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DERIVATIVES - Commodity Price Risk (Details) $ in Millions | 2 Months Ended | 10 Months Ended | 12 Months Ended
--- | --- | --- | ---
Dec. 31, 2020 USD ($) bbl / d $ / barrel | Oct. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Dec. 31, 2018 USD ($)
Derivatives |  |  |  |
Non-cash derivative (loss) gain | $ | $ (140) | $ (17) | $ (170) | $ 229
Net (payments) proceeds on settled commodity derivatives | $ | (1) | 108 | 111 | (228)
Net derivative (loss) gain from commodity contracts | $ | $ (141) | $ 91 | $ (59) | $ 1
Calls | Q1 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 19,028 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 47.88 |  |  |
Calls | Q2 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 33,372 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 48.64 |  |  |
Calls | Q3 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 35,202 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 49.83 |  |  |
Calls | Q4 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 10,645 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 56.00 |  |  |
Calls | 2022 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 30,783 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 59.37 |  |  |
Calls | January - October 2023 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 17,758 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 58.01 |  |  |
Puts | Purchased | Q1 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 39,148 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 41.88 |  |  |
Puts | Purchased | Q2 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 37,872 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 40.00 |  |  |
Puts | Purchased | Q3 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 36,617 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 40.00 |  |  |
Puts | Purchased | Q4 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 35,483 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 40.00 |  |  |
Puts | Purchased | 2022 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 30,783 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 40.00 |  |  |
Puts | Purchased | January - October 2023 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 17,758 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 40.00 |  |  |
Puts | Sold | Q1 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 15,659 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 35.97 |  |  |
Puts | Sold | Q2 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 15,149 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 31.41 |  |  |
Puts | Sold | Q3 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 14,647 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 30.00 |  |  |
Puts | Sold | Q4 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 14,193 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 32.00 |  |  |
Puts | Sold | 2022 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 3,042 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 32.00 |  |  |
Puts | Sold | January - October 2023 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 0 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 0 |  |  |
Swaps | Q1 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 7,830 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 43.74 |  |  |
Swaps | Q2 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 7,574 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 44.13 |  |  |
Swaps | Q3 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 7,323 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 43.82 |  |  |
Swaps | Q4 2021 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 7,097 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 45.30 |  |  |
Swaps | 2022 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 6,576 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 46.29 |  |  |
Swaps | January - October 2023 |  |  |  |
Derivatives |  |  |  |
Daily volume (in Bbl) | bbl / d | 5,919 |  |  |
Weighted-average price (in dollars per barrel) | $ / barrel | 47.57 |  |  |

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