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Revenue from Contracts with Customers
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers
Note 3 - Revenue from Contracts with Customers
The Company recognizes its share of revenue from the sale of produced oil, gas, and NGLs from its Permian Basin, DJ Basin, South Texas, and Uinta Basin assets. Oil, gas, and NGL production revenue presented within the accompanying statements of operations reflects revenue generated from contracts with customers.
The table below presents oil, gas, and NGL production revenue by product type for each of the Company’s operating areas. The Permian Basin and DJ Basin amounts include activity related to the assets acquired in the Civitas Merger, which is reflected only for the portion of the quarter occurring after January 30, 2026.
Three Months Ended
March 31,
20262025
(in millions)
Oil production revenue
Permian Basin
$700$336
DJ Basin
267—
South Texas
96117
Uinta Basin
199205
Total
1,262658
Gas production revenue
Permian Basin
1356
DJ Basin
44—
South Texas
6054
Uinta Basin
79
Total124120
NGL production revenue
Permian Basin
16—
DJ Basin
31—
South Texas
4461
Uinta Basin
——
Total9161
Oil, Gas, and NGL production revenue
Permian Basin
729393
DJ Basin
342—
South Texas
200233
Uinta Basin
206214
Total$1,477$840
Relative percentage of total Oil, Gas, and NGL production revenue
Permian Basin
49%47%
DJ Basin
23%—%
South Texas
14%28%
Uinta Basin
14%25%
As of March 31, 2026, there were no material unsatisfied or partially unsatisfied performance obligations.
Accrued oil, gas, and NGL production revenue included within the accompanying balance sheets as of March 31, 2026, and December 31, 2025, was $699 million and $193 million, respectively.