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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Industry segment results for the year ended December 31, 2023 are:
|  | Shale |  | Coalbed Methane |  | Other |  |  |  |  |  |  |  |  |  | Consolidated |
Natural Gas, NGLs and Oil Revenue |  | $ | 1,170,393 |  |  | $ | 130,763 |  |  | $ | 1,062 |  |  |  |  |  |  |  |  |  |  | $ | 1,302,218 |  | (A)
Purchased Gas Revenue |  | — |  |  | — |  |  | 74,218 |  |  |  |  |  |  |  |  |  |  | 74,218 |  |
Gain on Commodity Derivative Instruments |  | 151,408 |  |  | 11,554 |  |  | 1,765,690 |  |  |  |  |  |  |  |  |  |  | 1,928,652 |  |
Other Revenue and Operating Income |  | 66,559 |  |  | — |  |  | 63,301 |  |  |  |  |  |  |  |  |  |  | 129,860 |  | (B)
Total Revenue and Other Operating Income |  | $ | 1,388,360 |  |  | $ | 142,317 |  |  | $ | 1,904,271 |  |  |  |  |  |  |  |  |  |  | $ | 3,434,948 |  |
Total Operating Expense |  | $ | 746,050 |  |  | $ | 141,708 |  |  | $ | 304,351 |  |  |  |  |  |  |  |  |  |  | $ | 1,192,109 |  |
Earnings Before Income Tax |  | $ | 642,310 |  |  | $ | 609 |  |  | $ | 1,580,006 |  |  |  |  |  |  |  |  |  |  | $ | 2,222,925 |  |
Segment Assets |  | $ | 6,656,655 |  |  | $ | 948,795 |  |  | $ | 1,021,207 |  |  |  |  |  |  |  |  |  |  | $ | 8,626,657 |  | (C)
Depreciation, Depletion and Amortization |  | $ | 365,020 |  |  | $ | 50,052 |  |  | $ | 18,514 |  |  |  |  |  |  |  |  |  |  | $ | 433,586 |  |
Capital Expenditures |  | $ | 629,631 |  |  | $ | 36,804 |  |  | $ | 12,969 |  |  |  |  |  |  |  |  |  |  | $ | 679,404 |  |
(A) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $180,039 to Citadel Energy Marketing LLC and $165,465 to NRG Business Marketing LLC (formerly Direct Energy Business Marketing LLC), each of which comprises over 10% of revenue from contracts with external customers for the period. (B) Includes midstream revenue of $66,559 and equity in earnings of unconsolidated affiliates of $2,942 for Shale and Other, respectively. Other also includes sales of environmental attributes of $40,685. (C) Includes investments in unconsolidated equity affiliates of $13,682. Industry segment results for the year ended December 31, 2022 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  |  |  |  |  |  |  |  |  | Consolidated |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 3,334,677 |  |  | $ | 314,695 |  |  | $ | 2,740 |  |  |  |  |  |  |  |  |  |  | $ | 3,652,112 |  | (D)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 185,552 |  |  |  |  |  |  |  |  |  |  | 185,552 |  |
Loss on Commodity Derivative Instruments |  |  | (1,672,974) |  |  | (139,131) |  |  | (851,670) |  |  |  |  |  |  |  |  |  |  | (2,663,775) |  |
Other Revenue and Operating Income |  |  | 69,618 |  |  | — |  |  | 17,704 |  |  |  |  |  |  |  |  |  |  | 87,322 |  | (E)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 1,731,321 |  |  | $ | 175,564 |  |  | $ | (645,674) |  |  |  |  |  |  |  |  |  |  | $ | 1,261,211 |  |
Total Operating Expense |  |  | $ | 790,960 |  |  | $ | 131,426 |  |  | $ | 399,255 |  |  |  |  |  |  |  |  |  |  | $ | 1,321,641 |  |
Earnings (Loss) Before Income Tax |  |  | $ | 940,361 |  |  | $ | 44,138 |  |  | $ | (1,196,446) |  |  |  |  |  |  |  |  |  |  | $ | (211,947) |  |
Segment Assets |  |  | $ | 6,452,075 |  |  | $ | 959,126 |  |  | $ | 1,104,572 |  |  |  |  |  |  |  |  |  |  | $ | 8,515,773 |  | (F)
Depreciation, Depletion and Amortization |  |  | $ | 388,641 |  |  | $ | 53,201 |  |  | $ | 19,373 |  |  |  |  |  |  |  |  |  |  | $ | 461,215 |  |
Capital Expenditures |  |  | $ | 544,914 |  |  | $ | 15,043 |  |  | $ | 5,797 |  |  |  |  |  |  |  |  |  |  | $ | 565,754 |  |
(D) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $453,501 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (E) Includes midstream revenue of $69,618 and equity in earnings of unconsolidated affiliates of $1,412 for Shale and Other, respectively. (F) Includes investments in unconsolidated equity affiliates of $11,714. Industry segment results for the year ended December 31, 2021 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  |  |  |  |  | Consolidated |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 1,988,993 |  |  | $ | 193,578 |  |  | $ | 1,358 |  |  |  |  |  |  | $ | 2,183,929 |  | (G)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 99,713 |  |  |  |  |  |  | 99,713 |  |
Loss on Commodity Derivative Instruments |  |  | (492,526) |  |  | (46,304) |  |  | (1,093,903) |  |  |  |  |  |  | (1,632,733) |  |
Other Revenue and Operating Income |  |  | 81,267 |  |  | — |  |  | 24,616 |  |  |  |  |  |  | 105,883 |  | (H)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 1,577,734 |  |  | $ | 147,274 |  |  | $ | (968,216) |  |  |  |  |  |  | $ | 756,792 |  |
Total Operating Expense |  |  | $ | 804,004 |  |  | $ | 117,900 |  |  | $ | 312,970 |  |  |  |  |  |  | $ | 1,234,874 |  |
Earnings (Loss) Before Income Tax |  |  | $ | 773,730 |  |  | $ | 29,374 |  |  | $ | (1,439,617) |  |  |  |  |  |  | $ | (636,513) |  |
Segment Assets |  |  | $ | 6,071,495 |  |  | $ | 1,047,851 |  |  | $ | 981,405 |  |  |  |  |  |  | $ | 8,100,751 |  | (I)
Depreciation, Depletion and Amortization |  |  | $ | 440,024 |  |  | $ | 58,602 |  |  | $ | 16,492 |  |  |  |  |  |  | $ | 515,118 |  |
Capital Expenditures |  |  | $ | 453,603 |  |  | $ | 10,880 |  |  | $ | 1,378 |  |  |  |  |  |  | $ | 465,861 |  |
(G) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $334,407 to Citadel Energy Marketing LLC and $235,760 to Direct Energy Business Marketing LLC, each of which comprises over 10% of revenue from contracts with external customers for the period. (H) Includes midstream revenue of $81,267 and equity in earnings of unconsolidated affiliates of $5,780 for Shale and Other, respectively. (I) Includes investments in unconsolidated equity affiliates of $17,301.
Reconciliation of Revenue from Segments to Consolidated | Revenue and Other Operating Income:
|  | For the Years Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Total Segment Revenue from Contracts with External Customers |  | $ | 1,442,995 |  |  | $ | 3,907,282 |  |  | $ | 2,364,909 |
Gain (Loss) on Commodity Derivative Instruments |  | 1,928,652 |  |  | (2,663,775) |  |  | (1,632,733) |
Other Operating Income |  | 63,301 |  |  | 17,704 |  |  | 24,616 |
Total Consolidated Revenue and Other Operating Income |  | $ | 3,434,948 |  |  | $ | 1,261,211 |  |  | $ | 756,792 |

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