Chord Energy (CHRD) 10-Q 4 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	Apr. 27, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	1-34776
Entity Registrant Name	Chord Energy Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	80-0554627
Entity Address, Address Line One	1001 Fannin Street
Entity Address, Address Line Two	Suite 1500
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77002
City Area Code	281
Local Phone Number	404-9500
Title of 12(b) Security	Common Stock
Trading Symbol	CHRD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	true
Entity Common Stock, Shares Outstanding		41,549,926
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001486159
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 592,300	$ 593,151
Accounts receivable, net	790,989	781,738
Inventory	60,887	54,411
Prepaid expenses	29,180	17,624
Derivative instruments	24,728	23,735
Other current assets	32	11,853
Total current assets	1,498,116	1,482,512
Property, plant and equipment
Oil and gas properties (successful efforts method)	5,320,711	5,120,121
Other property and equipment	69,011	72,973
Less: accumulated depreciation, depletion and amortization	(611,716)	(481,751)
Total property, plant and equipment, net	4,778,006	4,711,343
Derivative instruments	38,231	37,965
Investment in unconsolidated affiliate	112,997	130,575
Long-term inventory	20,669	22,009
Operating right-of-use assets	22,501	23,875
Deferred tax assets	126,304	200,226
Other assets	18,579	22,576
Total assets	6,615,403	6,631,081
Current liabilities
Accounts payable	7,909	29,056
Revenues and production taxes payable	568,387	607,964
Accrued liabilities	481,764	362,454
Accrued interest payable	9,597	3,172
Derivative instruments	175,622	341,541
Advances from joint interest partners	3,087	3,736
Current operating lease liabilities	11,589	9,941
Other current liabilities	10,132	3,469
Total current liabilities	1,268,087	1,361,333
Long-term debt	394,626	394,209
Asset retirement obligations	148,137	146,029
Derivative instruments	260	2,829
Operating lease liabilities	22,267	13,266
Other liabilities	23,286	33,617
Total liabilities	1,856,663	1,951,283
Commitments and contingencies (Note 19)
Stockholders’ equity
Common stock, $0.01 par value: 120,000,000 shares authorized; 43,897,964 shares issued and 41,538,209 shares outstanding at March 31, 2023; and 120,000,000 shares authorized, 43,726,181 shares issued and 41,477,093 shares outstanding at December 31, 2022	439	438
Treasury stock, at cost: 2,359,755 shares at March 31, 2023 and 2,249,088 shares at December 31, 2022	(266,953)	(251,950)
Additional paid-in capital	3,487,648	3,485,819
Retained earnings	1,537,606	1,445,491
Total stockholders’ equity	4,758,740	4,679,798
Total liabilities and stockholders’ equity	$ 6,615,403	$ 6,631,081

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	43,897,964	43,726,181
Common stock, shares outstanding (in shares)	41,538,209	41,477,093
Treasury stock, shares (in shares)	2,359,755	2,249,088

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues
Total revenues	$ 896,517	$ 652,969
Total revenues
Lease operating expenses	153,408	63,187
Gathering, processing and transportation expenses	37,015	32,398
Production taxes	60,517	35,858
Depreciation, depletion and amortization	133,791	44,673
General and administrative expenses	32,484	24,367
Total operating expenses	571,672	362,620
Gain on sale of assets, net	1,227	1,521
Operating income	326,072	291,870
Other income (expense)
Net gain (loss) on derivative instruments	66,934	(367,922)
Net gain (loss) from investment in unconsolidated affiliate	(2,216)	60,137
Interest expense, net of capitalized interest	(7,135)	(7,216)
Other income	5,193	1,754
Total other income (expense), net	62,776	(313,247)
Income (loss) from continuing operations before income taxes	388,848	(21,377)
Income tax (expense) benefit	(91,849)	1,826
Net income (loss) from continuing operations	296,999	(19,551)
Income from discontinued operations attributable to Chord, net of income tax	0	485,554
Net income attributable to Chord	$ 296,999	$ 466,003
Basic earnings (loss) attributable to Chord per share:
Basic from continuing operations (in dollars per share)	$ 7.13	$ (1.01)
Basic from discontinued operations (in dollars per share)	0	25.15
Basic total (Note 18) (in dollars per share)	7.13	24.14
Diluted earnings (loss) attributable to Chord per share:
Diluted from continuing operations (in dollars per share)	6.87	(1.01)
Diluted from discontinued operations (in dollars per share)	0	25.15
Diluted total (Note 18) (in dollars per share)	$ 6.87	$ 24.14
Weighted average shares outstanding:
Basic (Note 18) (in shares)	41,568	19,306
Diluted (Note 18) (in shares)	43,149	19,306
Oil and Gas Services
Revenues
Total revenues	$ 766,200	$ 493,502
Total revenues
Exploration and impairment	24,864	510
Purchased Oil and Gas
Revenues
Total revenues	130,317	159,467
Total revenues
Expenses	$ 129,593	$ 161,627

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Non-controlling Interests
Beginning balance, common stock (in shares) at Dec. 31, 2021		19,276,000
Beginning balance at Dec. 31, 2021	$ 1,221,573	$ 200	$ (100,000)	$ 863,010	$ 269,690	$ 188,673
Beginning balance, treasury stock (in shares) at Dec. 31, 2021			871,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation (in shares)		94,000
Stock-based compensation and vesting's and Equity-based compensation	4,848			4,800		48
Tax withholdings on settlement of equity awards and Modification of equity-based awards	(226)			(226)
Dividends	$ (73,074)				(73,074)
Share repurchases (in shares)	0
Warrants exercised (in shares)		233,000
Warrants exercised	$ 15,692	$ 3		15,689
Tax withholdings on settlement of equity-based awards (in shares)		31,000	31,000
Tax withholdings on settlement of equity-based awards	(4,132)		$ (4,132)
OMP Merger	(191,032)					(191,032)
Net income	468,314				466,003	2,311
Ending balance, common stock (in shares) at Mar. 31, 2022		19,572,000
Ending balance at Mar. 31, 2022	$ 1,441,963	$ 203	$ (104,132)	883,273	662,619	$ 0
Ending balance, treasury stock (in shares) at Mar. 31, 2022			902,000
Beginning balance, common stock (in shares) at Dec. 31, 2022	41,477,093	41,477,000
Beginning balance at Dec. 31, 2022	$ 4,679,798	$ 438	$ (251,950)	3,485,819	1,445,491
Beginning balance, treasury stock (in shares) at Dec. 31, 2022	2,249,088		2,249,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation (in shares)		210,000
Stock-based compensation and vesting's and Equity-based compensation	$ 11,854	$ 2		11,852
Dividends	$ (204,884)				(204,884)
Share repurchases (in shares)	110,667	111,000	111,000
Share repurchases	$ (15,003)		$ (15,003)
Warrants exercised (in shares)	82,954	39,000
Warrants exercised	$ 276			276
Tax withholdings on settlement of equity-based awards (in shares)		77,000
Tax withholdings on settlement of equity-based awards	(10,300)	$ (1)		(10,299)
Net income	$ 296,999				296,999
Ending balance, common stock (in shares) at Mar. 31, 2023	41,538,209	41,538,000
Ending balance at Mar. 31, 2023	$ 4,758,740	$ 439	$ (266,953)	$ 3,487,648	$ 1,537,606
Ending balance, treasury stock (in shares) at Mar. 31, 2023	2,359,755		2,360,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income including non-controlling interests	$ 296,999	$ 468,314
Adjustments to reconcile net income including non-controlling interests to net cash provided by operating activities:
Depreciation, depletion and amortization	133,791	44,673
Gain on sale of assets	(1,227)	(520,421)
Impairment	23,304	0
Deferred income taxes	73,923	(7)
Net (gain) loss on derivative instruments	(66,934)	367,922
Net (gain) loss from investment in unconsolidated affiliate	2,216	(60,137)
Equity-based compensation expenses	11,854	4,848
Deferred financing costs amortization and other	(3,791)	3,433
Working capital and other changes:
Change in accounts receivable, net	(14,657)	(111,813)
Change in inventory	(12,753)	667
Change in prepaid expenses	1,211	(369)
Change in accounts payable, interest payable and accrued liabilities	8,176	52,122
Change in other assets and liabilities, net	16,699	16,348
Net cash provided by operating activities	468,811	265,580
Cash flows from investing activities:
Capital expenditures	(172,328)	(48,831)
Proceeds from divestitures, net of cash divested	7,034	147,056
Costs related to divestitures	0	(11,368)
Derivative settlements	(91,656)	(70,670)
Proceeds from sale of investment in unconsolidated affiliate	12,347	0
Distributions from investment in unconsolidated affiliate	3,015	13,116
Net cash provided by (used in) investing activities	(241,588)	29,303
Cash flows from financing activities:
Proceeds from revolving credit facilities	0	15,000
Deferred financing costs	0	(9)
Repurchases of common stock	(15,003)	0
Tax withholding on vesting of equity-based awards	(10,300)	(4,132)
Dividends paid	(202,473)	(70,579)
Payments on finance lease liabilities	(388)	(229)
Proceeds from warrants exercised	90	457
Net cash used in financing activities	(228,074)	(59,492)
Increase (decrease) in cash and cash equivalents	(851)	235,391
Cash and cash equivalents:
Beginning of period	593,151	174,783
End of period	592,300	410,174
Supplemental non-cash transactions:
Change in accrued capital expenditures	46,097	17,504
Change in asset retirement obligations	234	(428)
Investment in unconsolidated affiliate	$ 0	$ 568,312

Organization and Operations of

Organization and Operations of the Company	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Operations of the Company	Organization and Operations of the Company Chord Energy Corporation (together with its consolidated subsidiaries, the “Company” or “Chord”) is an independent exploration and production (“E&P”) company with quality and sustainable long-lived assets in the Williston Basin. The Company, formerly known as Oasis Petroleum Inc. (“Oasis”), was established upon the completion of the merger of equals (the “Merger”) with Whiting Petroleum Corporation (“Whiting”) on July 1, 2022. Whiting was an independent oil and gas company engaged in the development, production and acquisition of crude oil, natural gas liquids (“NGL”) and natural gas primarily in the Rocky Mountains region of the United States. The Merger was accounted for under the acquisition method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, Business Combinations (“ASC 805”). Accordingly, unless otherwise specifically noted herein, the periods prior to July 1, 2022 report the financial results of legacy Oasis, while the periods as of and subsequent to July 1, 2022 report the financial results of Chord, which include the operating results of Whiting and the associated impacts from the Merger.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have not been audited by the Company’s independent registered public accounting firm, except that the Condensed Consolidated Balance Sheet at December 31, 2022 is derived from audited financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary for the fair statement of the Company’s financial position, have been included. Management has made certain estimates and assumptions that affect reported amounts in the unaudited condensed consolidated financial statements and disclosures of contingencies. Actual results may differ from those estimates. The results for interim periods are not necessarily indicative of annual results. These interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain disclosures have been condensed or omitted from these financial statements. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete consolidated financial statements and should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 (“2022 Annual Report”). Risks and Uncertainties As a producer of crude oil, NGLs and natural gas, the Company’s revenue, profitability and future growth are substantially dependent upon the prevailing and future prices for crude oil, NGLs and natural gas, which are dependent upon numerous factors beyond its control such as economic, political and regulatory developments and competition from other energy sources. The energy markets have historically been very volatile, and there can be no assurance that the prices for crude oil, NGLs or natural gas will not be subject to wide fluctuations in the future. A substantial or extended decline in prices for crude oil and, to a lesser extent, NGLs and natural gas, could have a material adverse effect on the Company’s financial position, results of operations, cash flows, the quantities of crude oil, NGLs and natural gas reserves that may be economically produced and the Company’s access to capital. Cash Equivalents The Company invests in certain money market funds, commercial paper and time deposits, all of which are stated at fair value or cost which approximates fair value due to the short-term maturity of these investments. The Company classifies all such investments with original maturity dates less than 90 days as cash equivalents. While the Company may maintain balances of cash and cash equivalents in excess of amounts that are federally insured by the Federal Deposit Insurance Corporation, the Company invests with financial institutions that it believes are creditworthy and has not experienced any material losses in such accounts. Significant Accounting Policies

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenues from contracts with customers were as follows for the periods presented: Three Months Ended March 31, 2023 2022 (In thousands) Crude oil revenues $ 650,908 $ 385,908 Purchased crude oil sales 109,265 122,172 NGL and natural gas revenues 115,292 107,594 Purchased NGL and natural gas sales 21,052 37,295 Total revenues $ 896,517 $ 652,969 The Company records revenue when the performance obligations under the terms of its customer contracts are satisfied. For sales of commodities, the Company records revenue in the month the production or purchased product is delivered to the purchaser. However, settlement statements and payments are typically not received for 20 to 90 days after the date production is delivered, and as a result, the Company is required to estimate the amount of production that was delivered to the purchaser and the price that will be received for the sale of the product. The Company uses knowledge of its properties, its properties’ historical performance, spot market prices and other factors as the basis for these estimates. The Company records the differences between estimates and the actual amounts received for product sales once payment is received from the purchaser. In certain cases, the Company is required to estimate these volumes during a reporting period and record any differences between the estimated volumes and actual volumes in the following reporting period. Differences between estimated and actual revenues have historically not been significant. For the three months ended March 31, 2023 and 2022, revenue recognized related to performance obligations satisfied in prior reporting periods was not material.

Inventory

Inventory	3 Months Ended
	Mar. 31, 2023
Inventory Disclosure [Abstract]
Inventory	Inventory The following table sets forth the Company’s inventory: March 31, 2023 December 31, 2022 (In thousands) Inventory Equipment and materials $ 20,961 $ 21,097 Crude oil inventory 39,926 33,314 Total inventory 60,887 54,411 Long-term inventory Linefill in third-party pipelines 20,669 22,009 Total long-term inventory 20,669 22,009 Total $ 81,556 $ 76,420

Additional Balance Sheet Inform

Additional Balance Sheet Information	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Balance Sheet Information	Additional Balance Sheet Information The following table sets forth certain balance sheet amounts comprised of the following: March 31, 2023 December 31, 2022 (In thousands) Accounts receivable, net Trade and other accounts $ 679,307 $ 661,121 Joint interest accounts 117,280 127,772 Total accounts receivable 796,587 788,893 Less: allowance for credit losses (5,598) (7,155) Total accounts receivable, net $ 790,989 $ 781,738 Accrued liabilities Accrued oil and gas marketing $ 182,544 $ 127,240 Accrued capital costs 132,318 76,747 Accrued lease operating expenses 85,844 73,714 Accrued general and administrative expenses 24,333 42,259 Current portion of asset retirement obligations 18,552 19,376 Accrued dividends 15,754 5,873 Other accrued liabilities 22,419 17,245 Total accrued liabilities $ 481,764 $ 362,454

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s financial instruments, including certain cash and cash equivalents, accounts receivable, accounts payable and other payables, are carried at cost, which approximates their respective fair market values due to their short-term maturities. The Company recognizes its non-financial assets and liabilities, such as asset retirement obligations (“ARO”) and properties acquired in a business combination or upon impairment at fair value on a non-recurring basis. Financial Assets and Liabilities Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. The following tables set forth by level, within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis: Fair value at March 31, 2023 Level 1 Level 2 Level 3 Total (In thousands) Assets: Commodity derivative contracts (see Note 7) $ — $ 945 $ — $ 945 Contingent consideration (see Note 7) — 62,014 — 62,014 Investment in unconsolidated affiliate (see Note 12 ) 112,997 — — 112,997 Total assets $ 112,997 $ 62,959 $ — $ 175,956 Liabilities: Commodity derivative contracts (see Note 7) $ — $ 172,345 $ 3,537 $ 175,882 Total liabilities $ — $ 172,345 $ 3,537 $ 175,882 Fair value at December 31, 2022 Level 1 Level 2 Level 3 Total (In thousands) Assets: Commodity derivative contracts (see Note 7) $ — $ 780 $ — $ 780 Contingent consideration (see Note 7) — 60,920 — 60,920 Investment in unconsolidated affiliate (see Note 12) 130,575 — — 130,575 Total assets $ 130,575 $ 61,700 $ — $ 192,275 Liabilities: Commodity derivative contracts (see Note 7) $ — $ 329,676 $ 14,694 $ 344,370 Total liabilities $ — $ 329,676 $ 14,694 $ 344,370 Commodity derivative contracts . The Company enters into commodity derivative contracts to manage risks related to changes in crude oil, NGL and natural gas prices. The Company’s swaps, collars and basis swaps are valued by a third-party preparer based on an income approach. The significant inputs used are commodity prices, discount rate and the contract terms of the derivative instruments. These assumptions are observable in the marketplace throughout the full term of the contract, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace and are therefore designated as Level 2 within the fair value hierarchy. The Company recorded an adjustment to reduce the fair value of its net derivative liability for these contracts by $0.9 million and $3.5 million at March 31, 2023 and December 31, 2022, respectively. See Note 7—Derivative Instruments for additional information. Transportation derivative contracts. The Company is a party to certain buy/sell transportation contracts that are derivative contracts for which the Company has not elected the “normal purchase normal sale” exclusion under FASB ASC 815, Derivatives and Hedging . These transportation derivative contracts are valued by a third-party preparer based on an income approach. The significant inputs used are quoted forward prices for commodities, market differentials for crude oil and either the Company’s or the counterparty’s nonperformance risk, as appropriate. The assumptions used in the valuation of these contracts include certain market differential metrics that are unobservable during the term of the contracts. Such unobservable inputs are significant to the contract valuation methodology, and the contracts’ fair values are therefore designated as Level 3 within the fair value hierarchy. See Note 7—Derivative Instruments for additional information. Contingent consideration. In June 2021, the Company completed the divestiture of oil and gas properties in the Texas region of the Permian Basin. In connection with the divestiture, the Company is entitled to receive up to three earn-out payments of $25.0 million per year for each of 2023, 2024 and 2025 if the average daily settlement price of New York Mercantile Exchange (“NYMEX”) West Texas Intermediate crude oil price index (“NYMEX WTI”) exceeds $60 per barrel for such year (the “Permian Basin Sale Contingent Consideration”). If NYMEX WTI for calendar year 2023 or 2024 is less than $45 per barrel, then each calendar year thereafter the buyer’s obligation to make any remaining earn-out payments is terminated. The fair value of the Permian Basin Sale Contingent Consideration is determined by a third-party preparer using a Monte Carlo simulation model and Ornstein-Uhlenbeck pricing process. The significant inputs used are NYMEX WTI forward price curve, volatility, mean reversion rate and counterparty credit risk adjustment. The Company determined these were Level 2 fair value inputs that are substantially observable in active markets or can be derived from observable data. See Note 7—Derivative Instruments for additional information. Investment in unconsolidated affiliate. In connection with the OMP Merger (defined in Note 10—Divestitures), the Company owns common units in Crestwood Equity Partners LP (“Crestwood”) which are accounted for using the fair value option under FASB ASC 825-10, Financial Instruments . The fair value of the Company’s investment in Crestwood was determined using Level 1 inputs based upon the quoted market price of Crestwood’s publicly traded common units at March 31, 2023 and December 31, 2022. See Note 12—Investment in Unconsolidated Affiliate for additional information. Non-Financial Assets and Liabilities The fair value of the Company’s non-financial assets and liabilities measured on a non-recurring basis are determined using valuation techniques that include Level 3 inputs. Asset retirement obligations. The initial measurement of ARO at fair value is recorded in the period in which the liability is incurred. Fair value is determined by calculating the present value of estimated future cash flows related to the liability. Estimating the future ARO requires management to make estimates and judgments regarding the timing and existence of a liability, as well as what constitutes adequate restoration when considering current regulatory requirements. Inherent in the fair value calculation are numerous assumptions and judgments, including the ultimate costs, inflation factors, credit-adjusted discount rates, timing of settlement and changes in the legal, environmental and regulatory environments.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Commodity derivative contracts. The Company utilizes derivative financial instruments to manage risks related to changes in commodity prices. The Company’s crude oil contracts settle monthly based on the average NYMEX WTI. Natural gas contracts settle monthly based on the average Henry Hub natural gas index price (“NYMEX HH”), while natural gas basis swaps settle monthly based on the average fixed differential between NYMEX HH and the Northern Natural Gas Ventura (“NNG Ventura”) index price. The Company utilizes fixed-price swaps and collars to manage risks related to changes in commodity prices. Swaps are designed to establish a fixed price for the volumes under contract, while collars are designed to establish a minimum price (floor) and a maximum price (ceiling) for the volumes under contract. In addition, the Company utilizes basis swaps to manage commodity price locational risk. The Company’s basis swaps are designed to establish a fixed differential between NYMEX and the index price referenced in the contract. The Company may, from time to time, restructure existing derivative contracts or enter into new transactions to effectively modify the terms of current contracts in order to improve the pricing parameters in existing contracts. At March 31, 2023, the Company had the following outstanding commodity derivative contracts: Commodity Settlement Derivative Volumes Weighted Average Prices Fixed-Price Swaps Floor Ceiling Crude oil 2023 Two-way collar 4,583,500 Bbl $ 45.79 $ 64.46 Crude oil 2023 Fixed-price swaps 4,032,000 Bbl $ 51.33 Natural gas 2023 Two-way collar 4,299,000 MMBtu $ 2.31 $ 2.86 Natural gas basis (1) 2023 Fixed-price swaps 1,365,000 MMbtu $ (0.22) __________________ (1) The weighted average price associated with the natural gas basis swaps shown in the tables above represents the average fixed differential to NYMEX HH as stated in the related contracts, which is compared to the NNG Ventura index price for each period. If NYMEX HH combined with the fixed differential as stated in each contract is higher than the NNG Ventura index price at any settlement date, the Company receives the difference. Conversely, if the NNG Ventura index price is higher than NYMEX HH combined with the fixed differential, the Company pays the difference. Subsequent to March 31, 2023, the Company entered into the following commodity derivative contracts: Weighted Average Prices Commodity Settlement Period Derivative Instrument Volumes Floor Ceiling Crude oil 2023 Two-way collar 736,000 Bbl $ 65.00 $ 88.51 Crude oil 2024 Two-way collar 640,000 Bbl $ 65.00 $ 80.13 Transportation derivative contracts. The Company is a party to two contracts that provide for the transportation of crude oil through a buy/sell structure from North Dakota to either Cushing, Oklahoma or Guernsey, Wyoming. The contracts require the purchase and sale of fixed volumes of crude oil through July 2024 as specified in the agreements. The Company determined that these contracts qualified as derivatives and did not elect the “normal purchase normal sale” exclusion. As of March 31, 2023, the estimated fair value of these contracts was $3.5 million, of which $3.3 million was classified as a current derivative liability and $0.3 million was classified as a non-current derivative liability on the Company’s Condensed Consolidated Balance Sheet. As of December 31, 2022, the estimated fair value of these contracts was $14.7 million, of which $11.9 million was classified as a current derivative liability and $2.8 million was classified as a non-current derivative liability on the Company’s Condensed Consolidated Balance Sheet. The Company records the changes in fair value of these contracts to gathering, processing and transportation expenses on the Company’s Condensed Consolidated Statement of Operations. Settlements on these contracts are reflected as operating activities on the Company’s Consolidated Statements of Cash Flows and represent cash payments to the counterparties for transportation of crude oil or the net settlement of contract liabilities if the transportation was not utilized, as applicable. See Note 6—Fair Value Measurements for additional information. Contingent consideration. The Company bifurcated the Permian Basin Sale Contingent Consideration from the host contract and accounted for it separately at fair value. The Permian Basin Sale Contingent Consideration is marked-to-market each reporting period, with changes in fair value recorded in the other income (expense) section of the Company’s Condensed Consolidated Statements of Operations as a net gain or loss on derivative instruments. As of March 31, 2023, the estimated fair value of the Permian Basin Sale Contingent Consideration was $62.0 million, of which $23.8 million was classified as a current derivative asset and $38.2 million was classified as a non-current derivative asset on the Condensed Consolidated Balance Sheet. As of December 31, 2022, the estimated fair value of the Permian Basin Sale Contingent Consideration was $60.9 million, of which $23.0 million was classified as a current derivative asset and $38.0 million was classified as a non-current derivative asset on the Condensed Consolidated Balance Sheet. See Note 6—Fair Value Measurements for additional information. The following table summarizes the location and amounts of gains and losses from the Company’s derivative instruments recorded in the Company’s Condensed Consolidated Statements of Operations for the periods presented: Three Months Ended March 31, Derivative Instrument Statements of Operations Location 2023 2022 (In thousands) Commodity derivatives Net gain (loss) on derivative instruments $ 65,840 $ (384,872) Commodity derivatives (buy/sell transportation contracts) (1) Gathering, processing and transportation expenses 11,157 — Contingent consideration Net gain (loss) on derivative instruments 1,094 16,950 __________________ (1) The change in the fair value of the transportation derivative contracts was recorded as a gain in gathering, processing and transportation expenses for the three months ended March 31, 2023. In accordance with the FASB’s authoritative guidance on disclosures about offsetting assets and liabilities, the Company is required to disclose both gross and net information about instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting agreement. The Company’s derivative instruments are presented as assets and liabilities on a net basis by counterparty, as all counterparty contracts provide for net settlement. No margin or collateral balances are deposited with counterparties, and as such, gross amounts are offset to determine the net amounts presented in the Company’s Condensed Consolidated Balance Sheets. The following table summarizes the location and fair value of all outstanding derivative instruments recorded in the Company’s Condensed Consolidated Balance Sheets: March 31, 2023 Derivative Instrument Balance Sheet Location Gross Amount Gross Amount Offset Net Amount (In thousands) Derivatives assets: Commodity derivatives Derivative instruments — current assets $ 4,573 $ (3,628) $ 945 Contingent consideration Derivative instruments — current assets 23,783 — 23,783 Contingent consideration Derivative instruments — non-current assets 38,231 — 38,231 Total derivatives assets $ 66,587 $ (3,628) $ 62,959 Derivatives liabilities: Commodity derivatives Derivative instruments — current liabilities $ 175,973 $ (3,628) $ 172,345 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — current liabilities 3,277 — 3,277 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — non-current liabilities 260 — 260 Total derivatives liabilities $ 179,510 $ (3,628) $ 175,882 December 31, 2022 Derivative Instrument Balance Sheet Location Gross Amount Gross Amount Offset Net Amount (In thousands) Derivatives assets: Commodity derivatives Derivative instruments — current assets $ 10,194 $ (9,414) $ 780 Contingent consideration Derivative instruments — current assets 22,955 — 22,955 Contingent consideration Derivative instruments — non-current assets 37,965 — 37,965 Total derivatives assets $ 71,114 $ (9,414) $ 61,700 Derivatives liabilities: Commodity derivatives Derivative instruments — current liabilities $ 339,090 $ (9,414) $ 329,676 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — current liabilities 11,865 — 11,865 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — non-current liabilities 2,829 — 2,829 Total derivatives liabilities $ 353,784 $ (9,414) $ 344,370

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The following table sets forth the Company’s property, plant and equipment: March 31, 2023 December 31, 2022 (In thousands) Proved oil and gas properties $ 5,291,359 $ 5,089,185 Less: Accumulated depletion (590,969) (461,175) Proved oil and gas properties, net 4,700,390 4,628,010 Unproved oil and gas properties 29,352 30,936 Other property and equipment 69,011 72,973 Less: Accumulated depreciation (20,747) (20,576) Other property and equipment, net 48,264 52,397 Total property, plant and equipment, net $ 4,778,006 $ 4,711,343

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions 2022 Acquisitions On July 1, 2022, the Company completed the Merger with Whiting and issued 22,671,871 shares of common stock and paid $245.4 million of cash to Whiting stockholders. The Merger was accounted for under the acquisition method of accounting in accordance with ASC 805. Purchase price allocation. Under the acquisition method of accounting, the assets and liabilities of Whiting were recorded at their respective fair values as of the acquisition date on July 1, 2022. The allocation of the fair value to the identifiable assets acquired and liabilities assumed resulted in no goodwill or bargain purchase gain being recognized. As provided under ASC 805, the purchase price allocation may be subject to change for up to one year after July 1, 2022. There were no measurement period adjustments recorded to the purchase price allocation during the three months ended March 31, 2023. Unaudited pro forma financial information. The results of Whiting’s operations have been included in the Company’s consolidated financial statements since July 1, 2022. The following supplemental unaudited pro forma financial information for the three months ended March 31, 2022 has been prepared as if the Merger had occurred on January 1, 2022. The information presented below reflects pro forma adjustments based on available information and certain assumptions that the Company believes are factual and supportable. The pro forma financial information includes certain non-recurring pro forma adjustments that were directly attributable to the Merger, including transaction costs incurred by the Company and Whiting. The unaudited pro forma financial information does not purport to be indicative of results of operations that would have occurred had the Merger occurred on the basis assumed above, nor is such information indicative of the Company’s expected future results. The pro forma results of operations do not include any future cost savings or other synergies that may result from the Merger or any estimated costs that have not yet been incurred by the Company to integrate the Whiting assets. Three Months Ended March 31, 2022 (In thousands) Revenues $ 1,179,825 Net income attributable to Chord 357,129 Net income attributable to Chord per share: Basic $ 8.48 Diluted 8.03

Divestitures

Divestitures	3 Months Ended
	Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestitures OMP Merger. On February 1, 2022, the Company completed the merger of Oasis Midstream Partners LP (“OMP”) and OMP GP LLC with and into a subsidiary of Crestwood and received $160.0 million in cash and 20,985,668 common units of Crestwood (the “OMP Merger”). The OMP Merger represented a strategic shift for the Company and qualified for reporting as a discontinued operation under FASB ASC 205-20, Presentation of financial statements – Discontinued Operations (“ASC 205-20”). See Note 11—Discontinued Operations for additional information on amounts reported as discontinued operations. See Note 6—Fair Value Measurements and Note 12—Investment in Unconsolidated Affiliate for additional information on the Company’s investment in Crestwood. The Company recorded a pre-tax gain on sale of assets of $518.9 million, which included (i) the cash consideration of $160.0 million, (ii) the fair value of the Company’s retained investment in Crestwood of $568.3 million; less (iii) the book value of the Company’s investment in OMP of $198.0 million and (iv) transaction costs of $11.4 million. The gain on sale of assets was reported within income from discontinued operations attributable to Chord, net of income tax on the Company’s Condensed Consolidated Statement of Operations for the three months ended March 31, 2022.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations The OMP Merger qualified for reporting as a discontinued operation in accordance with ASC 205-20. There were no discontinued operations for the three months ended March 31, 2023. Condensed Consolidated Statement of Operations The results of operations reported as discontinued operations in connection with the OMP Merger were as follows for the period presented: Three Months Ended March 31, 2022 (In thousands) Revenues Purchased oil and gas sales (1) $ (13,364) Midstream revenues 23,271 Total revenues 9,907 Operating expenses Lease operating expenses (1) (4,535) Midstream expenses 13,224 Gathering, processing and transportation expenses (1) (3,555) Purchased oil and gas expenses (1) (12,506) General and administrative expenses (1) 3,314 Total operating expenses (4,058) Gain on sale of assets 518,900 Operating income 532,865 Other expense Interest expense, net of capitalized interest (3,685) Other expense (93) Total other expense (3,778) Income from discontinued operations before income taxes 529,087 Income tax expense (41,222) Income from discontinued operations, net of income tax 487,865 Net income attributable to non-controlling interests 2,311 Income from discontinued operations attributable to Chord, net of income tax $ 485,554 __________________ (1) Includes discontinued intercompany eliminations. Condensed Consolidated Statement of Cash Flows Depreciation, depletion and amortization attributable to discontinued operations in “Cash flows from operating activities” was immaterial for the three months ended March 31, 2022. Capital expenditures attributable to discontinued operations included in “Cash flows used in investing activities” was $6.1 million for the three months ended March 31, 2022. There were no significant non-cash activities from discontinued operations for the three months ended March 31, 2022.

Investment in Unconsolidated Af

Investment in Unconsolidated Affiliate	3 Months Ended
	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Affiliate	Investment in Unconsolidated Affiliate As of March 31, 2023 and December 31, 2022 the fair value of the Company’s investment in Crestwood was $113.0 million and $130.6 million, respectively. As of March 31, 2023 and December 31, 2022, the Company owned less than 5% of Crestwood’s issued and outstanding common units. During the three months ended March 31, 2023, the Company recorded a net loss of $2.2 million on its investment in Crestwood, including an unrealized loss of $5.7 million for the change in fair value of the investment and a realized gain of $3.0 million for a cash distribution received from Crestwood. During the three months ended March 31, 2022, the Company recorded a gain of $60.1 million on its investment in Crestwood, including an unrealized gain of $47.0 million for the change in fair value of the investment and a realized gain of $13.1 million for a cash distribution received from Crestwood. Related Party Transactions For the three months ended March 31, 2022, related party transactions with Crestwood totaled $12.0 million of lease operating expenses and $10.1 million of gathering, processing and transportation expenses. On September 12, 2022, the Company sold an aggregate of 16,000,000 common units of Crestwood, which reduced its ownership of Crestwood’s issued and outstanding common units below 5%. As such, Crestwood is no longer considered a related party as of March 31, 2023.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt The Company’s long-term debt consists of the following: March 31, 2023 December 31, 2022 (In thousands) Senior secured revolving line of credit $ — $ — Senior unsecured notes 400,000 400,000 Less: unamortized deferred financing costs (5,374) (5,791) Total long-term debt, net $ 394,626 $ 394,209 Senior secured revolving line of credit . The Company has a senior secured revolving credit facility (the “Credit Facility”) with a $2.5 billion borrowing base and $1.0 billion of elected commitments that matures on July 1, 2027. At March 31, 2023, the Company had no borrowings outstanding and $6.1 million of outstanding letters of credit issued under the Credit Facility, resulting in an unused borrowing capacity of $994.0 million. At December 31, 2022, the Company had no borrowings outstanding and $6.4 million of outstanding letters of credit issued under the Credit Facility. During the three months ended March 31, 2023 and 2022, the Company incurred no borrowings on the Credit Facility, resulting in a weighted average interest rate of 0.0% in each period. The Company was in compliance with the financial covenants under the Credit Facility at March 31, 2023. The fair value of the Credit Facility approximates its carrying value since borrowings under the Credit Facility bear interest at variable rates, which are tied to current market rates. Borrowings are subject to varying rates of interest based on (i) the total outstanding borrowings (including the value of all outstanding letters of credit) in relation to the borrowing base and (ii) whether the loan is a Term SOFR Loan or an ABR Loan (each as defined in the Credit Facility). The Company incurs interest on outstanding loans at their respective interest rate plus a margin rate ranging between 1.75% to 2.75% for Term SOFR Loans and 0.75% to 1.75% for ABR Loans. In addition, Term SOFR Loans are also subject to a 0.1% credit spread adjustment. The unused borrowing base is subject to a commitment fee ranging between 0.375% to 0.500%. On May 2, 2023, the Company completed its semi-annual borrowing base redetermination and entered into the Third Amendment to Amended and Restated Credit Agreement to reduce the borrowing base to $2.5 billion from $2.75 billion. There were no changes to the total amount of elected commitments of $1.0 billion. The next scheduled redetermination is expected to occur in or around October 2023.

Asset Retirement Obligations

Asset Retirement Obligations	3 Months Ended
	Mar. 31, 2023
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Asset Retirement Obligations The following table reflects the changes in the Company’s ARO during the three months ended March 31, 2023: (In thousands) Balance at December 31, 2022 $ 165,405 Liabilities incurred during period 234 Liabilities settled during period (1,841) Accretion expense during period 2,890 Balance at March 31, 2023 $ 166,688 Accretion expense is included in depreciation, depletion and amortization on the Company’s Condensed Consolidated Statements of Operations. At March 31, 2023, the current portion of the total ARO balance was $18.6 million and is included in accrued liabilities on the Company’s Condensed Consolidated Balance Sheet.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate for the three months ended March 31, 2023 was 23.6% of pre-tax income from continuing operations, as compared to an effective tax rate of 8.5% of pre-tax loss from continuing operations for the three months ended March 31, 2022. The effective tax rate from continuing operations for the three months ended March 31, 2023 was higher than the statutory federal rate of 21% primarily as a result of the impact of state income taxes. The effective tax rate for the three months ended March 31, 2022 was lower than the statutory federal rate of 21% primarily as a result of the Company’s valuation allowance during the three months ended March 31, 2022, substantially all of which was released during the third quarter and fourth quarter of 2022. This was partially offset by the impacts of equity-based compensation windfalls and state income taxes.

Equity-Based Compensation

Equity-Based Compensation	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Equity-Based Compensation	Equity-Based Compensation The Company has previously granted RSUs, PSUs and LSUs (each as defined below), as well as phantom unit awards under its equity compensation plans. Equity-based compensation costs are recognized in general and administrative expenses on the Company’s Condensed Consolidated Statements of Operations. During the three months ended March 31, 2023 and 2022, the Company recognized $11.9 million and $4.8 million, respectively, in equity-based compensation costs related to equity-classified awards. Equity-based compensation costs related to liability-classified awards were not material for the three months ended March 31, 2023 or 2022. Restricted stock units. Restricted stock units (“RSUs”) are contingent shares that vest on either a cliff or graded basis over a three-year or four-year period (as applicable) and are subject to a service condition. During the three months ended March 31, 2023, the Company granted 125,451 RSUs to employees with a weighted average grant date value of $132.62 per share. Performance share units. Performance share units (“PSUs”) are contingent shares that vest on a graded basis over a three-year and four-year period subject to a service condition. No PSUs were granted during the three months ended March 31, 2023 or 2022. Leveraged stock units. Leveraged stock units (“LSUs”) are contingent shares that cliff vest over a three-year and four-year period subject to a service condition. No LSUs were granted during the three months ended March 31, 2023 or 2022. Phantom unit awards. Phantom unit awards represent the right to receive a cash payment equal to the fair market value of one share of common stock upon vesting and vest on a graded basis subject to a service condition. During the three months ended March 31, 2023, the Company granted 9,743 phantom unit awards to employees with a weighted average grant date value of $134.60 per share.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Dividends The following table summarizes the Company’s fixed and variable dividends for the first quarter of 2023 and 2022, respectively. Rate per share Base Variable Total Total Dividends Declared (In thousands) Q1 2023 $ 1.25 $ 3.55 $ 4.80 $ 204,884 Q1 2022 $ 0.585 $ 3.00 $ 3.585 $ 73,074 Total dividends declared in the table above includes $5.1 million and $3.0 million associated with dividend equivalent rights on unvested equity-based compensation awards for the three months ended March 31, 2023 and 2022, respectively. On May 3, 2023, the Company declared base-plus-variable cash dividend of $3.22 per share of common stock, including a base cash dividend of $1.25 per share of common stock and a variable cash dividend of $1.97 per share of common stock. The dividends will be payable on May 30, 2023 to shareholders of record as of May 16, 2023. Share-Repurchase Program During the three months ended March 31, 2023, the Company repurchased 110,667 shares of common stock at a weighted average price of $135.55 per common share for a total cost of $15.0 million. As of March 31, 2023, there was $257.9 million remaining under the Company’s share-repurchase program. The Company repurchased no shares of common stock during the three months ended March 31, 2022. Warrants The following table summarizes the Company’s outstanding warrants as of March 31, 2023: Warrants (1) Exercise Price Legacy Oasis 726,536 $ 75.57 Legacy Whiting - Series A 2,775,767 $ 116.37 Legacy Whiting - Series B 1,394,256 $ 133.70 Total 4,896,559 __________________ (1) Represents the number of warrants in terms of shares of Chord common stock. During the three months ended March 31, 2023, there were 82,954 warrants exercised.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share The Company calculates earnings per share under the two-class method. The two-class method is an earnings allocation formula that computes earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. Basic earnings per share amounts have been computed as (i) net income (loss) (ii) less distributed and undistributed earnings allocated to participating securities (iii) divided by the weighted average number of basic shares outstanding for the periods presented. Diluted earnings per share amounts have been computed as (i) basic net income attributable to common stockholders (ii) plus the reallocation of distributed and undistributed earnings allocated to participating securities (iii) divided by the weighted average number of diluted shares outstanding for the periods presented. The Company calculates diluted earnings per share under both the two-class method and treasury stock method and reports the more dilutive of the two calculations. The following table summarizes the basic and diluted earnings per share for the periods presented: Three Months Ended March 31, 2023 2022 (In thousands, except per share data) Net income (loss) from continuing operations $ 296,999 $ (19,551) Distributed and undistributed earnings allocated to participating securities (682) — Net income (loss) from continuing operations attributable to common stockholders (basic) 296,317 (19,551) Reallocation of distributed and undistributed earnings allocated to participating securities 8 — Net income (loss) from continuing operations attributable to common stockholders (diluted) $ 296,325 $ (19,551) Weighted average common shares outstanding: Basic weighted average common shares outstanding 41,568 19,306 Dilutive effect of share-based awards 902 — Dilutive effect of warrants 679 — Diluted weighted average common shares outstanding 43,149 19,306 Basic earnings (loss) per share from continuing operations $ 7.13 $ (1.01) Diluted earnings (loss) per share from continuing operations $ 6.87 $ (1.01) Anti-dilutive weighted average common shares: Potential common shares 4,561 2,977 For the three months ended March 31, 2023, the diluted earnings per share calculation excludes the impact of unvested share-based awards and outstanding warrants that were anti-dilutive. For the three months ended March 31, 2022, the Company incurred a net loss from continuing operations, and therefore the calculation of diluted loss per share excludes the anti-dilutive effect of all potentially dilutive shares.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies As of March 31, 2023, the Company’s material off-balance sheet arrangements and transactions include $6.1 million in outstanding letters of credit under the Credit Facility and $17.7 million in net surety bond exposure issued as financial assurance on certain agreements. As of March 31, 2023, there have been no material changes to the Company’s commitments and contingencies disclosed in Note 23 — Commitments and Contingencies in the Company’s 2022 Annual Report except as set forth below. In April 2023, the Company entered into a gas gathering, processing and sale agreement with a requirement to deliver a minimum quantity of unprocessed gas through January 2028 for a total aggregate commitment of approximately $55.6 million. The Company believes its production and reserves are sufficient to fulfill this delivery commitment and therefore expects to avoid any payments for deficiencies under this contract.

Leases

Leases	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases	LeasesDuring the three months ended March 31, 2023, the Company began negotiations to sublease a portion of its Denver corporate office. As a result of an offer received and the overall market conditions, the Company recorded a right-of-use (“ROU”) asset impairment charge of $17.5 million, which was the amount by which the carrying value of the ROU asset exceeded the fair value. The Company estimated the fair value of the ROU asset using an income approach based on the net present value of the expected sublease rental income during the sublease term. The ROU asset impairment charge is recorded within exploration and impairment on the Condensed Consolidated Statements of Operations. Other than the item disclosed above, no other material changes have occurred to the Company’s lease portfolio for the periods presented. Refer to the Company’s 2022 Annual Report for more information on the Company’s leases.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have not been audited by the Company’s independent registered public accounting firm, except that the Condensed Consolidated Balance Sheet at December 31, 2022 is derived from audited financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary for the fair statement of the Company’s financial position, have been included. Management has made certain estimates and assumptions that affect reported amounts in the unaudited condensed consolidated financial statements and disclosures of contingencies. Actual results may differ from those estimates. The results for interim periods are not necessarily indicative of annual results. These interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain disclosures have been condensed or omitted from these financial statements. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete consolidated financial statements and should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 (“2022 Annual Report”).
Risks and Uncertainties	Risks and Uncertainties As a producer of crude oil, NGLs and natural gas, the Company’s revenue, profitability and future growth are substantially dependent upon the prevailing and future prices for crude oil, NGLs and natural gas, which are dependent upon numerous factors beyond its control such as economic, political and regulatory developments and competition from other energy sources. The energy markets have historically been very volatile, and there can be no assurance that the prices for crude oil, NGLs or natural gas will not be subject to wide fluctuations in the future. A substantial or extended decline in prices for crude oil and, to a lesser extent, NGLs and natural gas, could have a material adverse effect on the Company’s financial position, results of operations, cash flows, the quantities of crude oil, NGLs and natural gas reserves that may be economically produced and the Company’s access to capital.
Cash Equivalents	Cash Equivalents The Company invests in certain money market funds, commercial paper and time deposits, all of which are stated at fair value or cost which approximates fair value due to the short-term maturity of these investments. The Company classifies all such investments with original maturity dates less than 90 days as cash equivalents. While the Company may maintain balances of cash and cash equivalents in excess of amounts that are federally insured by the Federal Deposit Insurance Corporation, the Company invests with financial institutions that it believes are creditworthy and has not experienced any material losses in such accounts.
Performance Obligations	The Company records revenue when the performance obligations under the terms of its customer contracts are satisfied. For sales of commodities, the Company records revenue in the month the production or purchased product is delivered to the purchaser. However, settlement statements and payments are typically not received for 20 to 90 days after the date production is delivered, and as a result, the Company is required to estimate the amount of production that was delivered to the purchaser and the price that will be received for the sale of the product. The Company uses knowledge of its properties, its properties’ historical performance, spot market prices and other factors as the basis for these estimates. The Company records the differences between estimates and the actual amounts received for product sales once payment is received from the purchaser. In certain cases, the Company is required to estimate these volumes during a reporting period and record any differences between the estimated volumes and actual volumes in the following reporting period. Differences between estimated and actual revenues have historically not been significant. For the three months ended March 31, 2023 and 2022, revenue recognized related to performance obligations satisfied in prior reporting periods was not material.
Fair value measurement	Financial Assets and LiabilitiesFinancial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. The fair value of the Company’s non-financial assets and liabilities measured on a non-recurring basis are determined using valuation techniques that include Level 3 inputs. Asset retirement obligations. The initial measurement of ARO at fair value is recorded in the period in which the liability is incurred. Fair value is determined by calculating the present value of estimated future cash flows related to the liability. Estimating the future ARO requires management to make estimates and judgments regarding the timing and existence of a liability, as well as what constitutes adequate restoration when considering current regulatory requirements. Inherent in the fair value calculation are numerous assumptions and judgments, including the ultimate costs, inflation factors, credit-adjusted discount rates, timing of settlement and changes in the legal, environmental and regulatory environments.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Revenues from contracts with customers were as follows for the periods presented: Three Months Ended March 31, 2023 2022 (In thousands) Crude oil revenues $ 650,908 $ 385,908 Purchased crude oil sales 109,265 122,172 NGL and natural gas revenues 115,292 107,594 Purchased NGL and natural gas sales 21,052 37,295 Total revenues $ 896,517 $ 652,969

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory	The following table sets forth the Company’s inventory: March 31, 2023 December 31, 2022 (In thousands) Inventory Equipment and materials $ 20,961 $ 21,097 Crude oil inventory 39,926 33,314 Total inventory 60,887 54,411 Long-term inventory Linefill in third-party pipelines 20,669 22,009 Total long-term inventory 20,669 22,009 Total $ 81,556 $ 76,420
Schedule of Long-term Inventory	The following table sets forth the Company’s inventory: March 31, 2023 December 31, 2022 (In thousands) Inventory Equipment and materials $ 20,961 $ 21,097 Crude oil inventory 39,926 33,314 Total inventory 60,887 54,411 Long-term inventory Linefill in third-party pipelines 20,669 22,009 Total long-term inventory 20,669 22,009 Total $ 81,556 $ 76,420

Additional Balance Sheet Info_2

Additional Balance Sheet Information (Tables)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Balance Sheet Amounts	The following table sets forth certain balance sheet amounts comprised of the following: March 31, 2023 December 31, 2022 (In thousands) Accounts receivable, net Trade and other accounts $ 679,307 $ 661,121 Joint interest accounts 117,280 127,772 Total accounts receivable 796,587 788,893 Less: allowance for credit losses (5,598) (7,155) Total accounts receivable, net $ 790,989 $ 781,738 Accrued liabilities Accrued oil and gas marketing $ 182,544 $ 127,240 Accrued capital costs 132,318 76,747 Accrued lease operating expenses 85,844 73,714 Accrued general and administrative expenses 24,333 42,259 Current portion of asset retirement obligations 18,552 19,376 Accrued dividends 15,754 5,873 Other accrued liabilities 22,419 17,245 Total accrued liabilities $ 481,764 $ 362,454

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables set forth by level, within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis: Fair value at March 31, 2023 Level 1 Level 2 Level 3 Total (In thousands) Assets: Commodity derivative contracts (see Note 7) $ — $ 945 $ — $ 945 Contingent consideration (see Note 7) — 62,014 — 62,014 Investment in unconsolidated affiliate (see Note 12 ) 112,997 — — 112,997 Total assets $ 112,997 $ 62,959 $ — $ 175,956 Liabilities: Commodity derivative contracts (see Note 7) $ — $ 172,345 $ 3,537 $ 175,882 Total liabilities $ — $ 172,345 $ 3,537 $ 175,882 Fair value at December 31, 2022 Level 1 Level 2 Level 3 Total (In thousands) Assets: Commodity derivative contracts (see Note 7) $ — $ 780 $ — $ 780 Contingent consideration (see Note 7) — 60,920 — 60,920 Investment in unconsolidated affiliate (see Note 12) 130,575 — — 130,575 Total assets $ 130,575 $ 61,700 $ — $ 192,275 Liabilities: Commodity derivative contracts (see Note 7) $ — $ 329,676 $ 14,694 $ 344,370 Total liabilities $ — $ 329,676 $ 14,694 $ 344,370

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Commodity Derivative Instruments	At March 31, 2023, the Company had the following outstanding commodity derivative contracts: Commodity Settlement Derivative Volumes Weighted Average Prices Fixed-Price Swaps Floor Ceiling Crude oil 2023 Two-way collar 4,583,500 Bbl $ 45.79 $ 64.46 Crude oil 2023 Fixed-price swaps 4,032,000 Bbl $ 51.33 Natural gas 2023 Two-way collar 4,299,000 MMBtu $ 2.31 $ 2.86 Natural gas basis (1) 2023 Fixed-price swaps 1,365,000 MMbtu $ (0.22) __________________ (1) The weighted average price associated with the natural gas basis swaps shown in the tables above represents the average fixed differential to NYMEX HH as stated in the related contracts, which is compared to the NNG Ventura index price for each period. If NYMEX HH combined with the fixed differential as stated in each contract is higher than the NNG Ventura index price at any settlement date, the Company receives the difference. Conversely, if the NNG Ventura index price is higher than NYMEX HH combined with the fixed differential, the Company pays the difference. Subsequent to March 31, 2023, the Company entered into the following commodity derivative contracts: Weighted Average Prices Commodity Settlement Period Derivative Instrument Volumes Floor Ceiling Crude oil 2023 Two-way collar 736,000 Bbl $ 65.00 $ 88.51 Crude oil 2024 Two-way collar 640,000 Bbl $ 65.00 $ 80.13
Schedule of Gains and Losses from Commodity Derivative Instruments	The following table summarizes the location and amounts of gains and losses from the Company’s derivative instruments recorded in the Company’s Condensed Consolidated Statements of Operations for the periods presented: Three Months Ended March 31, Derivative Instrument Statements of Operations Location 2023 2022 (In thousands) Commodity derivatives Net gain (loss) on derivative instruments $ 65,840 $ (384,872) Commodity derivatives (buy/sell transportation contracts) (1) Gathering, processing and transportation expenses 11,157 — Contingent consideration Net gain (loss) on derivative instruments 1,094 16,950 __________________ (1) The change in the fair value of the transportation derivative contracts was recorded as a gain in gathering, processing and transportation expenses for the three months ended March 31, 2023.
Schedule of Gross and Net Information about Commodity Derivative Assets	The following table summarizes the location and fair value of all outstanding derivative instruments recorded in the Company’s Condensed Consolidated Balance Sheets: March 31, 2023 Derivative Instrument Balance Sheet Location Gross Amount Gross Amount Offset Net Amount (In thousands) Derivatives assets: Commodity derivatives Derivative instruments — current assets $ 4,573 $ (3,628) $ 945 Contingent consideration Derivative instruments — current assets 23,783 — 23,783 Contingent consideration Derivative instruments — non-current assets 38,231 — 38,231 Total derivatives assets $ 66,587 $ (3,628) $ 62,959 Derivatives liabilities: Commodity derivatives Derivative instruments — current liabilities $ 175,973 $ (3,628) $ 172,345 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — current liabilities 3,277 — 3,277 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — non-current liabilities 260 — 260 Total derivatives liabilities $ 179,510 $ (3,628) $ 175,882 December 31, 2022 Derivative Instrument Balance Sheet Location Gross Amount Gross Amount Offset Net Amount (In thousands) Derivatives assets: Commodity derivatives Derivative instruments — current assets $ 10,194 $ (9,414) $ 780 Contingent consideration Derivative instruments — current assets 22,955 — 22,955 Contingent consideration Derivative instruments — non-current assets 37,965 — 37,965 Total derivatives assets $ 71,114 $ (9,414) $ 61,700 Derivatives liabilities: Commodity derivatives Derivative instruments — current liabilities $ 339,090 $ (9,414) $ 329,676 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — current liabilities 11,865 — 11,865 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — non-current liabilities 2,829 — 2,829 Total derivatives liabilities $ 353,784 $ (9,414) $ 344,370
Schedule of Gross and Net Information about Commodity Derivative Liabilities	The following table summarizes the location and fair value of all outstanding derivative instruments recorded in the Company’s Condensed Consolidated Balance Sheets: March 31, 2023 Derivative Instrument Balance Sheet Location Gross Amount Gross Amount Offset Net Amount (In thousands) Derivatives assets: Commodity derivatives Derivative instruments — current assets $ 4,573 $ (3,628) $ 945 Contingent consideration Derivative instruments — current assets 23,783 — 23,783 Contingent consideration Derivative instruments — non-current assets 38,231 — 38,231 Total derivatives assets $ 66,587 $ (3,628) $ 62,959 Derivatives liabilities: Commodity derivatives Derivative instruments — current liabilities $ 175,973 $ (3,628) $ 172,345 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — current liabilities 3,277 — 3,277 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — non-current liabilities 260 — 260 Total derivatives liabilities $ 179,510 $ (3,628) $ 175,882 December 31, 2022 Derivative Instrument Balance Sheet Location Gross Amount Gross Amount Offset Net Amount (In thousands) Derivatives assets: Commodity derivatives Derivative instruments — current assets $ 10,194 $ (9,414) $ 780 Contingent consideration Derivative instruments — current assets 22,955 — 22,955 Contingent consideration Derivative instruments — non-current assets 37,965 — 37,965 Total derivatives assets $ 71,114 $ (9,414) $ 61,700 Derivatives liabilities: Commodity derivatives Derivative instruments — current liabilities $ 339,090 $ (9,414) $ 329,676 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — current liabilities 11,865 — 11,865 Commodity derivatives (buy/sell transportation contracts) Derivative instruments — non-current liabilities 2,829 — 2,829 Total derivatives liabilities $ 353,784 $ (9,414) $ 344,370

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	The following table sets forth the Company’s property, plant and equipment: March 31, 2023 December 31, 2022 (In thousands) Proved oil and gas properties $ 5,291,359 $ 5,089,185 Less: Accumulated depletion (590,969) (461,175) Proved oil and gas properties, net 4,700,390 4,628,010 Unproved oil and gas properties 29,352 30,936 Other property and equipment 69,011 72,973 Less: Accumulated depreciation (20,747) (20,576) Other property and equipment, net 48,264 52,397 Total property, plant and equipment, net $ 4,778,006 $ 4,711,343

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Pro Forma Information	The pro forma results of operations do not include any future cost savings or other synergies that may result from the Merger or any estimated costs that have not yet been incurred by the Company to integrate the Whiting assets. Three Months Ended March 31, 2022 (In thousands) Revenues $ 1,179,825 Net income attributable to Chord 357,129 Net income attributable to Chord per share: Basic $ 8.48 Diluted 8.03

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations By Statement Of Operations And Balance Sheet	The results of operations reported as discontinued operations in connection with the OMP Merger were as follows for the period presented: Three Months Ended March 31, 2022 (In thousands) Revenues Purchased oil and gas sales (1) $ (13,364) Midstream revenues 23,271 Total revenues 9,907 Operating expenses Lease operating expenses (1) (4,535) Midstream expenses 13,224 Gathering, processing and transportation expenses (1) (3,555) Purchased oil and gas expenses (1) (12,506) General and administrative expenses (1) 3,314 Total operating expenses (4,058) Gain on sale of assets 518,900 Operating income 532,865 Other expense Interest expense, net of capitalized interest (3,685) Other expense (93) Total other expense (3,778) Income from discontinued operations before income taxes 529,087 Income tax expense (41,222) Income from discontinued operations, net of income tax 487,865 Net income attributable to non-controlling interests 2,311 Income from discontinued operations attributable to Chord, net of income tax $ 485,554 __________________ (1) Includes discontinued intercompany eliminations.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	The Company’s long-term debt consists of the following: March 31, 2023 December 31, 2022 (In thousands) Senior secured revolving line of credit $ — $ — Senior unsecured notes 400,000 400,000 Less: unamortized deferred financing costs (5,374) (5,791) Total long-term debt, net $ 394,626 $ 394,209

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	3 Months Ended
	Mar. 31, 2023
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Changes in Asset Retirement Obligations	The following table reflects the changes in the Company’s ARO during the three months ended March 31, 2023: (In thousands) Balance at December 31, 2022 $ 165,405 Liabilities incurred during period 234 Liabilities settled during period (1,841) Accretion expense during period 2,890 Balance at March 31, 2023 $ 166,688

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule of Dividends Payable	The following table summarizes the Company’s fixed and variable dividends for the first quarter of 2023 and 2022, respectively. Rate per share Base Variable Total Total Dividends Declared (In thousands) Q1 2023 $ 1.25 $ 3.55 $ 4.80 $ 204,884 Q1 2022 $ 0.585 $ 3.00 $ 3.585 $ 73,074
Schedule of Warrants	The following table summarizes the Company’s outstanding warrants as of March 31, 2023: Warrants (1) Exercise Price Legacy Oasis 726,536 $ 75.57 Legacy Whiting - Series A 2,775,767 $ 116.37 Legacy Whiting - Series B 1,394,256 $ 133.70 Total 4,896,559 __________________

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Weighted-Average Number of Shares Outstanding	The following table summarizes the basic and diluted earnings per share for the periods presented: Three Months Ended March 31, 2023 2022 (In thousands, except per share data) Net income (loss) from continuing operations $ 296,999 $ (19,551) Distributed and undistributed earnings allocated to participating securities (682) — Net income (loss) from continuing operations attributable to common stockholders (basic) 296,317 (19,551) Reallocation of distributed and undistributed earnings allocated to participating securities 8 — Net income (loss) from continuing operations attributable to common stockholders (diluted) $ 296,325 $ (19,551) Weighted average common shares outstanding: Basic weighted average common shares outstanding 41,568 19,306 Dilutive effect of share-based awards 902 — Dilutive effect of warrants 679 — Diluted weighted average common shares outstanding 43,149 19,306 Basic earnings (loss) per share from continuing operations $ 7.13 $ (1.01) Diluted earnings (loss) per share from continuing operations $ 6.87 $ (1.01) Anti-dilutive weighted average common shares: Potential common shares 4,561 2,977

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accounting Policies [Abstract]
Net cash provided by operating activities, reduced	$ (468,811)	$ (265,580)
Net cash provided by investing activities, increased	$ (241,588)	$ 29,303

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 896,517	$ 652,969
Crude oil revenues
Disaggregation of Revenue [Line Items]
Total revenues	650,908	385,908
Purchased crude oil sales
Disaggregation of Revenue [Line Items]
Total revenues	109,265	122,172
NGL and natural gas revenues
Disaggregation of Revenue [Line Items]
Total revenues	115,292	107,594
Purchased NGL and natural gas sales
Disaggregation of Revenue [Line Items]
Total revenues	$ 21,052	$ 37,295

Inventory - Components of Inven

Inventory - Components of Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Inventory
Equipment and materials	$ 20,961	$ 21,097
Crude oil inventory	39,926	33,314
Total inventory	60,887	54,411
Long-term inventory
Linefill in third-party pipelines	20,669	22,009
Total long-term inventory	20,669	22,009
Total	$ 81,556	$ 76,420

Additional Balance Sheet Info_3

Additional Balance Sheet Information (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 796,587	$ 788,893
Less: allowance for credit losses	(5,598)	(7,155)
Total accounts receivable, net	790,989	781,738
Accrued oil and gas marketing	182,544	127,240
Accrued capital costs	132,318	76,747
Accrued lease operating expenses	85,844	73,714
Accrued general and administrative expenses	24,333	42,259
Current portion of asset retirement obligations	18,552	19,376
Accrued dividends	15,754	5,873
Other accrued liabilities	22,419	17,245
Accrued liabilities	481,764	362,454
Trade and other accounts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	679,307	661,121
Joint interest accounts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 117,280	$ 127,772

Fair Value Measurements - Hiera

Fair Value Measurements - Hierarchy of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 175,956	$ 192,275
Total liabilities	175,882	344,370
Commodity derivative instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	945	780
Total liabilities	175,882	344,370
Contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	62,014	60,920
Investment in unconsolidated affiliate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	112,997	130,575
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	112,997	130,575
Total liabilities	0	0
Level 1 | Commodity derivative instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
Level 1 | Contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Level 1 | Investment in unconsolidated affiliate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	112,997	130,575
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	62,959	61,700
Total liabilities	172,345	329,676
Level 2 | Commodity derivative instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	945	780
Total liabilities	172,345	329,676
Level 2 | Contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	62,014	60,920
Level 2 | Investment in unconsolidated affiliate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	3,537	14,694
Level 3 | Commodity derivative instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	3,537	14,694
Level 3 | Contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Level 3 | Investment in unconsolidated affiliate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($) $ / bbl	Dec. 31, 2022 USD ($)	Jun. 30, 2021 payment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Derivative credit risk valuation adjustment, derivative liabilities | $				$ 0.9	$ 3.5
Divestitures | Primary Permian Basin Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of earn-out payments | payment						3
Contingent consideration, minimum average daily settlement price, requiring additional payment (in dollars per barrel) | $ / bbl				60
Contingent consideration, minimum average daily settlement price, terminating agreement (in dollars per barrel) | $ / bbl				45
Anticipated | Divestitures | Primary Permian Basin Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture | $	$ 25	$ 25	$ 25

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Outstanding Commodity Derivative Instruments (Details)	1 Months Ended	3 Months Ended
	May 04, 2023 $ / bbl bbl	Mar. 31, 2023 BTU $ / bbl $ / MMBTU bbl
Crude oil | 2023 Two-way collar | NYMEX WTI
Derivative [Line Items]
Volumes (in Bbls / in Gallons) | bbl		4,583,500
Weighted Average Prices, Floor (in dollars per barrel / dollars per btu)		45.79
Weighted Average Prices, Ceiling (in dollars per barrel / dollars per btu)		64.46
Crude oil | 2023 Two-way collar | NYMEX WTI | Subsequent Event
Derivative [Line Items]
Volumes (in Bbls / in Gallons) | bbl	736,000
Weighted Average Prices, Floor (in dollars per barrel / dollars per btu)	65
Weighted Average Prices, Ceiling (in dollars per barrel / dollars per btu)	88.51
Crude oil | 2023 Fixed price swaps | NYMEX WTI
Derivative [Line Items]
Volumes (in Bbls / in Gallons) | bbl		4,032,000
Crude oil | 2023 Fixed price swaps | NYMEX WTI | Long
Derivative [Line Items]
Weighted Average Prices (in dollars per barrel / dollars per btu / dollars per gallon)		51.33
Crude oil | 2024 Two-way collar | NYMEX WTI | Subsequent Event
Derivative [Line Items]
Volumes (in Bbls / in Gallons) | bbl	640,000
Weighted Average Prices, Floor (in dollars per barrel / dollars per btu)	65
Weighted Average Prices, Ceiling (in dollars per barrel / dollars per btu)	80.13
Natural gas | 2023 Two-way collar | NYMEX HH
Derivative [Line Items]
Volumes (in MMBtu) | BTU		4,299,000
Weighted Average Prices, Floor (in dollars per barrel / dollars per btu) | $ / MMBTU		2.31
Weighted Average Prices, Ceiling (in dollars per barrel / dollars per btu) | $ / MMBTU		2.86
Natural gas basis | 2023 Fixed price swaps | NYMEX HH / NNG Ventura Index
Derivative [Line Items]
Volumes (in MMBtu) | BTU		1,365,000
Natural gas basis | 2023 Fixed price swaps | NYMEX HH / NNG Ventura Index | Short
Derivative [Line Items]
Weighted Average Prices (in dollars per barrel / dollars per btu / dollars per gallon) | $ / MMBTU		0.22

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) $ in Thousands	Jul. 01, 2022 instrument	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of contracts acquired | instrument	2
Derivative liabilities, gross amount		$ 179,510	$ 353,784
Divestitures | Primary Permian Basin Sale
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contingent consideration		62,000	60,900
Derivative instruments — current liabilities | Divestitures | Primary Permian Basin Sale
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contingent consideration		23,800	23,000
Derivative instruments — non-current liabilities | Divestitures | Primary Permian Basin Sale
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contingent consideration		38,200	38,000
Commodity derivatives (buy/sell transportation contracts)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liabilities, gross amount		3,500	14,700
Commodity derivatives (buy/sell transportation contracts) | Derivative instruments — current liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liabilities, gross amount		3,277	11,865
Commodity derivatives (buy/sell transportation contracts) | Derivative instruments — non-current liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liabilities, gross amount		$ 260	$ 2,829

Derivative Instruments - Realiz

Derivative Instruments - Realized and Unrealized Gains and Losses from Commodity Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Derivative [Line Items]
Net gain (loss) on derivative instruments	$ 66,934	$ (367,922)
Commodity derivatives
Derivative [Line Items]
Net gain (loss) on derivative instruments	65,840	(384,872)
Commodity derivatives (buy/sell transportation contracts)
Derivative [Line Items]
Net gain (loss) on derivative instruments	11,157	0
Contingent consideration
Derivative [Line Items]
Net gain (loss) on derivative instruments	$ 1,094	$ 16,950

Derivative Instruments - Sche_2

Derivative Instruments - Schedule of Location and Fair Value of Outstanding Commodity Derivative Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Derivative assets, gross amount	$ 66,587	$ 71,114
Derivative liabilities, gross amount	179,510	353,784
Derivative assets, gross amounts offset	(3,628)	(9,414)
Derivative liabilities, gross amounts offset	(3,628)	(9,414)
Derivative assets, net amount	62,959	61,700
Derivative liabilities, net amount	175,882	344,370
Recurring
Derivatives, Fair Value [Line Items]
Total liabilities	175,882	344,370
Commodity derivative instrument | Recurring
Derivatives, Fair Value [Line Items]
Total liabilities	175,882	344,370
Commodity derivative instrument
Derivatives, Fair Value [Line Items]
Derivative assets, gross amount	4,573	10,194
Derivative liabilities, gross amount	175,973	339,090
Derivative assets, gross amounts offset	(3,628)	(9,414)
Derivative liabilities, gross amounts offset	(3,628)	(9,414)
Derivative assets, net amount	945	780
Derivative liabilities, net amount	172,345	329,676
Contingent consideration | Derivative instruments — current assets
Derivatives, Fair Value [Line Items]
Derivative assets, gross amount	23,783	22,955
Derivative assets, gross amounts offset	0	0
Derivative assets, net amount	23,783	22,955
Contingent consideration | Derivative instruments — non-current assets
Derivatives, Fair Value [Line Items]
Derivative assets, gross amount	38,231	37,965
Derivative assets, gross amounts offset	0	0
Derivative assets, net amount	38,231	37,965
Commodity derivatives (buy/sell transportation contracts)
Derivatives, Fair Value [Line Items]
Derivative liabilities, gross amount	3,500	14,700
Commodity derivatives (buy/sell transportation contracts) | Derivative instruments — current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, gross amount	3,277	11,865
Derivative liabilities, gross amounts offset	0	0
Derivative liabilities, net amount	3,277	11,865
Commodity derivatives (buy/sell transportation contracts) | Derivative instruments — non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, gross amount	260	2,829
Derivative liabilities, gross amounts offset	0	0
Derivative liabilities, net amount	$ 260	$ 2,829

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Proved oil and gas properties	$ 5,291,359	$ 5,089,185
Less: Accumulated depletion	(590,969)	(461,175)
Proved oil and gas properties, net	4,700,390	4,628,010
Unproved oil and gas properties	29,352	30,936
Other property and equipment	69,011	72,973
Less: Accumulated depreciation	(20,747)	(20,576)
Other property and equipment, net	48,264	52,397
Total property, plant and equipment, net	$ 4,778,006	$ 4,711,343

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - Whiting Merger $ in Millions	Jul. 01, 2022 USD ($) shares
Business Acquisition [Line Items]
Shares issued (in shares) | shares	22,671,871
Cash paid	$ 245.4
Goodwill	0
Bargain purchase gain	$ 0

Acquisitions - Schedule of Pro

Acquisitions - Schedule of Pro Forma Information (Details) - Whiting Merger $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) $ / shares
Business Acquisition [Line Items]
Revenues | $	$ 1,179,825
Net income attributable to Chord | $	$ 357,129
Net income attributable to Chord per share:
Basic (in dollars per share) | $ / shares	$ 8.48
Diluted (in dollars per share) | $ / shares	$ 8.03

Divestitures (Details)

Divestitures (Details) - USD ($) $ in Thousands			3 Months Ended
	Sep. 12, 2022	Feb. 01, 2022	Mar. 31, 2023	Dec. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Investment in unconsolidated affiliate, fair value			$ 112,997	$ 130,575
Divestitures
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of assets			518,900
OMP Merger
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Shares issued (in shares)	16,000,000
Investment in unconsolidated affiliate, fair value			$ 113,000	$ 130,600
OMP Merger | Divestitures | Crestwood Equity Partners LP
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash paid		$ 160,000
Shares issued (in shares)		20,985,668
Success based transaction costs		$ 11,400
OMP Merger | Divestitures | Crestwood Equity Partners LP | Crestwood Equity Partners LP | Level 2
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Investment in unconsolidated affiliate, fair value		568,300
OMP Merger | Divestitures | Crestwood Equity Partners LP | OMP General Partner LLC [Member] | Level 2
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Investment in unconsolidated affiliate, fair value		$ 198,000

Discontinued Operations - State

Discontinued Operations - Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations attributable to Chord, net of income tax	$ 0	$ 485,554
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenues		9,907
Lease operating expenses		(4,535)
Gathering, processing and transportation expenses		(3,555)
General and administrative expenses		3,314
Total operating expenses		(4,058)
Gain on sale of assets		518,900
Operating income		532,865
Interest expense, net of capitalized interest		(3,685)
Other expense		(93)
Total other expense		(3,778)
Income from discontinued operations before income taxes		529,087
Income tax expense		(41,222)
Income from discontinued operations, net of income tax		487,865
Net income attributable to non-controlling interests		2,311
Income from discontinued operations attributable to Chord, net of income tax		485,554
Purchased oil and gas | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenues		(13,364)
Expenses		(12,506)
Midstream Services | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenues		23,271
Expenses		$ 13,224

Discontinued Operations - Cash

Discontinued Operations - Cash Flow Detail (Details) - Discontinued Operations $ in Millions	3 Months Ended
	Mar. 31, 2022 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash flows from operating activities	$ 0
Cash flows from investing activities	$ 6.1

Investment in Unconsolidated _2

Investment in Unconsolidated Affiliate (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
	Sep. 12, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated affiliate, fair value		$ 112,997		$ 130,575
Net gain (loss) from investment in unconsolidated affiliate		(2,216)	$ 60,137
Operating Lease, Expense | Crestwood Equity Partners LP
Schedule of Equity Method Investments [Line Items]
Related party, expense			12,000
Results of Operations, Transportation Costs | Crestwood Equity Partners LP
Schedule of Equity Method Investments [Line Items]
Related party, expense			10,100
OMP Merger
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated affiliate, fair value		113,000		$ 130,600
Unconsolidated affiliate, unrealized loss		(5,700)	47,000
Unconsolidated affiliate, realized gain		$ 3,000	$ 13,100
Shares issued (in shares)	16,000,000
OMP Merger | Crestwood Equity Partners LP
Schedule of Equity Method Investments [Line Items]
Ownership interest acquired	5%	5%		5%

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total long-term debt, net	$ 394,626	$ 394,209
Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	0	0
Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	400,000	400,000
Less: unamortized deferred financing costs	$ (5,374)	$ (5,791)

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended
	Jul. 01, 2022	Mar. 31, 2023	May 02, 2023	Dec. 31, 2022
Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross		$ 0		$ 0
Line of credit facility, remaining borrowing capacity		994,000
Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross		$ 400,000		400,000
Stated interest rate (as a percent)		6.375%
Senior Notes | Level 1
Debt Instrument [Line Items]
Long-term debt, fair value		$ 396,200
Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)		0%
Credit Facility | Credit Facility
Debt Instrument [Line Items]
Elected commitments		$ 2,750,000
Credit facility borrowing base		1,000,000
Long-term debt, gross		0		0
Letters of credit outstanding		$ 6,100		$ 6,400
Credit Facility | Credit Facility | Subsequent Event
Debt Instrument [Line Items]
Elected commitments			$ 2,500,000
Credit facility borrowing base			$ 1,000,000
Amended and Restated Credit Facility | Credit Facility | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Spread on variable rate (as a percent)	0.10%
Amended and Restated Credit Facility | Credit Facility | Minimum
Debt Instrument [Line Items]
Commitment fee percentage	0.375%
Amended and Restated Credit Facility | Credit Facility | Minimum | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Spread on variable rate (as a percent)	1.75%
Amended and Restated Credit Facility | Credit Facility | Minimum | Alternative Base Rate (ABR)
Debt Instrument [Line Items]
Spread on variable rate (as a percent)	0.75%
Amended and Restated Credit Facility | Credit Facility | Maximum
Debt Instrument [Line Items]
Commitment fee percentage	0.50%
Amended and Restated Credit Facility | Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Spread on variable rate (as a percent)	2.75%
Amended and Restated Credit Facility | Credit Facility | Maximum | Alternative Base Rate (ABR)
Debt Instrument [Line Items]
Spread on variable rate (as a percent)	1.75%

Asset Retirement Obligations -

Asset Retirement Obligations - Schedule of Changes in Asset Retirement Obligations (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Balance at beginning of period	$ 165,405
Liabilities incurred during period	234
Liabilities settled during period	(1,841)
Accretion expense during period	2,890
Balance at end of period	$ 166,688

Asset Retirement Obligations _2

Asset Retirement Obligations - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Asset Retirement Obligation Disclosure [Abstract]
Current portion of asset retirement obligations	$ 18,552	$ 19,376

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Effective tax rate (as a percent)	23.60%	8.50%

Equity-Based Compensation (Deta

Equity-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Equity-Classified Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 11.9	$ 4.8
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	125,451
Weighted average grant date fair value (in dollars per share)	$ 132.62
Restricted Stock Units (RSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Restricted Stock Units (RSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	0	0
Performance Share Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Performance Share Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
Leverage Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	0	0
Leverage Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Leverage Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
Phantom Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	9,743
Weighted average grant date fair value (in dollars per share)	$ 134.60
Number of shares for cash payment value (in shares)	1

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Dividends Payable (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	May 03, 2023	Mar. 31, 2023	Mar. 31, 2022
Dividends Payable [Line Items]
Dividends declared (in dollars per share)		$ 4.80	$ 3.585
Dividends payable		$ 204,884	$ 73,074
Regular Cash Dividend
Dividends Payable [Line Items]
Dividends declared (in dollars per share)		$ 1.25	$ 0.585
Regular Cash Dividend | Subsequent Event
Dividends Payable [Line Items]
Dividends declared (in dollars per share)	$ 1.25
Variable Dividends
Dividends Payable [Line Items]
Dividends declared (in dollars per share)		$ 3.55	$ 3
Variable Dividends | Subsequent Event
Dividends Payable [Line Items]
Dividends declared (in dollars per share)	1.97
Base-Plus-Variable Cash Dividend | Subsequent Event
Dividends Payable [Line Items]
Dividends declared (in dollars per share)	$ 3.22
Dividend Equivalent Rights On Unvested Equity-Based Compensation Awards
Dividends Payable [Line Items]
Dividends payable		$ 5,100	$ 3,000

Stockholders' Equity - Share Re

Stockholders' Equity - Share Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Dividends Payable [Line Items]
Repurchase of common stock (in shares)	110,667	0
Repurchase of common stock, average cost (in dollars per share)	$ 135.55
Share repurchases	$ 15,003
Stock repurchase program, remaining authorized repurchase amount	$ 257,900

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Warrants (Details)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)	4,896,559
Warrants exercised (in shares)	82,954
Legacy Oasis
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)	726,536
Exercise Price (in dollars per share) | $ / shares	$ 75.57
Legacy Whiting - Series A
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)	2,775,767
Exercise Price (in dollars per share) | $ / shares	$ 116.37
Legacy Whiting - Series B
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)	1,394,256
Exercise Price (in dollars per share) | $ / shares	$ 133.70

Earnings (Loss) Per Share - Sum

Earnings (Loss) Per Share - Summary of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Net income (loss) from continuing operations	$ 296,999	$ (19,551)
Distributed and undistributed earnings allocated to participating securities	(682)	0
Net income (loss) from continuing operations attributable to common stockholders (basic)	296,317	(19,551)
Reallocation of distributed and undistributed earnings allocated to participating securities	8	0
Net income (loss) from continuing operations attributable to common stockholders (diluted)	$ 296,325	$ (19,551)
Weighted average common shares outstanding, basic (in shares)	41,568	19,306
Dilutive effect of share-based awards (in shares)	902	0
Dilutive effect of warrants (in shares)	679	0
Weighted average common shares outstanding, diluted (in shares)	43,149	19,306
Basic from continuing operations (in dollars per share)	$ 7.13	$ (1.01)
Diluted from continuing operations (in dollars per share)	$ 6.87	$ (1.01)
Anti-dilutive weighted average common shares (in shares)	4,561	2,977

Earnings (Loss) Per Share - Nar

Earnings (Loss) Per Share - Narrative (Details) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Basic from discontinued operations (in dollars per share)	$ 0	$ 25.15
Diluted from discontinued operations (in dollars per share)	$ 0	$ 25.15

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Apr. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Subsequent Event
Commitments and Contingencies [Line Items]
Commitment amount	$ 55.6
Surety Bond
Commitments and Contingencies [Line Items]
Off-balance sheet commitments		$ 17.7
Credit Facility | Credit Facility
Commitments and Contingencies [Line Items]
Letters of credit outstanding		$ 6.1	$ 6.4

Leases (Details)

Leases (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Leases [Abstract]
Asset impairment charge	$ 17.5