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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