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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of changes in unvested restricted stock

A summary of the changes in unvested RSUs is presented below:

						Unvested Restricted Stock Units						Weighted Average Grant Date Fair Value Per Share
						(in thousands)
Unvested as of February 10, 2021						—						$	—
Granted (a)						1,202						$	52.60
Vested (a)						(377)						$	65.66
Forfeited						(50)						$	44.37
Unvested as of December 31, 2021						775						$	46.77
Granted						666						$	81.87
Vested						(300)						$	48.11
Forfeited						(184)						$	56.54
Unvested as of December 31, 2022						957						$	68.91

_________________________________________

(a)Due to the Vine Acquisition, each Vine restricted stock unit was converted into a Company restricted stock unit. As a result, approximately 430 thousand Vine restricted stock units were converted to Company restricted stock units, of which approximately 375 thousand restricted stock units were accelerated. We recognized accelerated share-based compensation expense in other operating expense on our consolidated statement of operations.

The following table provides information related to restricted stock units activity for the Predecessor periods presented:

						Unvested Restricted Stock Units						Weighted Average Grant Date Fair Value Per Share
						(in thousands)
Unvested as of January 1, 2021						1						$	616.57
Granted						—						$	—
Vested						—						$	—
Forfeited/canceled						(1)						$	611.47
Unvested as of February 9, 2021						—						$	—
Unvested as of January 1, 2020						52						$	709.85
Granted						68						$	60.00
Vested						(21)						$	791.69
Forfeited						(98)						$	243.13
Unvested as of December 31, 2020						1						$	616.57

Schedule Valuation Assumptions

The following tables present the assumptions used in the valuation of the PSUs granted in the 2022 and 2021 Successor Periods.

2022 PSU Awards
Assumption			TSR, rTSR
Risk-free interest rate			2.00		%
Volatility			70.2		%
2021 PSU Awards
Assumption			TSR, rTSR						Share Price Hurdle
Risk-free interest rate			0.23		%				0.30		%
Volatility			71.4		%				68.4		%

Summary of the changes in unvested performance share

A summary of the changes in unvested PSUs is presented below:

						Unvested Performance Share Units						Weighted Average Grant Date Fair Value Per Share
						(in thousands)
Unvested as of February 10, 2021						—						$	—
Granted						201						$	64.41
Vested						(9)						$	38.95
Forfeited						(9)						$	55.42
Unvested as of December 31, 2021						183						$	66.12
Granted						133						$	109.65
Vested						—						$	—
Forfeited						(40)						$	57.48
Unvested as of December 31, 2022						276						$	88.28

Schedule of information related to stock option activity

The following table provides information related to stock option activity for the Predecessor periods presented:

						Number of Shares Underlying   Options						Weighted Average Exercise Price Per Share						Weighted   Average Contract Life in Years						Aggregate   Intrinsic Value(a)
						(in thousands)																		($ in millions)
Outstanding as of January 1, 2021						20						$	1,429.11					4.27						$	—
Granted						—						$	—
Exercised						—						$	—											$	—
Expired						(1)						$	741.86
Forfeited/canceled						(19)						$	1,452.40
Outstanding as of February 9, 2021						—						$	—					—						$	—
Exercisable as of February 9, 2021						—						$	—					—						$	—
Outstanding as of January 1, 2020						90						$	1,420.90					5.70						$	—
Granted						—						$	—
Exercised						—						$	—											$	—
Expired						(23)						$	914.50
Forfeited						(47)						$	1,666.21
Outstanding as of December 31, 2020						20						$	1,429.11					4.27						$	—
Exercisable as of December 31, 2020						19						$	1,439.55					4.35						$	—

___________________________________________

(a)The intrinsic value of a stock option is the amount by which the current market value or the market value upon exercise of the underlying stock exceeds the exercise price of the option.

Schedule of Share-based Compensation Arrangements

We recognized the following compensation costs, net of actual forfeitures, related to RSUs, stock options, and PSUs for the periods presented:

						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
General and administrative expenses						$	19					$	7								$	3					$	20
Natural gas and oil properties						4						2									—						1
Production expense						3						2									—						1
Total RSU, stock option and PSU compensation						$	26					$	11								$	3					$	22
Related income tax benefit						$	6					$	—								$	—					$	—

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Schedule of Share-based Payment Award, Valuation Assumptions

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Tabular disclosure of share-based payment arrangement.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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