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Derivative and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Estimated Fair Values of Our Natural Gas and Oil Derivative Instrument Assets (Liabilities) | The estimated fair values of our natural gas and oil derivative instrument assets (liabilities) as of September 30, 2023 and December 31, 2022 are provided below:
|  | September 30, 2023 |  | December 31, 2022
|  | Notional Volume |  | Fair Value |  | Notional Volume |  | Fair Value
Natural gas (Bcf): |  |  |  |  |  |  |  |
Fixed-price swaps |  | 370 |  |  | $ | — |  |  | 382 |  |  | $ | (494) |
Collars |  | 589 |  |  | 338 |  |  | 721 |  |  | 49 |
Three-way collars |  | 1 |  |  | 1 |  |  | 4 |  |  | (2) |
Call options |  | — |  |  | — |  |  | 18 |  |  | (22) |
Basis protection swaps |  | 572 |  |  | (8) |  |  | 652 |  |  | (32) |
Total natural gas |  | 1,532 |  |  | 331 |  |  | 1,777 |  |  | (501) |
Oil (MMBbls): |  |  |  |  |  |  |  |
Fixed-price swaps |  | — |  |  | — |  |  | 1 |  |  | (32) |
Collars |  | — |  |  | — |  |  | 2 |  |  | 7 |
Basis protection swaps |  | — |  |  | — |  |  | 6 |  |  | 1 |
Total oil |  | — |  |  | — |  |  | 9 |  |  | (24) |
Total estimated fair value |  |  |  | $ | 331 |  |  |  |  | $ | (525) |
Schedule of Effect of Derivative Instruments, Condensed Consolidated Balance Sheets | The following table presents the fair value and location of each classification of derivative instrument included in the condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022 on a gross basis and after same-counterparty netting:
|  | Gross Fair Value(a) |  | Amounts Netted in the Condensed Consolidated Balance Sheets |  | Net Fair Value Presented in the Condensed Consolidated Balance Sheets
As of September 30, 2023 |  |  |  |  |  |
Commodity Contracts: |  |  |  |  |  |
Short-term derivative asset |  | $ | 434 |  |  | $ | (73) |  |  | $ | 361 |
Long-term derivative asset |  | 60 |  |  | (30) |  |  | 30 |
Short-term derivative liability |  | (93) |  |  | 73 |  |  | (20) |
Long-term derivative liability |  | (70) |  |  | 30 |  |  | (40) |
Total derivatives |  | $ | 331 |  |  | $ | — |  |  | $ | 331 |
As of December 31, 2022 |  |  |  |  |  |
Commodity Contracts: |  |  |  |  |  |
Short-term derivative asset |  | $ | 200 |  |  | $ | (166) |  |  | $ | 34 |
Long-term derivative asset |  | 87 |  |  | (40) |  |  | 47 |
Short-term derivative liability |  | (598) |  |  | 166 |  |  | (432) |
Long-term derivative liability |  | (214) |  |  | 40 |  |  | (174) |
Total derivatives |  | $ | (525) |  |  | $ | — |  |  | $ | (525) |
___________________________________________ (a)These financial assets (liabilities) are measured at fair value on a recurring basis utilizing significant other observable inputs; see further discussion on fair value measurements below.

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