |  | $ | — |  |  | $ | 3 |
Unproved properties |  | 795 |  |  | 1,121 |  |  |  | — |  |  | 6 |
Exploratory costs |  | 15 |  |  | 31 |  |  |  | — |  |  | 8 |
Development costs |  | 1,918 |  |  | 717 |  |  |  | 58 |  |  | 887 |
Costs incurred |  | $ | 5,049 |  |  | $ | 4,052 |  |  |  | $ | 58 |  |  | $ | 904 |
___________________________________________ (a) Includes $2.31 billion and $0.79 billion of proved and unproved property acquisitions, respectively, related to our Marcellus Acquisition in 2022. Includes $2.18 billion and $1.10 billion of proved and unproved property acquisitions, respectively, related to our Vine Acquisition in 2021.
Schedule of revenues and expenses | The following table includes revenues and expenses associated directly with our natural gas, oil and NGL producing activities for the periods presented. It does not include any derivative activity, interest costs or indirect general and administrative costs and, therefore, is not necessarily indicative of the contribution to consolidated net operating results of our natural gas, oil and NGL operations.
|  | Successor |  |  | Predecessor
|  | Year Ended December 31, 2022 |  | Period from February 10, 2021 through December 31, 2021 |  |  | Period from January 1, 2021 through February 9, 2021 |  | Year Ended December 31, 2020
Natural gas, oil and NGL sales |  | $ | 9,892 |  |  | $ | 4,401 |  |  |  | $ | 398 |  |  | $ | 2,745 |
Production expenses |  | (475) |  |  | (297) |  |  |  | (32) |  |  | (373) |
Gathering, processing and transportation expenses |  | (1,059) |  |  | (780) |  |  |  | (102) |  |  | (1,082) |
Severance and ad valorem taxes |  | (242) |  |  | (158) |  |  |  | (18) |  |  | (149) |
Exploration |  | (23) |  |  | (7) |  |  |  | (2) |  |  | (427) |
Depletion and depreciation |  | (1,703) |  |  | (882) |  |  |  | (64) |  |  | (1,014) |
Accretion of asset retirement obligations |  | (17) |  |  | (11) |  |  |  | (1) |  |  | (12) |
Impairment of natural gas and oil properties |  | — |  |  | — |  |  |  | — |  |  | (8,446) |
Imputed income tax provision(a) |  | (1,440) |  |  | (535) |  |  |  | (42) |  |  | 1,988 |
Results of operations from natural gas, oil and NGL producing activities |  | $ | 4,933 |  |  | $ | 1,731 |  |  |  | $ | 137 |  |  | $ | (6,770) |
___________________________________________ (a) The imputed income tax provision is hypothetical (at the statutory tax rate) and determined without regard to our deduction for general and administrative expenses, interest costs and other income tax credits and deductions, nor whether the hypothetical tax provision (benefit) will be payable (receivable).
Schedule of changes in estimated reserves | Presented below is a summary of changes in estimated proved reserves for the periods presented:
|  | Natural Gas |  | Oil |  | NGL |  | Total
|  | (bcf) |  | (mmbbl) |  | (mmbbl) |  | (bcfe)
December 31, 2022 |  |  |  |  |  |  |  |
Proved reserves, beginning of period (Successor) |  | 7,824 |  |  | 209.7 |  |  | 82.0 |  |  | 9,573 |
Extensions, discoveries and other additions |  | 60 |  |  | 2.1 |  |  | 1.5 |  |  | 82 |
Revisions of previous estimates |  | 1,989 |  |  | 22.5 |  |  | 5.0 |  |  | 2,155 |
Production |  | (1,308) |  |  | (19.4) |  |  | (6.0) |  |  | (1,461) |
Sale of reserves-in-place |  | (122) |  |  | (16.5) |  |  | (8.6) |  |  | (273) |
Purchase of reserves-in-place |  | 2,926 |  |  | — |  |  | — |  |  | 2,926 |
Proved reserves, end of period (Successor) |  | 11,369 |  |  | 198.4 |  |  | 73.9 |  |  | 13,002 |
Proved developed reserves: |  |  |  |  |  |  |  |
Beginning of period (Successor) |  | 4,246 |  |  | 165.7 |  |  | 61.7 |  |  | 5,610 |
End of period (Successor) |  | 7,385 |  |  | 157.2 |  |  | 58.9 |  |  | 8,681 |
Proved undeveloped reserves: |  |  |  |  |  |  |  |
Beginning of period (Successor) |  | 3,578 |  |  | 44.0 |  |  | 20.3 |  |  | 3,963 |
End of period(a) (Successor) |  | 3,984 |  |  | 41.2 |  |  | 15.0 |  |  | 4,321 |
|  | Natural Gas |  | Oil |  | NGL |  | Total
|  | (bcf) |  | (mmbbl) |  | (mmbbl) |  | (bcfe)
December 31, 2021 |  |  |  |  |  |  |  |
Proved reserves, beginning of period (Predecessor) |  | 3,530 |  |  | 161.3 |  |  | 52.0 |  |  | 4,809 |
Extensions, discoveries and other additions |  | 1,744 |  |  | 41.0 |  |  | 16.9 |  |  | 2,091 |
Revisions of previous estimates |  | 1,522 |  |  | 33.3 |  |  | 21.1 |  |  | 1,848 |
Production |  | (807) |  |  | (25.9) |  |  | (8.0) |  |  | (1,010) |
Sale of reserves-in-place |  | — |  |  | — |  |  | — |  |  | — |
Purchase of reserves-in-place |  | 1,835 |  |  | — |  |  | — |  |  | 1,835 |
Proved reserves, end of period (Successor) |  | 7,824 |  |  | 209.7 |  |  | 82.0 |  |  | 9,573 |
Proved developed reserves: |  |  |  |  |  |  |  |
Beginning of period (Predecessor) |  | 3,196 |  |  | 158.1 |  |  | 51.4 |  |  | 4,452 |
End of period (Successor) |  | 4,246 |  |  | 165.7 |  |  | 61.7 |  |  | 5,610 |
Proved undeveloped reserves: |  |  |  |  |  |  |  |
Beginning of period (Predecessor) |  | 334 |  |  | 3.2 |  |  | 0.6 |  |  | 357 |
End of period(a) (Successor) |  | 3,578 |  |  | 44.0 |  |  | 20.3 |  |  | 3,963 |
December 31, 2020 |  |  |  |  |  |  |  |
Proved reserves, beginning of period (Predecessor) |  | 6,566 |  |  | 358.0 |  |  | 120.0 |  |  | 9,434 |
Extensions, discoveries and other additions |  | 100 |  |  | 1.1 |  |  | 0.4 |  |  | 109 |
Revisions of previous estimates |  | (2,326) |  |  | (148.2) |  |  | (50.6) |  |  | (3,519) |
Production |  | (684) |  |  | (37.3) |  |  | (11.3) |  |  | (976) |
Sale of reserves-in-place |  | (126) |  |  | (12.3) |  |  | (6.5) |  |  | (239) |
Purchase of reserves-in-place |  | — |  |  | — |  |  | — |  |  | — |
Proved reserves, end of period (Predecessor) |  | 3,530 |  |  | 161.3 |  |  | 52.0 |  |  | 4,809 |
Proved developed reserves: |  |  |  |  |  |  |  |
Beginning of period (Predecessor) |  | 3,377 |  |  | 201.4 |  |  | 82.1 |  |  | 5,078 |
End of period (Predecessor) |  | 3,196 |  |  | 158.1 |  |  | 51.4 |  |  | 4,452 |
Proved undeveloped reserves: |  |  |  |  |  |  |  |
Beginning of period (Predecessor) |  | 3,189 |  |  | 156.6 |  |  | 37.9 |  |  | 4,356 |
End of period(a) (Predecessor) |  | 334 |  |  | 3.2 |  |  | 0.6 |  |  | 357 |
___________________________________________ (a) As of December 31, 2022, 2021 and 2020, there were no PUDs that had remained undeveloped for five years or more.
Schedule of future net cash flows relating to proved natural gas, oil and NGL reserves based on the standardized measure | The following summary sets forth our future net cash flows relating to proved natural gas, oil and NGL reserves based on the standardized measure:
|  | Years Ended December 31, |
|  | 2022 |  | 2021 |  | 2020 |
Future cash inflows |  | $ | 76,626 |  | (a) | $ | 33,700 |  | (b) | $ | 8,247 |  | (c)
Future production costs |  | (10,177) |  |  | (6,735) |  |  | (2,963) |  |
Future development costs |  | (5,343) |  | (d) | (3,687) |  | (e) | (563) |  | (f)
Future income tax provisions |  | (10,440) |  |  | (2,254) |  |  | (9) |  |
Future net cash flows |  | 50,666 |  |  | 21,024 |  |  | 4,712 |  |
Less effect of a 10% discount factor |  | (24,361) |  |  | (8,737) |  |  | (1,626) |  |
Standardized measure of discounted future net cash flows |  | $ | 26,305 |  |  | $ | 12,287 |  |  | $ | 3,086 |  |
___________________________________________ (a) Calculated using prices of $6.36 per mcf of natural gas, $93.67 per bbl of oil and $43.58 per bbl of NGL, before basis differential adjustments. (b) Calculated using prices of $3.60 per mcf of natural gas, $66.56 per bbl of oil and $35.81 per bbl of NGL, before basis differential adjustments. (c) Calculated using prices of $1.98 per mcf of natural gas, $39.57 per bbl of oil and $17.32 per bbl of NGL, before basis differential adjustments. (d) Included approximately $979 million of future plugging and abandonment costs as of December 31, 2022. (e) Included approximately $846 million of future plugging and abandonment costs as of December 31, 2021. (f) Included approximately $429 million of future plugging and abandonment costs as of December 31, 2020.
Sources of change in standardized measure of discounted future net cash flow | The principal sources of change in the standardized measure of discounted future net cash flows are as follows:
|  | Years Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Standardized measure, beginning of period(a) |  | $ | 12,287 |  |  | $ | 3,086 |  |  | $ | 9,000 |
Sales of natural gas and oil produced, net of production costs and gathering processing and transportation(b) |  | (8,116) |  |  | (3,414) |  |  | (1,140) |
Net changes in prices and production costs |  | 14,256 |  |  | 6,674 |  |  | (5,576) |
Extensions and discoveries, net of production and development costs |  | 251 |  |  | 2,834 |  |  | 71 |
Changes in estimated future development costs |  | (1,512) |  |  | (459) |  |  | 1,933 |
Previously estimated development costs incurred during the period |  | 690 |  |  | 130 |  |  | 665 |
Revisions of previous quantity estimates |  | 6,697 |  |  | 2,034 |  |  | (1,839) |
Purchase of reserves-in-place |  | 7,047 |  |  | 2,807 |  |  | — |
Sales of reserves-in-place |  | (402) |  |  | — |  |  | (112) |
Accretion of discount |  | 1,371 |  |  | 309 |  |  | 902 |
Net change in income taxes |  | (4,972) |  |  | (1,423) |  |  | 14 |
Changes in production rates and other |  | (1,292) |  |  | (291) |  |  | (832) |
Standardized measure, end of period(a) |  | $ | 26,305 |  |  | $ | 12,287 |  |  | $ | 3,086 |
___________________________________________ (a) The impact of cash flow hedges has not been included in any of the periods presented. (b) Excludes gains and losses on derivatives. Production costs includes severance and ad valorem taxes.

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- Definition Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Form 20-F -Section Item 18 -Subsection Instruction 2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e61884-109447 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e61858-109447 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e61872-109447 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e61831-109447 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e61797-109447 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e61869-109447 + Details
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- Definition Tabular disclosure of the future net cash flows relating to proved oil and gas reserves and oil and gas subject to purchase under long-term agreements in which the enterprise participates in the operation of the properties on which the oil and gas is located or otherwise serves as the producer. This information is presented in aggregate and for each geographic area for which reserve quantities are disclosed. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Form 20-F -Section Item 18 -Subsection Instruction 2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 32 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e62476-109447 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 36 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e62536-109447 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 55 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=34713648&loc=d3e63094-109448 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e62424-109447 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 33 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e62479-109447 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e62455-109447 + Details
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