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REVENUE RECOGNITION
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Crude oil, natural gas, and NGL sales revenue presented within the accompanying statements of operations is reflective of the revenue generated from contracts with customers. Revenue attributable to each identified revenue stream and operating region is disaggregated below (in millions):
Three Months Ended June 30,Six Months Ended June 30,
Sales by Commodity and Operating Region2025202420252024
Crude oil
Permian Basin$484 $646 $971 $1,230 
DJ Basin384 489 798 980 
Total868 1,135 1,769 2,210 
Natural gas
Permian Basin(3)(31)22 (18)
DJ Basin51 40 151 114 
Total48 9 173 96 
NGL
Permian Basin68 81 146 164 
DJ Basin70 86 158 169 
Total138 167 304 333 
Crude oil, natural gas, and NGL
Permian Basin549 696 1,139 1,376 
DJ Basin505 615 1,107 1,263 
Total$1,054 $1,311 $2,246 $2,639 
We record revenue in the month production is delivered to the purchaser. However, purchaser statements may not be received for one to two months after the date production is delivered, and as a result, we estimate the volume of production delivered to the purchaser and the price that will be received for the sale of the product. Generally, we record the differences between our estimates and the actual amounts received for product sales in the month that payment is received from the purchaser. Any identified differences between our revenue estimates and actual revenue received historically have not been significant. For the three and six months ended June 30, 2025 and 2024, revenue recognized in the reporting period related to performance obligations satisfied in prior reporting periods was not material.