Southwestern Energy (SWN) 10-Q 29 Jul 21 2021 Q2 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	6 Months Ended
	Jun. 30, 2021	Jul. 27, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-08246
Entity Registrant Name	Southwestern Energy Company
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000007332
Current Fiscal Year End Date	--12-31
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	71-0205415
Entity Address, Address Line One	10000 Energy Drive
Entity Address, City or Town	Spring
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77389
City Area Code	832
Local Phone Number	796-1000
Title of 12(b) Security	Common Stock, Par Value $0.01
Trading Symbol	SWN
Security Exchange Name	NYSE
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 Common Stock, Shares Outstanding		677,020,351

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Operating Revenues:
Total operating revenues	$ 1,050	$ 410	$ 2,122	$ 1,002
Operating Costs and Expenses:
Operating expenses	259	182	509	375
General and administrative expenses	34	32	72	58
Merger-related expenses	3	0	4	0
Restructuring charges	1	2	7	12
Depreciation, depletion and amortization	100	84	196	197
Impairments	0	655	0	2,134
Taxes, other than income taxes	27	10	51	23
Total operating costs and expense	757	1,166	1,528	3,248
Operating Income (Loss)	293	(756)	594	(2,246)
Interest Expense:
Interest on debt	48	40	98	80
Other interest charges	3	3	6	5
Interest capitalized	(21)	(21)	(43)	(44)
Total interest expense	30	22	61	41
Gain (Loss) on Derivatives	(871)	(109)	(1,062)	230
Gain on Early Extinguishment of Debt	0	7	0	35
Other Income (Loss), Net	(1)	0	0	1
Loss Before Income Taxes	(609)	(880)	(529)	(2,021)
Provision (Benefit) for Income Taxes:
Current	0	0	0	(2)
Deferred	0	0	0	408
Total provision (benefit) from income taxes	0	0	0	406
Net Loss	$ (609)	$ (880)	$ (529)	$ (2,427)
Loss Per Common Share:
Basic (in dollars per share)	$ (0.90)	$ (1.63)	$ (0.78)	$ (4.49)
Diluted (in dollars per share)	$ (0.90)	$ (1.63)	$ (0.78)	$ (4.49)
Weighted Average Common Shares Outstanding:
Basic (in shares)	676,722,999	541,079,192	676,057,534	540,693,841
Diluted (in shares)	676,722,999	541,079,192	676,057,534	540,693,841
Gas sales
Operating Revenues:
Total operating revenues	$ 433	$ 164	$ 897	$ 412
Oil sales
Operating Revenues:
Total operating revenues	106	19	187	71
NGL sales
Operating Revenues:
Total operating revenues	179	40	352	90
Marketing
Operating Revenues:
Total operating revenues	332	187	684	426
Other
Operating Revenues:
Total operating revenues	0	0	2	3
Marketing purchases
Operating Costs and Expenses:
Marketing purchases	$ 333	$ 201	$ 689	$ 449

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net loss		$ (609)	$ 80	$ (880)	$ (1,547)	$ (529)	$ (2,427)
Change in value of pension and other postretirement liabilities:
Settlement adjustment	[1]	3		0		3	0
Comprehensive income (loss)		$ (606)	$ 80	$ (880)	$ (1,547)	$ (526)	$ (2,427)
[1]	Net of $1 million tax benefits for the three and six months ended June 30, 2021 and for the six months ended June 30, 2020. Tax benefits for the three months ended June 30, 2020 were immaterial.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Defined benefit plan, tax	$ 1	$ 0	$ 1	$ 1

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 2	$ 13
Accounts receivable, net	408	368
Derivative assets	132	241
Other current assets	51	49
Total current assets	593	671
Natural gas and oil properties, using the full cost method, including $1,485 million as of June 30, 2021 and $1,472 million as of December 31, 2020 excluded from amortization	27,796	27,261
Other	496	523
Less: Accumulated depreciation, depletion and amortization	(23,846)	(23,673)
Total property and equipment, net	4,446	4,111
Operating lease assets	147	163
Deferred tax assets	0	0
Other long-term assets	208	215
Total long-term assets	355	378
TOTAL ASSETS	5,394	5,160
Current liabilities:
Current portion of long-term debt	207	0
Accounts payable	653	573
Taxes payable	62	74
Interest payable	57	58
Derivative liabilities	901	245
Current operating lease liabilities	41	42
Other current liabilities	23	20
Total current liabilities	1,944	1,012
Long-term debt	2,814	3,150
Long-term operating lease liabilities	104	117
Long-term derivative liabilities	355	183
Pension and other postretirement liabilities	33	45
Other long-term liabilities	162	156
Total long-term liabilities	3,468	3,651
Commitments and contingencies (Note 12)
Equity/(deficit):
Common stock, $0.01 par value; 1,250,000,000 shares authorized; issued 721,372,443 shares as of June 30, 2021 and 718,795,700 shares as of December 31, 2020	7	7
Additional paid-in capital	5,104	5,093
Accumulated deficit	(4,892)	(4,363)
Accumulated other comprehensive loss	(35)	(38)
Common stock in treasury, 44,353,224 shares as of June 30, 2021 and December 31, 2020	(202)	(202)
Total equity/(deficit)	(18)	497
TOTAL LIABILITIES AND EQUITY	$ 5,394	$ 5,160

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Natural gas and oil properties, using the full cost method, costs excluded from amortization	$ 1,485	$ 1,472
Common stock, par value (in dollars per shares)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,250,000,000	1,250,000,000
Common stock, shares issued (in shares)	721,372,443	718,795,700
Treasury stock, shares (in shares)	44,353,224	44,353,224

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Cash Flows From Operating Activities:
Net loss	$ (609)	$ (880)	$ (529)	$ (2,427)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, depletion and amortization	100	84	196	197
Amortization of debt issuance costs			4	4
Impairments	0	655	0	2,134
Deferred income taxes	0	0	0	408
(Gain) loss on derivatives, unsettled			941	(17)
Stock-based compensation	2	1	2	2
Gain on early extinguishment of debt	0	(7)	0	(35)
Other			1	0
Change in assets and liabilities:
Accounts receivable			(40)	94
Accounts payable			75	(121)
Taxes payable			(12)	(11)
Interest payable			0	(1)
Inventories			3	6
Other assets and liabilities			(24)	21
Net cash provided by operating activities			617	254
Cash Flows From Investing Activities:
Capital investments			(493)	(472)
Proceeds from sale of property and equipment			2	2
Other			(1)	0
Net cash used in investing activities			(492)	(470)
Cash Flows From Financing Activities:
Payments on long-term debt			0	(72)
Payments on revolving credit facility			(1,782)	(919)
Borrowings under revolving credit facility			1,650	1,221
Change in bank drafts outstanding			0	(8)
Debt issuance/amendment costs			(1)	0
Cash paid for tax withholding			(3)	(1)
Net cash provided by (used in) financing activities			(136)	221
Increase (decrease) in cash and cash equivalents			(11)	5
Cash and cash equivalents at beginning of year			13	5
Cash and cash equivalents at end of period	$ 2	$ 10	$ 2	$ 10

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions		Total		Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Common Stock in Treasury
Balance (in shares) at Dec. 31, 2019				585,555,923				44,353,224
Balance beginning at Dec. 31, 2019		$ 3,246		$ 6	$ 4,726	$ (1,251)	$ (33)	$ (202)
Comprehensive income (loss):
Net (loss) income		(1,547)				(1,547)
Comprehensive income (loss)		(1,547)
Stock-based compensation		1			1
Issuance of restricted stock (in shares)				12,397
Cancellation of restricted stock (in shares)				(167,130)
Restricted units granted (in shares)				1,005,976
Restricted units granted		1			1
Tax withholding - stock compensation (in shares)				(383,731)
Balance (in shares) at Mar. 31, 2020				586,023,435				44,353,224
Balance ending at Mar. 31, 2020		1,701		$ 6	4,728	(2,798)	(33)	$ (202)
Balance (in shares) at Dec. 31, 2019				585,555,923				44,353,224
Balance beginning at Dec. 31, 2019		3,246		$ 6	4,726	(1,251)	(33)	$ (202)
Comprehensive income (loss):
Net (loss) income		(2,427)
Other comprehensive income	[1]	0
Comprehensive income (loss)		(2,427)
Balance (in shares) at Jun. 30, 2020				586,593,540				44,353,224
Balance ending at Jun. 30, 2020		823		$ 6	4,730	(3,678)	(33)	$ (202)
Balance (in shares) at Mar. 31, 2020				586,023,435				44,353,224
Balance beginning at Mar. 31, 2020		1,701		$ 6	4,728	(2,798)	(33)	$ (202)
Comprehensive income (loss):
Net (loss) income		(880)				(880)
Other comprehensive income	[1]	0
Comprehensive income (loss)		(880)
Stock-based compensation		1			1
Issuance of restricted stock (in shares)				222,489
Cancellation of restricted stock (in shares)				(1,079,515)
Restricted units granted (in shares)				1,649,294
Restricted units granted		2			2
Tax withholding - stock compensation (in shares)				(222,163)
Tax withholding – stock compensation		(1)			(1)
Balance (in shares) at Jun. 30, 2020				586,593,540				44,353,224
Balance ending at Jun. 30, 2020		823		$ 6	4,730	(3,678)	(33)	$ (202)
Balance (in shares) at Dec. 31, 2020				718,795,700				44,353,224
Balance beginning at Dec. 31, 2020		497		$ 7	5,093	(4,363)	(38)	$ (202)
Comprehensive income (loss):
Net (loss) income		80				80
Comprehensive income (loss)		80
Issuance of restricted stock (in shares)				10,067
Cancellation of restricted stock (in shares)				(405)
Restricted units granted (in shares)				2,136,882
Restricted units granted		8			8
Performance units vested (in shares)				1,001,505
Performance units vested		4			4
Tax withholding - stock compensation (in shares)				(748,627)
Tax withholding – stock compensation		(3)			(3)
Balance (in shares) at Mar. 31, 2021				721,195,122				44,353,224
Balance ending at Mar. 31, 2021		586		$ 7	5,102	(4,283)	(38)	$ (202)
Balance (in shares) at Dec. 31, 2020				718,795,700				44,353,224
Balance beginning at Dec. 31, 2020		497		$ 7	5,093	(4,363)	(38)	$ (202)
Comprehensive income (loss):
Net (loss) income		(529)
Other comprehensive income	[1]	3
Comprehensive income (loss)		(526)
Balance (in shares) at Jun. 30, 2021				721,372,443				44,353,224
Balance ending at Jun. 30, 2021		(18)		$ 7	5,104	(4,892)	(35)	$ (202)
Balance (in shares) at Mar. 31, 2021				721,195,122				44,353,224
Balance beginning at Mar. 31, 2021		586		$ 7	5,102	(4,283)	(38)	$ (202)
Comprehensive income (loss):
Net (loss) income		(609)				(609)
Other comprehensive income		3	[1]				3
Comprehensive income (loss)		(606)
Stock-based compensation		2			2
Issuance of restricted stock (in shares)				148,700
Restricted units granted (in shares)				41,879
Tax withholding - stock compensation (in shares)				(13,258)
Balance (in shares) at Jun. 30, 2021				721,372,443				44,353,224
Balance ending at Jun. 30, 2021		$ (18)		$ 7	$ 5,104	$ (4,892)	$ (35)	$ (202)
[1]	Net of $1 million tax benefits for the three and six months ended June 30, 2021 and for the six months ended June 30, 2020. Tax benefits for the three months ended June 30, 2020 were immaterial.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Southwestern Energy Company (including its subsidiaries, collectively “Southwestern” or the “Company”) is an independent energy company engaged in natural gas, oil and NGL exploration, development and production (“E&P”). The Company is also focused on creating and capturing additional value through its marketing business (“Marketing”), which was previously referred to as “Midstream” when it included the operation of gathering systems. Southwestern conducts most of its business through subsidiaries and operates principally in two segments: E&P and Marketing. E&P. Southwestern’s primary business is the exploration for and production of natural gas, oil and NGLs, with ongoing operations focused on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia and Ohio. The Company’s operations in northeast Pennsylvania, herein referred to as “Northeast Appalachia,” are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale. Operations in West Virginia, Ohio and southwest Pennsylvania, herein referred to as “Southwest Appalachia,” are focused on the Marcellus Shale, the Utica and the Upper Devonian unconventional natural gas and oil reservoirs. Collectively, Southwestern refers to its properties located in Pennsylvania, Ohio and West Virginia as “Appalachia.” The Company also operates drilling rigs located in Appalachia, and provides certain oilfield products and services, principally serving the Company’s E&P activities through vertical integration. Marketing. Southwestern’s marketing activities capture opportunities that arise through the marketing and transportation of natural gas, oil and NGLs primarily produced in its E&P operations. The accompanying consolidated financial statements were prepared using accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission. Certain information relating to the Company’s organization and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been appropriately condensed or omitted in this Quarterly Report. The comparability of certain 2021 amounts to prior periods could be impacted as a result of the Montage Merger (as defined below) with Montage Resources Corporation (“Montage”) in November 2020. The Company believes the disclosures made are adequate to make the information presented not misleading. The consolidated financial statements contained in this report include all normal and recurring material adjustments that, in the opinion of management, are necessary for a fair statement of the financial position, results of operations and cash flows for the interim periods presented herein. It is recommended that these consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 (“2020 Annual Report”). The Company’s significant accounting policies, which have been reviewed and approved by the Audit Committee of the Company’s Board of Directors, are summarized in Note 1 in the Notes to the Consolidated Financial Statements included in the Company’s 2020 Annual Report.

ACQUISITION

ACQUISITION	6 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
ACQUISITION	ACQUISITION Indigo Natural Resources Merger On June 1, 2021, Southwestern entered into an Agreement and Plan of Merger with Ikon Acquisition Company, LLC (“Ikon”), Indigo Natural Resources LLC (“Indigo”) and Ibis Unitholder Representative LLC (the “Indigo Merger Agreement”). Pursuant to the terms of the Indigo Merger Agreement, Indigo will merge with and into Ikon, a subsidiary of Southwestern, with Indigo surviving the merger (the “Indigo Merger”). The outstanding equity interests in Indigo will be cancelled and converted into the right to receive (i) $400 million in cash consideration, and (ii) 339,270,568 shares of Southwestern common stock, in each case, subject to adjustment as provided in the Indigo Merger Agreement. Additionally, Southwestern will assume $700 million in aggregate principal amount of 5.375% Senior Notes due 2029 of Indigo (the “Indigo Notes”). The shares of Southwestern common stock had an aggregate dollar value equal to $1.6 billion, based on the volume weighted average sales price as traded on the New York Stock Exchange of such shares calculated for the thirty trading day period ending on May 28, 2021. Following the closing of the Indigo Merger, Southwestern’s existing shareholders and Indigo’s existing equity holders will own approximately 67% and 33%, respectively, of the outstanding shares of the combined company. The transaction is expected to close in the second half of 2021, subject to customary closing conditions, including the approval of Southwestern’s shareholders. The Company has recorded approximately $2 million in transaction expenses for the three and six months ended June 30, 2021 related to the Indigo Merger. Montage Resources Merger On August 12, 2020, Southwestern entered into an Agreement and Plan of Merger (the “Montage Agreement and Plan of Merger”) with Montage whereby Montage would merge with and into Southwestern, with Southwestern continuing as the surviving company (the "Montage Merger"). On November 12, 2020, Montage’s stockholders voted to approve the Montage Merger and it was made effective on November 13, 2020. The Montage Merger added to Southwestern’s oil and gas portfolio in Appalachia. In exchange for each share of Montage common stock, Montage stockholders received 1.8656 shares of Southwestern common stock, plus cash in lieu of any fractional share of Southwestern common stock that otherwise would have been issued, based on the average price of $3.05 per share of Southwestern common stock on the NYSE on November 13, 2020. Following the closing of the Montage Merger, Southwestern's existing shareholders and Montage's existing shareholders owned approximately 90% and 10%, respectively, of the outstanding shares of the combined company. In anticipation of the Montage Merger, in August 2020 Southwestern issued $350 million of new senior unsecured notes and 63,250,000 shares of common stock for $152 million after deducting underwriting discounts and offering expenses. The Company used the net proceeds from the debt and common stock offerings and borrowings under its revolving credit facility to fund a redemption of $510 million aggregate principal amount of Montage's outstanding 8.875% senior notes due 2023 (the “Montage Notes”) and related accrued interest in connection with the closing of the Montage Merger. See Note 7 and Note 11 for additional information. The Montage Merger constituted a business combination and was accounted for using the acquisition method of accounting. The following table presents the fair value of consideration transferred to Montage stockholders as a result of the Montage Merger: (in millions, except share, per share amounts) As of November 13, 2020 Shares of Southwestern common stock issued in respect of outstanding Montage common stock 67,311,166 Shares of Southwestern common stock issued in respect of Montage stock-based awards 2,429,682 69,740,848 NYSE closing price per share of Southwestern common shares on November 13, 2020 $ 3.05 Total consideration (fair value of Southwestern common shares issued) $ 213 Increase in Southwestern common stock ($0.01 par value per share) 1 Increase in Southwestern additional paid-in capital $ 212 The assets acquired and liabilities assumed were recorded at their preliminary estimated fair values at the date of the Montage Merger. The following table sets forth the fair value of the assets acquired and liabilities assumed as of the acquisition date. Although the purchase price allocation is substantially complete as of the date of this filing, there may be further adjustments to the Company’s natural gas and oil properties as the studies necessary to determine the fair value are finalized. These amounts will be finalized no later than one year from the acquisition date. For the six months ended June 30, 2021 there were no changes to the allocation presented in the 2020 Form 10-K. (in millions) As of November 13, 2020 Consideration: Fair value of Southwestern’s stock issued on November 13, 2020 $ 213 Fair Value of Assets Acquired: Cash and cash equivalents 3 Accounts receivable 73 Other current assets 1 Commodity derivative assets 11 Evaluated oil and gas properties 1,012 Unevaluated oil and gas properties 90 Other property, plant and equipment 28 Other long-term assets 26 Total assets acquired 1,244 Fair Value of Liabilities Assumed: Accounts payable 145 Other current liabilities 49 Derivative liabilities 70 Revolving credit facility 200 Senior unsecured notes 522 Asset retirement obligations 28 Other noncurrent liabilities 17 Total liabilities assumed 1,031 Net Assets Acquired and Liabilities Assumed $ 213 For the six months ended June 30, 2021, revenues and operating income associated with the operations acquired through the Montage Merger totaled $250 million and $121 million, respectively. The following table presents selected unaudited pro forma condensed financial information for the three and six months ended June 30, 2020 as if the Montage Merger had occurred on January 1, 2019: Pro forma results (in millions, except per share amounts) For the three months ended For the six months ended Revenues $ 501 $ 1,226 Loss from continuing operations $ (925) $ (2,415) The unaudited pro forma information is not necessarily indicative of the operating results that would have occurred had the Montage Merger been completed at January 1, 2019, nor is it necessarily indicative of future operating results of the combined entity. The unaudited pro forma information gives effect to the Montage Merger and related equity and debt issuances along with the use of proceeds therefrom as if they had occurred on January 1, 2019. The unaudited pro forma information for 2020 is a result of combining the statements of operations of Southwestern with the pre-Montage Merger results of Montage from January 1, 2020 and included adjustments for revenues and direct expenses. The pro forma results exclude any cost savings anticipated as a result of the Montage Merger and the impact of any Montage Merger-related costs. The pro forma results include adjustments to DD&A (depreciation, depletion and amortization) based on the purchase price allocated to property, plant, and equipment and the estimated useful lives as well as adjustments to interest expense. Interest expense was adjusted to reflect the retirement of the Montage senior notes, the Montage credit facility, all related accrued interest and the associated decrease in amortization of issuance costs related to the Montage notes and revolving line of credit. This decrease was partially offset by increases in interest on debt associated with the issuance of $350 million in new 8.375% Senior Notes due 2028 related to the Southwestern debt offering and borrowings under Southwestern’s credit facility used to pay off the Montage notes, Montage credit facility and related accrued interest. Management believes the estimates and assumptions are reasonable, and the relative effects of the Montage Merger are properly reflected. Montage Merger-Related Expenses For the three and six months ended June 30, 2021, the Company incurred $1 million and $2 million, respectively, in Montage Merger-related expenses primarily related to one-time severance costs and the accelerated vesting of certain Montage share-based awards, based on the terms of the Montage Agreement and Plan of Merger, for former Montage employees that continued to assist with the transition into 2021.

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES	6 Months Ended
	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES	RESTRUCTURING CHARGES On February 24, 2021, the Company notified employees of a workforce reduction plan as part of an ongoing strategic effort to reposition its portfolio, optimize operational performance and improve margins. Affected employees were offered a severance package, which included a one-time payment depending on length of service and, if applicable, the current value of unvested long-term incentive awards that were forfeited. These costs were recognized as restructuring charges for the three and six months ended June 30, 2021, and were substantially complete by the end of the first quarter of 2021. In February 2020, the Company notified employees of a workforce reduction plan as a result of a strategic realignment of the Company’s organizational structure. Affected employees were offered a severance package, which included a one-time payment depending on length of service and, if applicable, the current value of unvested long-term incentive awards that were forfeited. These costs were recognized as restructuring charges for the three months ended June 30, 2020, and were substantially complete by the end of the first quarter of 2020. The following table presents a summary of the restructuring charges included in Operating Income (Loss) for the three and six months ended June 30, 2021 and 2020: For the three months ended June 30, For the six months ended June 30, (in millions) 2021 2020 2021 2020 Severance (including payroll taxes) (1) $ 1 $ 2 $ 7 $ 12 (1) Total restructuring charges were $1 million and $2 million for the Company’s E&P segment for the three months ended June 30, 2021 and 2020, respectively, and $7 million and $12 million for the Company’s E&P segment for the six months ended June 30, 2021 and 2020, respectively. The following table presents a reconciliation of the liability associated with the Company’s restructuring activities at June 30, 2021, which is reflected in accounts payable on the consolidated balance sheet: (in millions) Liability at December 31, 2020 $ 3 Additions 7 Distributions (10) Liability at June 30, 2021 $ —

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION Revenues from Contracts with Customers Natural gas and liquids. Natural gas, oil and NGL sales are recognized when control of the product is transferred to the customer at a designated delivery point. The pricing provisions of the Company’s contracts are primarily tied to a market index with certain adjustments based on factors such as delivery, quality of the product and prevailing supply and demand conditions in the geographic areas in which the Company operates. Under the Company’s sales contracts, the delivery of each unit of natural gas, oil and NGLs represents a separate performance obligation, and revenue is recognized at the point in time when the performance obligations are fulfilled. There is no significant financing component to the Company’s revenues as payment terms are typically within 30 to 60 days of control transfer. Furthermore, consideration from a customer corresponds directly with the value to the customer of the Company’s performance completed to date. As a result, the Company recognizes revenue in the amount for which the Company has a right to invoice and has not disclosed information regarding its remaining performance obligations. The Company records revenue from its natural gas and liquids production in the amount of its net revenue interest in sales from its properties. Accordingly, natural gas and liquid sales are not recognized for deliveries in excess of the Company’s net revenue interest, while natural gas and liquid sales are recognized for any under-delivered volumes. Production imbalances are generally recorded as receivables and payables and not contract assets or contract liabilities as the imbalances are between the Company and other working interest owners, not the end customer. Marketing. The Company, through its marketing affiliate, markets natural gas, oil and NGLs for its affiliated E&P company as well as other joint interest owners that choose to market with the Company. In addition, the Company markets some products purchased from third parties. Marketing revenues for natural gas, oil and NGL sales are recognized when control of the product is transferred to the customer at a designated delivery point. The pricing provisions of the Company’s contracts are primarily tied to market indices with certain adjustments based on factors such as delivery, quality of the product and prevailing supply and demand conditions. Under the Company’s marketing contracts, the delivery of each unit of natural gas, oil and NGLs represents a separate performance obligation, and revenue is recognized at the point in time when the performance obligations are fulfilled. Customers are invoiced and revenues are recorded each month as natural gas, oil and NGLs are delivered, and payment terms are typically within 30 to 60 days of control transfer. Furthermore, consideration from a customer corresponds directly with the value to the customer of the Company’s performance completed to date. As a result, the Company recognizes revenue in the amount for which the Company has a right to invoice and has not disclosed information regarding its remaining performance obligations. Disaggregation of Revenues The Company presents a disaggregation of E&P revenues by product on the consolidated statements of operations net of intersegment revenues. The following table reconciles operating revenues as presented on the consolidated statements of operations to the operating revenues by segment: (in millions) E&P Marketing Intersegment Total Three months ended June 30, 2021 Gas sales $ 421 $ — $ 12 $ 433 Oil sales 105 — 1 106 NGL sales 178 — 1 179 Marketing — 983 (651) 332 Total $ 704 $ 983 $ (637) $ 1,050 Three months ended June 30, 2020 Gas sales $ 155 $ — $ 9 $ 164 Oil sales 16 — 3 19 NGL sales 40 — — 40 Marketing — 389 (202) 187 Total $ 211 $ 389 $ (190) $ 410 (in millions) E&P Marketing Intersegment Total Six months ended June 30, 2021 Gas sales $ 872 $ — $ 25 $ 897 Oil sales 185 — 2 187 NGL sales 351 — 1 352 Marketing — 1,979 (1,295) 684 Other (1) 1 1 — 2 Total $ 1,409 $ 1,980 $ (1,267) $ 2,122 Six months ended June 30, 2020 Gas sales $ 394 $ — $ 18 $ 412 Oil sales 68 — 3 71 NGL sales 90 — — 90 Marketing — 937 (511) 426 Other (2) 3 — — 3 Total $ 555 $ 937 $ (490) $ 1,002 (1) For the six months ended June 30, 2021, other E&P revenues consists primarily of gains on purchaser imbalances associated with certain NGLs and other Marketing revenues consists primarily of sales of gas from storage. (2) For the six months ended June 30, 2020, other E&P revenues consists primarily of gains on purchaser imbalances associated with certain NGLs. Associated E&P revenues are also disaggregated for analysis on a geographic basis by the core areas in which the Company operates, which are in Pennsylvania, West Virginia and Ohio. For the three months For the six months (in millions) 2021 2020 2021 2020 Northeast Appalachia $ 230 $ 117 $ 493 $ 312 Southwest Appalachia 474 94 915 243 Other — — 1 — Total $ 704 $ 211 $ 1,409 $ 555 Receivables from Contracts with Customers The following table reconciles the Company’s receivables from contracts with customers to consolidated accounts receivable as presented on the consolidated balance sheet: (in millions) June 30, 2021 December 31, 2020 Receivables from contracts with customers $ 391 $ 350 Other accounts receivable 17 18 Total accounts receivable $ 408 $ 368 Amounts recognized against the Company’s allowance for doubtful accounts related to receivables arising from contracts with customers were immaterial for the three and six months ended June 30, 2021 and 2020. The Company has no contract assets or contract liabilities associated with its revenues from contracts with customers.

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	6 Months Ended
	Jun. 30, 2021
Cash and Cash Equivalents [Abstract]
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS The following table presents a summary of cash and cash equivalents as of June 30, 2021 and December 31, 2020: (in millions) June 30, 2021 December 31, 2020 Cash $ 2 $ 13 Marketable securities (1) — — Total $ 2 $ 13 (1) Typically consists of government stable value money market funds.

NATURAL GAS AND OIL PROPERTIES

NATURAL GAS AND OIL PROPERTIES	6 Months Ended
	Jun. 30, 2021
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
NATURAL GAS AND OIL PROPERTIES	NATURAL GAS AND OIL PROPERTIES The Company utilizes the full cost method of accounting for costs related to the exploration, development and acquisition of natural gas and oil properties. Under this method, all such costs (productive and nonproductive), including salaries, benefits and other internal costs directly attributable to these activities, are capitalized on a country-by-country basis and amortized over the estimated lives of the properties using the units-of-production method. These capitalized costs are subject to a ceiling test that limits such pooled costs, net of applicable deferred taxes, to the aggregate of the present value of future net revenues attributable to proved natural gas, oil and NGL reserves discounted at 10% (standardized measure). Any costs in excess of the ceiling are written off as a non-cash expense. The expense may not be reversed in future periods, even though higher natural gas, oil and NGL prices may subsequently increase the ceiling. Companies using the full cost method are required to use the average quoted price from the first day of each month from the previous 12 months, including the impact of derivatives designated for hedge accounting, to calculate the ceiling value of their reserves. The Company had no hedge positions that were designated for hedge accounting as of June 30, 2021. Prices used to calculate the ceiling value of reserves were as follows: June 30, 2021 June 30, 2020 Natural gas (per MMBtu) $ 2.43 $ 2.07 Oil (per Bbl) $ 49.78 $ 47.17 NGLs (per Bbl) $ 17.06 $ 8.87 Using the average quoted prices above, adjusted for market differentials, the Company’s net book value of its United States natural gas and oil properties did not exceed the ceiling amount at June 30, 2021. Decreases in market prices as well as changes in production rates, levels of reserves, evaluation of costs excluded from amortization, future development costs and production costs could result in future ceiling test impairments. No impairment expense was recorded for the six months ended June 30, 2021 in relation to the recently acquired Montage natural gas and oil properties. These properties were recorded at fair value as of November 13, 2020, in accordance with Accounting Standards Codification (“ASC”) Topic 820 – Fair Value Measurement. In the fourth quarter of 2020, pursuant to SEC guidance, the Company determined that the fair value of the properties acquired at the closing of the Montage Merger clearly exceeded the related full-cost ceiling limitation beyond a reasonable doubt and received a waiver from the SEC to exclude the properties acquired in the Montage Merger from the ceiling test calculation. This waiver was granted for all reporting periods through and including the quarter ending September 30, 2021, as long as the Company can continue to demonstrate that the fair value of properties acquired clearly exceeds the full cost ceiling limitation beyond a reasonable doubt in each reporting period. As part of the waiver received from the SEC, the Company is required to disclose what the full cost ceiling test impairment amounts for all periods presented in each applicable quarterly and annual filing would have been if the waiver had not been granted. The fair value of the properties acquired in the Montage Merger was based on forward natural gas and oil pricing existing at the date of the Montage Merger, and the Company affirmed that there has not been a material decline to the fair value of these acquired assets since the Montage Merger. The properties acquired in the Montage Merger have an unamortized cost at June 30, 2021 of $1,130 million. Due to the improvement in commodity prices in the second quarter of 2021, no impairment charge would have been recorded for the three and six months ended June 30, 2021 had the recently acquired Montage natural gas and oil properties been included in the full cost ceiling test. The Company’s net book value of its United States natural gas and oil properties exceeded the ceiling by $1.5 billion at March 31, 2020 and $650 million at June 30, 2020, resulting in a non-cash ceiling test impairment for the first and second quarters of 2020.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding during the reportable period. The diluted earnings per share calculation adds to the weighted average number of common shares outstanding: the incremental shares that would have been outstanding assuming the exercise of dilutive stock options, the vesting of unvested restricted shares of common stock, restricted stock units and performance units. An antidilutive impact is an increase in earnings per share or a reduction in net loss per share resulting from the conversion, exercise or contingent issuance of certain securities. In August 2020, the Company completed an underwritten public offering of 63,250,000 shares of its common stock with an offering price to the public of $2.50 per share. Net proceeds after deducting underwriting discounts and offering expenses were approximately $152 million. See Note 2 for additional details regarding the Company’s use of proceeds from the equity offering. The following table presents the computation of earnings per share for the three and six months ended June 30, 2021 and 2020: For the three months ended June 30, For the six months ended June 30, (in millions, except share/per share amounts) 2021 2020 2021 2020 Net loss $ (609) $ (880) $ (529) $ (2,427) Number of common shares: Weighted average outstanding 676,722,999 541,079,192 676,057,534 540,693,841 Issued upon assumed exercise of outstanding stock options — — — — Effect of issuance of non-vested restricted common stock — — — — Effect of issuance of non-vested restricted units — — — — Effect of issuance of non-vested performance units — — — — Weighted average and potential dilutive outstanding 676,722,999 541,079,192 676,057,534 540,693,841 Loss per common share Basic $ (0.90) $ (1.63) $ (0.78) $ (4.49) Diluted $ (0.90) $ (1.63) $ (0.78) $ (4.49) The following table presents the common stock shares equivalent excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2021 and 2020, as they would have had an antidilutive effect: For the three months ended June 30, For the six months ended June 30, 2021 2020 2021 2020 Unexercised stock options 3,733,971 4,548,735 3,764,362 4,566,648 Unvested share-based payment 721,633 902,615 805,791 1,024,867 Restricted stock units 2,917,427 2,631,727 4,059,473 2,983,352 Performance units 2,832,043 2,712,207 2,934,615 2,096,041 Total 10,205,074 10,795,284 11,564,241 10,670,908

DERIVATIVES AND RISK MANAGEMENT

DERIVATIVES AND RISK MANAGEMENT	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND RISK MANAGEMENT	DERIVATIVES AND RISK MANAGEMENT The Company is exposed to volatility in market prices and basis differentials for natural gas, oil and NGLs which impacts the predictability of its cash flows related to the sale of those commodities. These risks are managed by the Company’s use of certain derivative financial instruments. As of June 30, 2021, the Company’s derivative financial instruments consisted of fixed price swaps, two-way costless collars, three-way costless collars, basis swaps, call options, swaptions and interest rate swaps. A description of the Company’s derivative financial instruments is provided below: Fixed price swaps If the Company sells a fixed price swap, the Company receives a fixed price for the contract and pays a floating market price to the counterparty. If the Company purchases a fixed price swap, the Company receives a floating market price for the contract and pays a fixed price to the counterparty. Two-way costless collars Arrangements that contain a fixed floor price (“purchased put option”) and a fixed ceiling price (“sold call option”) based on an index price which, in aggregate, have no net cost. At the contract settlement date, (1) if the index price is higher than the ceiling price, the Company pays the counterparty the difference between the index price and ceiling price, (2) if the index price is between the floor and ceiling prices, no payments are due from either party, and (3) if the index price is below the floor price, the Company will receive the difference between the floor price and the index price. Three-way costless collars Arrangements that contain a purchased put option, a sold call option and a sold put option based on an index price that, in aggregate, have no net cost. At the contract settlement date, (1) if the index price is higher than the sold call strike price, the Company pays the counterparty the difference between the index price and sold call strike price, (2) if the index price is between the purchased put strike price and the sold call strike price, no payments are due from either party, (3) if the index price is between the sold put strike price and the purchased put strike price, the Company will receive the difference between the purchased put strike price and the index price, and (4) if the index price is below the sold put strike price, the Company will receive the difference between the purchased put strike price and the sold put strike price. Basis swaps Arrangements that guarantee a price differential for natural gas from a specified delivery point. If the Company sells a basis swap, the Company receives a payment from the counterparty if the price differential is greater than the stated terms of the contract and pays the counterparty if the price differential is less than the stated terms of the contract. If the Company purchases a basis swap, the Company pays the counterparty if the price differential is greater than the stated terms of the contract and receives a payment from the counterparty if the price differential is less than the stated terms of the contract. Options (Calls and Puts) The Company purchases and sells options in exchange for premiums. If the Company purchases a call option, the Company receives from the counterparty the excess (if any) of the market price over the strike price of the call option at the time of settlement, but if the market price is below the call’s strike price, no payment is due from either party. If the Company sells a call option, the Company pays the counterparty the excess (if any) of the market price over the strike price of the call option at the time of settlement, but if the market price is below the call’s strike price, no payment is due from either party. If the Company purchases a put option, the Company receives from the counterparty the excess (if any) of the strike price over the market price of the put option at the time of settlement, but if the market price is above the put’s strike price, no payment is due from either party. If the Company sells a put option, the Company pays the counterparty the excess (if any) of the strike price over the market price of the put option at the time of settlement, but if the market price is above the put’s strike price, no payment is due from either party. Swaptions Instruments that refer to an option to enter into a fixed price swap. In exchange for an option premium, the purchaser gains the right but not the obligation to enter a specified swap agreement with the issuer for specified future dates. If the Company sells a swaption, the counterparty has the right to enter into a fixed price swap wherein the Company receives a fixed price for the contract and pays a floating market price to the counterparty. If the Company purchases a swaption, the Company has the right to enter into a fixed price swap wherein the Company receives a floating market price for the contract and pays a fixed price to the counterparty. Interest rate swaps Interest rate swaps are used to fix or float interest rates on existing or anticipated indebtedness. The purpose of these instruments is to manage the Company’s existing or anticipated exposure to unfavorable interest rate changes. The Company contracts with counterparties for its derivative instruments that it believes are creditworthy at the time the transactions are entered into, and the Company actively monitors the credit ratings and credit default swap rates of these counterparties where applicable. However, there can be no assurance that a counterparty will be able to meet its obligations to the Company. The fair value of the Company’s derivative assets and liabilities includes a non-performance risk factor. See Note 10 for additional details regarding the Company’s fair value measurements of its derivatives position. The Company presents its derivatives position on a gross basis and does not net the asset and liability positions. The following tables provide information about the Company’s financial instruments that are sensitive to changes in commodity prices and that are used to protect the Company’s exposure. None of the financial instruments below are designated for hedge accounting treatment. The tables present the notional amount, the weighted average contract prices and the fair value by expected maturity dates as of June 30, 2021: Financial Protection on Production Weighted Average Price per MMBtu Volume (Bcf) Swaps Sold Puts Purchased Puts Sold Calls Basis Differential Fair Value at June 30, 2021 (in millions) Natural Gas 2021 Fixed price swaps 103 $ 2.80 $ — $ — $ — $ — $ (87) Two-way costless collars 140 — — 2.62 2.97 — (101) Three-way costless collars 153 — 2.18 2.51 2.86 — (127) Total 396 $ (315) 2022 Fixed price swaps 268 $ 2.72 $ — $ — $ — $ — $ (119) Two-way costless collars 125 — — 2.65 3.04 — (46) Three-way costless collars 333 — 2.06 2.51 2.94 — (127) Total 726 $ (292) 2023 Fixed price swaps 23 $ 2.70 $ — $ — $ — $ — $ (3) Two-way costless collars 34 — — 2.50 2.72 — (3) Three-way costless collars 215 — 2.09 2.54 3.00 — (34) Total 272 $ (40) 2024 Three-way costless collars 11 $ — $ 2.25 $ 2.80 $ 3.54 $ — $ (1) Basis Swaps 2021 166 $ — $ — $ — $ — $ (0.47) $ 62 2022 261 — — — — (0.40) 40 2023 163 — — — — (0.53) 7 2024 40 — — — — (0.70) 2 2025 9 — — — — (0.64) 1 Total 639 $ 112 Volume (MBbls) Weighted Average Strike Price per Bbl Fair Value at June 30, 2021 (in millions) Swaps Sold Puts Purchased Puts Sold Calls Oil 2021 Fixed price swaps 1,739 $ 50.10 $ — $ — $ — $ (37) Two-way costless collars 92 — — 37.50 45.50 (2) Three-way costless collars 1,152 — 39.22 49.05 54.35 (20) Total 2,983 $ (59) 2022 Fixed price swaps 3,203 $ 53.54 $ — $ — $ — $ (39) Three-way costless collars 1,380 — 39.89 50.23 57.05 (15) Total 4,583 $ (54) 2023 Fixed price swaps 846 $ 55.98 $ — $ — $ — $ (4) Three-way costless collars 1,268 — 33.97 45.51 56.12 (12) Total 2,114 $ (16) 2024 Fixed price swaps 54 $ 53.15 $ — $ — $ — $ — Ethane 2021 Fixed price swaps 3,284 $ 7.64 $ — $ — $ — $ (17) Two-way costless collars 294 — — 7.14 10.40 (1) Total 3,578 $ (18) 2022 Fixed price swaps 2,362 $ 8.97 $ — $ — $ — $ (6) Two-way costless collars 135 — — 7.56 9.66 — Total 2,497 $ (6) Propane 2021 Fixed price swaps 4,261 $ 24.00 $ — $ — $ — $ (84) 2022 Fixed price swaps 4,092 $ 25.90 $ — $ — $ — $ (42) Three-way costless collars 305 — 16.80 21.00 31.92 (2) Total 4,397 $ (44) Normal Butane 2021 Fixed price swaps 1,245 $ 29.04 $ — $ — $ — $ (27) 2022 Fixed price swaps 1,295 $ 29.16 $ — $ — $ — $ (16) Natural Gasoline 2021 Fixed price swaps 1,281 $ 43.58 $ — $ — $ — $ (29) 2022 Fixed price swaps 1,201 $ 45.76 $ — $ — $ — $ (17) Other Derivative Contracts Volume (Bcf) Weighted Average Strike Price per MMBtu Fair Value at June 30, 2021 (in millions) Call Options – Natural Gas (Net) 2021 38 $ 3.19 $ (21) 2022 77 3.00 (34) 2023 46 2.94 (14) 2024 9 3.00 (4) Total 170 $ (73) Put Options – Natural Gas 2021 9 $ 2.00 $ — 2022 5 2.00 — Total 14 $ — Volume (MBbls) Weighted Average Strike Price per Bbl Fair Value at June 30, 2021 (in millions) Call Options – Oil 2021 114 $ 60.00 $ (1) Volume (Bcf) Weighted Average Strike Price per MMBtu Fair Value at June 30, 2021 (in millions) Swaptions – Natural Gas 2021 (1) 18 $ 3.00 $ (5) (1) The Company has sold swaptions with an underlying tenor of January 2022 to December 2022, with an exercise date of December 23, 2021. Volume (Bcf) Weighted Average Strike Price per MMBtu Fair Value at June 30, 2021 (in millions) Swaps Basis Differential Storage (1) 2021 Purchased fixed price swaps 1 $ 2.45 $ — $ 1 Purchased basis swaps 1 — (0.88) — Fixed price swaps 1 2.59 — (1) Basis swaps — — (0.89) — Total 3 $ — 2022 Purchased fixed price swaps — $ 2.14 $ — $ — Fixed price swaps 2 2.82 — (1) Basis swaps 1 — (0.57) — Total 3 $ (1) (1) The Company has entered into certain derivatives to protect the value of volumes of natural gas injected into a storage facility that will be withdrawn and sold at a later date. Purchased Fixed Price Swaps – Marketing (Natural Gas) (1) Volume (Bcf) Weighted Average Strike Price per MMBtu Fair Value at June 30, 2021 (in millions) 2021 2 $ 2.44 $ 3 (1) The Company has entered into a limited number of derivatives to protect the value of certain long-term sales contracts. At June 30, 2021, the net fair value of the Company’s financial instruments related to commodities was a $983 million liability and included a net reduction of the liability of $2 million related to non-performance risk. See Note 10 for additional details regarding the Company’s fair value measurements of its derivatives position. As of June 30, 2021, the Company had no positions designated for hedge accounting treatment. Gains and losses on derivatives that are not designated for hedge accounting treatment, or do not meet hedge accounting requirements, are recorded as a component of gain (loss) on derivatives on the consolidated statements of operations. Accordingly, the gain (loss) on derivatives component of the statement of operations reflects the gain and losses on both settled and unsettled derivatives. Only the settled gains and losses are included in the Company’s realized commodity price calculations. The balance sheet classification of the assets and liabilities related to derivative financial instruments (none of which are designated for hedge accounting treatment) is summarized below as of June 30, 2021 and December 31, 2020: Derivative Assets Fair Value (in millions) Balance Sheet Classification June 30, 2021 December 31, 2020 Derivatives not designated as hedging instruments: Purchased fixed price swaps – natural gas Derivative assets $ 3 $ 1 Fixed price swaps – natural gas Derivative assets 1 37 Fixed price swaps – oil Derivative assets — 13 Two-way costless collars – natural gas Derivative assets 16 54 Three-way costless collars – natural gas Derivative assets 18 57 Three-way costless collars – oil Derivative assets 1 15 Basis swaps – natural gas Derivative assets 83 60 Call options – natural gas Derivative assets 9 4 Purchased fixed price swaps – natural gas storage Derivative assets 1 — Fixed price swaps – natural gas Other long-term assets — 7 Fixed price swaps – oil Other long-term assets — 2 Two-way costless collars – natural gas Other long-term assets 12 20 Three-way costless collars – natural gas Other long-term assets 68 87 Three-way costless collars – oil Other long-term assets 5 15 Basis swaps – natural gas Other long-term assets 56 15 Interest rate swaps Other long-term assets 1 — Total derivative assets $ 274 $ 387 Derivative Liabilities Fair Value (in millions) Balance Sheet Classification June 30, 2021 December 31, 2020 Derivatives not designated as hedging instruments: Fixed price swaps – natural gas Derivative liabilities $ 158 $ 7 Fixed price swaps – oil Derivative liabilities 58 12 Fixed price swaps – ethane Derivative liabilities 21 10 Fixed price swaps – propane Derivative liabilities 110 36 Fixed price swaps – normal butane Derivative liabilities 36 8 Fixed price swaps – natural gasoline Derivative liabilities 39 13 Two-way costless collars – natural gas Derivative liabilities 151 43 Two-way costless collars – oil Derivative liabilities 2 1 Two-way costless collars – ethane Derivative liabilities 1 — Three-way costless collars – natural gas Derivative liabilities 217 82 Three-way costless collars – oil Derivative liabilities 29 15 Three-way costless collars – propane Derivative liabilities 1 — Basis swaps – natural gas Derivative liabilities 19 3 Call options – natural gas Derivative liabilities 51 12 Call options – oil Derivative liabilities 1 — Put options – natural gas Derivative liabilities — 1 Swaptions – natural gas Derivative liabilities 5 2 Fixed price swaps – natural gas storage Derivative liabilities 2 — Fixed price swaps – natural gas Long-term derivative liabilities 52 3 Fixed price swaps – oil Long-term derivative liabilities 22 2 Fixed price swaps – ethane Long-term derivative liabilities 2 — Fixed price swaps – propane Long-term derivative liabilities 16 2 Fixed price swaps – normal butane Long-term derivative liabilities 7 1 Fixed price swaps – natural gasoline Long-term derivative liabilities 7 2 Two-way costless collars – natural gas Long-term derivative liabilities 27 21 Three-way costless collars – natural gas Long-term derivative liabilities 158 102 Three-way costless collars – oil Long-term derivative liabilities 24 15 Three-way costless collars – propane Long-term derivative liabilities 1 — Basis swap – natural gas Long-term derivative liabilities 8 7 Call options – natural gas Long-term derivative liabilities 31 28 Total derivative liabilities $ 1,256 $ 428 The following tables summarize the before-tax effect of the Company’s derivative instruments on the consolidated statements of operations for the three and six months ended June 30, 2021 and 2020: Unsettled Gain (Loss) on Derivatives Recognized in Earnings Consolidated Statement of Operations Classification of Gain (Loss) on Derivatives, Unsettled For the three months ended June 30, For the six months ended June 30, Derivative Instrument 2021 2020 2021 2020 (in millions) Purchased fixed price swaps – natural gas Gain (Loss) on Derivatives $ 2 $ 1 $ 2 $ — Fixed price swaps – natural gas Gain (Loss) on Derivatives (221) (39) (243) 64 Fixed price swaps – oil Gain (Loss) on Derivatives (41) (39) (81) 74 Fixed price swaps – ethane Gain (Loss) on Derivatives (11) (22) (13) (10) Fixed price swaps – propane Gain (Loss) on Derivatives (43) (44) (88) (8) Fixed price swaps – normal butane Gain (Loss) on Derivatives (19) — (34) — Fixed price swaps – natural gasoline Gain (Loss) on Derivatives (11) — (31) — Two-way costless collars – natural gas Gain (Loss) on Derivatives (148) (7) (160) (11) Two-way costless collars – oil Gain (Loss) on Derivatives — (10) (1) 9 Two-way costless collars – ethane Gain (Loss) on Derivatives (1) — (1) — Two-way costless collars – propane Gain (Loss) on Derivatives — (3) — (1) Three-way costless collars – natural gas Gain (Loss) on Derivatives (249) (45) (249) (96) Three-way costless collars – oil Gain (Loss) on Derivatives (29) (6) (47) 19 Three-way costless collars – propane Gain (Loss) on Derivatives (1) — (2) — Basis swaps – natural gas Gain (Loss) on Derivatives 44 (13) 47 (14) Call options – natural gas Gain (Loss) on Derivatives (40) (4) (37) (9) Call options – oil Gain (Loss) on Derivatives — — (1) 1 Put options – natural gas Gain (Loss) on Derivatives 1 — 1 — Swaptions – natural gas Gain (Loss) on Derivatives (4) — (3) — Purchased fixed price swap – natural gas storage Gain (Loss) on Derivatives 1 — 1 (1) Fixed price swap – natural gas storage Gain (Loss) on Derivatives (2) 1 (2) — Interest rate swaps Gain (Loss) on Derivatives — 1 1 — Total gain (loss) on unsettled derivatives $ (772) $ (229) $ (941) $ 17 Settled Gain (Loss) on Derivatives Recognized in Earnings (1) Consolidated Statement of Operations Classification of Gain (Loss) on Derivatives, Settled For the three months ended June 30, For the six months ended June 30, Derivative Instrument 2021 2020 2021 2020 (in millions) Purchased fixed price swaps – natural gas Gain (Loss) on Derivatives $ 1 $ (1) $ 1 $ (2) Fixed price swaps – natural gas Gain (Loss) on Derivatives (6) 84 (2) (1) 89 (2) Fixed price swaps – oil Gain (Loss) on Derivatives (28) 18 (45) 27 Fixed price swaps – ethane Gain (Loss) on Derivatives (6) 2 (10) 8 Fixed price swaps – propane Gain (Loss) on Derivatives (30) 7 (60) 17 Fixed price swaps – normal butane Gain (Loss) on Derivatives (9) — (16) — Fixed price swaps – natural gasoline Gain (Loss) on Derivatives (13) — (22) — Two-way costless collars – natural gas Gain (Loss) on Derivatives (2) — — 6 Two-way costless collars – oil Gain (Loss) on Derivatives (1) 6 (2) 9 Two-way costless collars – propane Gain (Loss) on Derivatives — 1 — 2 Three-way costless collars – natural gas Gain (Loss) on Derivatives (8) 7 (7) 43 Three-way costless collars – oil Gain (Loss) on Derivatives (5) 3 (6) 4 Basis swaps – natural gas Gain (Loss) on Derivatives 8 (7) 49 9 Put options – natural gas Gain (Loss) on Derivatives — — (2) (3) — Fixed price swaps – natural gas storage Gain (Loss) on Derivatives — — — 1 Total gain (loss) on settled derivatives $ (99) $ 120 $ (121) $ 213 Total gain (loss) on derivatives $ (871) $ (109) $ (1,062) $ 230 (1) The Company calculates gain (loss) on derivatives, settled, as the summation of gains and losses on positions that settled within the period. (2) Includes $4 million amortization of premiums paid related to certain natural gas fixed price options for the three and six months ended June 30, 2020, which is included in gain (loss) on derivatives on the consolidated statements of operations.

RECLASSIFICATIONS FROM ACCUMULA

RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Changes in accumulated other comprehensive income for the first six months of 2021 were related to the Company’s pension and other postretirement benefits. The following tables detail the components of accumulated other comprehensive income and the related tax effects for the six months ended June 30, 2021: (in millions) Pension and Other Postretirement Foreign Currency Total Beginning balance December 31, 2020 $ (24) $ (14) $ (38) Other comprehensive income before reclassifications — — — Amounts reclassified from other comprehensive income (1) 3 — 3 Net current-period other comprehensive income 3 — 3 Ending balance June 30, 2021 $ (21) $ (14) $ (35) Details about Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statement of Operations Amount Reclassified from Accumulated Other Comprehensive Income For the six months ended (in millions) Pension and other postretirement: Settlement adjustment (1) Other Income (Loss), Net $ 4 Provision (Benefit) for Income Taxes 1 Net Income $ 3 Total reclassifications for the period Net Income $ 3 (1) See Note 14 for additional details regarding the Company’s pension and other postretirement benefit plans.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Assets and liabilities measured at fair value on a recurring basis The carrying amounts and estimated fair values of the Company’s financial instruments as of June 30, 2021 and December 31, 2020 were as follows: June 30, 2021 December 31, 2020 (in millions) Carrying Fair Carrying Fair Cash and cash equivalents $ 2 $ 2 $ 13 $ 13 2018 revolving credit facility due April 2024 568 568 700 700 Senior notes (1) 2,471 2,684 2,471 2,609 Derivative instruments, net (982) (982) (41) (41) (1) Excludes unamortized debt issuance costs and debt discounts. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value. As presented in the tables below, this hierarchy consists of three broad levels: Level 1 valuations - Consist of unadjusted quoted prices in active markets for identical assets and liabilities and have the highest priority. Level 2 valuations - Consist of quoted market information for the calculation of fair market value. Level 3 valuations - Consist of internal estimates and have the lowest priority. The carrying values of cash and cash equivalents, including marketable securities, accounts receivable, other current assets, accounts payable and other current liabilities on the consolidated balance sheets approximate fair value because of their short-term nature. For debt and derivative instruments, the following methods and assumptions were used to estimate fair value: Debt: The fair values of the Company’s senior notes are based on the market value of the Company’s publicly traded debt as determined based on the market prices of the Company’s senior notes. The fair value of the Company’s 4.10% Senior Notes due March 2022 is considered to be a Level 2 measurement on the fair value hierarchy. The fair values of the Company’s remaining senior notes are considered the be a Level 1 measurement. The carrying values of the borrowings under the Company’s revolving credit facility (to the extent utilized) approximates fair value because the interest rate is variable and reflective of market rates. The Company considers the fair value of its revolving credit facility to be a Level 1 measurement on the fair value hierarchy. Derivative Instruments: The Company measures the fair value of its derivative instruments based upon a pricing model that utilizes market-based inputs, including, but not limited to, the contractual price of the underlying position, current market prices, natural gas and liquids forward curves, discount rates such as the LIBOR curve for a similar duration of each outstanding position, volatility factors and non-performance risk. Non-performance risk considers the effect of the Company’s credit standing on the fair value of derivative liabilities and the effect of counterparty credit standing on the fair value of derivative assets. Both inputs to the model are based on published credit default swap rates and the duration of each outstanding derivative position. As of June 30, 2021 and December 31, 2020, the impact of non-performance risk on the fair value of the Company’s net derivative asset position was a decrease of the net liability of $2 million and $1 million, respectively. The Company has classified its derivative instruments into levels depending upon the data utilized to determine their fair values. The Company’s fixed price swaps (Level 2) are estimated using third-party discounted cash flow calculations using the New York Mercantile Exchange (“NYMEX”) futures index for natural gas and oil derivatives and Oil Price Information Service (“OPIS”) for ethane and propane derivatives. The Company utilizes discounted cash flow models for valuing its interest rate derivatives (Level 2). The net derivative values attributable to the Company’s interest rate derivative contracts as of December 31, 2020 are based on (i) the contracted notional amounts, (ii) active market-quoted London Interbank Offered Rate (“LIBOR”) yield curves and (iii) the applicable credit-adjusted risk-free rate yield curve. The Company’s call and put options, two-way costless collars and three-way costless collars (Level 2) are valued using the Black-Scholes model, an industry standard option valuation model that takes into account inputs such as contract terms, including maturity, and market parameters, including assumptions of the NYMEX and OPIS futures index, interest rates, volatility and credit worthiness. Inputs to the Black-Scholes model, including the volatility input, are obtained from a third-party pricing source, with independent verification of the most significant inputs on a monthly basis. An increase (decrease) in volatility would result in an increase (decrease) in fair value measurement, respectively. Swaptions are valued using a variant of the Black-Scholes model referred to as the Black Swaption model, which uses its own separate volatility inputs. The Company’s basis swaps (Level 2) are estimated using third-party calculations based upon forward commodity price curves. Assets and liabilities measured at fair value on a recurring basis are summarized below: June 30, 2021 Fair Value Measurements Using: (in millions) Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets (Liabilities) at Fair Value Assets Purchased fixed price swaps $ — $ 3 $ — $ 3 Fixed price swaps — 1 — 1 Two-way costless collars — 28 — 28 Three-way costless collars — 92 — 92 Basis swaps — 139 — 139 Call options — 9 — 9 Purchased fixed price swaps – storage — 1 — 1 Interest rate swaps — 1 — 1 Liabilities Fixed price swaps — (528) — (528) Two-way costless collars — (181) — (181) Three-way costless collars — (430) — (430) Basis swaps — (27) — (27) Call options — (83) — (83) Swaptions — (5) — (5) Fixed price swaps – storage — (2) — (2) Total (1) $ — $ (982) $ — $ (982) (1) Includes a net reduction to the liability fair value of $2 million related to estimated nonperformance risk. December 31, 2020 Fair Value Measurements Using: (in millions) Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets (Liabilities) at Fair Value Assets Purchased fixed price swaps $ — $ 1 $ — $ 1 Fixed price swaps — 59 — 59 Two-way costless collars — 74 — 74 Three-way costless collars — 174 — 174 Basis swaps — 75 — 75 Call options — 4 — 4 Liabilities Fixed price swaps — (96) — (96) Two-way costless collars — (65) — (65) Three-way costless collars — (214) — (214) Basis swaps — (10) — (10) Call options — (40) — (40) Put options — (1) — (1) Swaptions — (2) — (2) Total (1) $ — $ (41) $ — $ (41) (1) Includes a net reduction to the liability fair value of $1 million related to estimated nonperformance risk.

DEBT

DEBT	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
DEBT	DEBT The components of debt as of June 30, 2021 and December 31, 2020 consisted of the following: June 30, 2021 (in millions) Debt Instrument Unamortized Issuance Expense Unamortized Debt Discount Total Current portion of long-term debt: 4.10% Senior Notes due March 2022 $ 207 $ — $ — $ 207 Total current portion of long-term debt $ 207 $ — $ — $ 207 Long-term debt: Variable rate (2.10% at June 30, 2021) 2018 revolving credit facility due April 2024 $ 568 $ — (1) $ — $ 568 4.95% Senior Notes due January 2025 (2) 856 (4) (1) 851 7.50% Senior Notes due April 2026 618 (5) — 613 7.75% Senior Notes due October 2027 440 (4) — 436 8.375% Senior Notes due September 2028 350 (5) — 345 Total long-term debt $ 2,832 $ (18) $ (1) $ 2,813 Total debt $ 3,039 $ (18) $ (1) $ 3,020 December 31, 2020 (in millions) Debt Instrument Unamortized Issuance Expense Unamortized Debt Discount Total Long-term debt: Variable rate (2.11% at December 31, 2020) 2018 term loan facility due April 2024 $ 700 $ — (1) $ — $ 700 4.10% Senior Notes due March 2022 207 — — 207 4.95% Senior Notes due January 2025 (2) 856 (4) (1) 851 7.50% Senior Notes due April 2026 618 (6) — 612 7.75% Senior Notes due October 2027 440 (5) — 435 8.375% Senior Notes due September 2028 350 (5) — 345 Total long-term debt $ 3,171 $ (20) $ (1) $ 3,150 (1) At June 30, 2021 and December 31, 2020, unamortized issuance expense of $11 million and $12 million, respectively, associated with the 2018 credit facility (as defined below) was classified as other long-term assets on the consolidated balance sheets. (2) Effective in July 2018, the interest rate was 6.20% for the 2025 Notes, reflecting a net downgrade in the Company’s bond ratings since the initial offering. On April 7, 2020, S&P downgraded the Company’s bond rating to BB-, which had the effect of increasing the interest rate on the 2025 Notes to 6.45% following the July 23, 2020 interest payment date. The first coupon payment to the bondholders at the higher interest rate was paid in January 2021. On June 2, 2021 in conjunction with the announcement of the Indigo Merger, S&P placed the Company’s bond rating on credit watch for a potential positive upgrade. Interest savings from any potential upgrade would be realized for coupon payments paid after January 2022. The following is a summary of scheduled debt maturities by year as of June 30, 2021: (in millions) 2021 $ — 2022 207 2023 — 2024 (1) 568 2025 856 Thereafter 1,408 $ 3,039 (1) The Company’s current revolving credit facility matures in 2024. Credit Facilities 2018 Revolving Credit Facility In April 2018, the Company replaced its credit facility that was entered into in 2016 with a new revolving credit facility (the “2018 credit facility”) with a group of banks that, as amended, has a maturity date of April 2024. The 2018 credit facility has an aggregate maximum revolving credit amount of $3.5 billion and, in March 2021, the banks participating in the 2018 credit facility reaffirmed the elected borrowing base and aggregate commitments to be $2.0 billion. The borrowing base is subject to redetermination at least twice a year, in April and October, and is secured by substantially all of the assets owned by the Company and its subsidiaries. The permitted lien provisions in certain senior note indentures currently limit liens securing indebtedness to the greater of $2.0 billion or 25% of adjusted consolidated net tangible assets. The Company may utilize the 2018 credit facility in the form of loans and letters of credit. Loans under the 2018 credit facility are subject to varying rates of interest based on whether the loan is a Eurodollar loan or an alternate base rate loan. Eurodollar loans bear interest at the Eurodollar rate, which is adjusted LIBOR for such interest period plus the applicable margin (as those terms are defined in the 2018 credit facility documentation). The applicable margin for Eurodollar loans under the 2018 credit facility, as amended, ranges from 1.75% to 2.75% based on the Company’s utilization of the 2018 credit facility. Alternate base rate loans bear interest at the alternate base rate plus the applicable margin. The applicable margin for alternate base rate loans under the 2018 credit facility, as amended, ranges from 0.75% to 1.75% based on the Company’s utilization of the 2018 credit facility. The 2018 credit facility contains customary representations and warranties and contains covenants including, among others, the following: • a prohibition against incurring debt, subject to permitted exceptions; • a restriction on creating liens on assets, subject to permitted exceptions; • restrictions on mergers and asset dispositions; • restrictions on use of proceeds, investments, transactions with affiliates, or change of principal business; and • maintenance of the following financial covenants, commencing with the fiscal quarter ending June 30, 2018: 1. Minimum current ratio of no less than 1.00 to 1.00, whereby current ratio is defined as the Company’s consolidated current assets (including unused commitments under the credit agreement, but excluding non-cash derivative assets) to consolidated current liabilities (excluding non-cash derivative obligations and current maturities of long-term debt). 2. Maximum total net leverage ratio of no greater than, with respect to each fiscal quarter ending on or after June 30, 2020, 4.00 to 1.00. Total net leverage ratio is defined as total debt less cash on hand (up to the lesser of 10% of credit limit or $150 million) divided by consolidated EBITDAX for the last four consecutive quarters. EBITDAX, as defined in the credit agreement governing the Company’s 2018 credit facility, excludes the effects of interest expense, depreciation, depletion and amortization, income tax, any non-cash impacts from impairments, certain non-cash hedging activities, stock-based compensation expense, non-cash gains or losses on asset sales, unamortized issuance cost, unamortized debt discount and certain restructuring costs. The 2018 credit facility contains customary events of default that include, among other things, the failure to comply with the financial covenants described above, non-payment of principal, interest or fees, violation of covenants, inaccuracy of representations and warranties, bankruptcy and insolvency events, material judgments and cross-defaults to material indebtedness. If an event of default occurs and is continuing, all amounts outstanding under the 2018 credit facility may become immediately due and payable. As of June 30, 2021, the Company was in compliance with all of the covenants contained in the credit agreement governing the 2018 credit facility. Each United States domestic subsidiary of the Company for which the Company owns 100% guarantees the 2018 credit facility. Pursuant to requirements under the indentures governing its senior notes, each subsidiary that became a guarantor of the 2018 credit facility also became a guarantor of each of the Company’s senior notes. As of June 30, 2021, the Company had $233 million in letters of credit and $568 million borrowings outstanding under the 2018 credit facility. The Company currently does not anticipate being required to supply a materially greater amount of letters of credit under its existing contracts. The Company’s debt exposure to the anticipated transition from LIBOR in late 2021 is limited to the 2018 credit facility. Upon announcement by the administrator of LIBOR identifying a specific date for LIBOR cessation, the credit agreement governing the 2018 credit facility will be amended to reference an alternative rate as established by JP Morgan, as Administrative Agent, and the Company. The alternative rate will be based on the prevailing market convention and is expected to be the Secured Overnight Financing Rate (“SOFR”). Senior Notes In January 2015, the Company completed a public offering of $1.0 billion aggregate principal amount of its 4.95% senior notes due 2025 (the “2025 Notes”). The interest rate on the 2025 Notes is determined based upon the public bond ratings from Moody’s and S&P. Downgrades on the 2025 Notes from either rating agency increase interest costs by 25 basis points per downgrade level and upgrades decrease interest costs by 25 basis points per upgrade level, up to the stated coupon rate, on the following semi-annual bond interest payment. Effective in July 2018, the interest rate for the 2025 Notes was 6.20%, reflecting a net downgrade in the Company’s bond ratings since the initial offering. On April 7, 2020, S&P downgraded the Company’s bond rating to BB-, which had the effect of increasing the interest rate on the 2025 Notes to 6.45% following the July 23, 2020 interest payment date. The first coupon payment to the 2025 Notes bondholders at the higher interest rate was paid in January 2021. On June 2, 2021 in conjunction with the announcement of the Indigo Merger, S&P placed the Company’s bond rating on credit watch for a potential positive upgrade. Interest savings on the 2025 Notes from any potential upgrade would be realized for coupon payments paid after January 2022. In the first half of 2020, the Company repurchased $6 million of its 4.10% Senior Notes due 2022, $36 million of its 4.95% Senior Notes due 2025, $21 million of its 7.50% Senior Notes due 2026 and $44 million of its 7.75% Senior Notes due 2027 for $72 million, and recognized a $35 million gain on the extinguishment of debt. In August 2020, the Company completed a public offering of $350 million aggregate principal amount of its 8.375% Senior Notes due 2028 (the “2028 Notes”), with net proceeds from the offering totaling approximately $345 million after underwriting discounts and offering expenses. The 2028 Notes were sold to the public at 100% of their face value. The net proceeds from the notes, in conjunction with the net proceeds from the August 2020 common stock offering and borrowings under the revolving credit facility, were utilized to fund a redemption of $510 million of Montage’s Notes in connection with the closing of the Montage Merger. On June 1, 2021, Southwestern entered into the Indigo Merger Agreement. Upon the close of the Indigo Merger, and pursuant to the terms of the Indigo Merger Agreement, Southwestern will assume $700 million in aggregate principal amount of 5.375% Senior Notes due 2029 of Indigo. The transaction is expected to close in the second half of 2021, subject to customary closing conditions, including the approval of Southwestern’s shareholders.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Operating Commitments and Contingencies As of June 30, 2021, the Company’s contractual obligations for demand and similar charges under firm transportation and gathering agreements to guarantee access capacity on natural gas and liquids pipelines and gathering systems totaled approximately $8.3 billion, $369 million of which related to access capacity on future pipeline and gathering infrastructure projects that still require the granting of regulatory approvals and additional construction efforts. The Company also had guarantee obligations of up to $895 million of that amount. As of June 30, 2021, future payments under non-cancelable firm transportation and gathering agreements were as follows: Payments Due by Period (in millions) Total Less than 1 1 to 3 Years 3 to 5 Years 5 to 8 Years More than 8 Infrastructure currently in service $ 7,965 $ 713 $ 1,557 $ 1,317 $ 1,744 $ 2,634 Pending regulatory approval and/or construction (1) 369 2 18 25 52 272 Total transportation charges $ 8,334 $ 715 $ 1,575 $ 1,342 $ 1,796 $ 2,906 (1) Based on estimated in-service dates as of June 30, 2021. Environmental Risk The Company is subject to laws and regulations relating to the protection of the environment. Environmental and cleanup related costs of a non-capital nature are accrued when it is both probable that a liability has been incurred and when the amount can be reasonably estimated. Management believes any future remediation or other compliance related costs will not have a material effect on the financial position, results of operations or cash flows of the Company. Litigation The Company is subject to various litigation, claims and proceedings, most of which have arisen in the ordinary course of business, such as for alleged breaches of contract, miscalculation of royalties, employment matters, traffic accidents, pollution, contamination, encroachment on others’ property or nuisance. The Company accrues for litigation, claims and proceedings when a liability is both probable and the amount can be reasonably estimated. As of June 30, 2021, the Company does not currently have any material amounts accrued related to litigation matters. For any matters not accrued for, it is not possible at this time to estimate the amount of any additional loss, or range of loss, that is reasonably possible, but, based on the nature of the claims, management believes that current litigation, claims and proceedings, individually or in aggregate and after taking into account insurance, are not likely to have a material adverse impact on the Company’s financial position, results of operations or cash flows, for the period in which the effect of that outcome becomes reasonably estimable. Many of these matters are in early stages, so the allegations and the damage theories have not been fully developed, and are all subject to inherent uncertainties; therefore, management’s view may change in the future. St. Lucie County Fire District Firefighters’ Pension Trust On October 17, 2016, the St. Lucie County Fire District Firefighters’ Pension Trust filed a putative class action in the 61st District Court in Harris County, Texas, against the Company, certain of its former officers and current and former directors and the underwriters on behalf of itself and others that purchased certain depositary shares from the Company’s January 2015 equity offering, alleging material misstatements and omissions in the registration statement for that offering. The Company removed the case to federal court, but after a decision by the United States Supreme Court in an unrelated case that these types of cases are not subject to removal, the federal court remanded the case to the Texas state court. The Texas trial court denied the Company’s motion to dismiss, and in February 2020, the court of appeals declined to exercise discretion to reverse the trial court’s decision. The Company filed a petition to review the trial court’s decision with the Texas Supreme Court, and the Court requested a response from the plaintiff. The Court subsequently requested full briefing on the merits of the case. The Company carries insurance for the claims asserted against it and the officer and director defendants, and the carrier accepted coverage. On June 15, 2021, the parties agreed to a settlement of the case without any admission of liability. The Company’s insurance carrier is fully funding the settlement amount. The trial court has issued an order preliminarily approving the settlement. A hearing on final approval of the settlement is set for October 21, 2021. Indemnifications The Company has provided certain indemnifications to various third parties, including in relation to asset and entity dispositions, securities offerings and other financings, and litigation, such as the St. Lucie County Fire District Firefighters’ Pension Trust case described above. In the case of asset dispositions, these indemnifications typically relate to disputes, litigation or tax matters existing at the date of disposition. The Company likewise obtains indemnification for future matters when it sells assets, although there is no assurance the buyer will be capable of performing those obligations. In the case of equity offerings, these indemnifications typically relate to claims asserted against underwriters in connection with an offering. No material liabilities have been recognized in connection with these indemnifications.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2021
Income Tax Expense (Benefit), Continuing Operations [Abstract]
INCOME TAXES	INCOME TAXES The Company’s effective tax rate was approximately 0% for the three and six months ended June 30, 2021. The effective tax rate for the three and six months June 30, 2021 related to the effects of a valuation allowance against the Company’s U.S. deferred tax assets. A valuation allowance for deferred tax assets, including net operating losses, is recognized when it is more likely than not that some or all of the benefit from the deferred tax assets will not be realized. To assess that likelihood, the Company uses estimates and judgment regarding future taxable income, and considers the tax consequences in the jurisdiction where such taxable income is generated, to determine whether a valuation allowance is required. Such evidence can include current financial position, results of operations, both actual and forecasted, the reversal of deferred tax liabilities and tax planning strategies as well as current and forecasted business economics of the oil and gas industry. In the first quarter of 2020, due to significant pricing declines and the material write-down of the carrying value of the Company’s natural gas and oil properties in addition to other negative evidence, the Company concluded that it was more likely than not that these deferred tax assets will not be realized and recorded a discrete tax expense of $408 million for the increase in its valuation allowance. The net change in valuation allowance is reflected as a component of income tax expense. The Company also retained a valuation allowance of $87 million related to net operating losses in jurisdictions in which it no longer operates. Management will continue to assess available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit the use of deferred tax assets. The amount of the deferred tax asset considered realizable, however, could be adjusted based on changes in subjective estimates of future taxable income or if objective negative evidence is no longer present. The Company’s effective tax rate was approximately 0% and (20)% for the three and six months ended June 30, 2020, respectively. The effective tax rate for the six months ended June 30, 2020 was primarily the effect of recording the valuation allowance discussed above. The Company adopted Accounting Standards Update No. 2019-12 (“ASU 2019-12”) in the current period. ASU 2019-12 addressed simplification to income tax accounting rules, such as removing a few exceptions to intraperiod allocation. There was no material impact to the financial statements as a result of this adoption.

PENSION PLAN AND OTHER POSTRETI

PENSION PLAN AND OTHER POSTRETIREMENT BENEFITS	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
PENSION PLAN AND OTHER POSTRETIREMENT BENEFITS	PENSION PLAN AND OTHER POSTRETIREMENT BENEFITS The Company maintains defined pension and other postretirement benefit plans, which cover substantially all of the Company’s employees. As part of ongoing effort to reduce costs, the Company elected to freeze its pension plan effective January 1, 2021. Employees that were participants in the pension plan prior to January 1, 2021 will continue to receive the interest component of the plan but will no longer receive the service component. Net periodic pension costs include the following components for the three and six months ended June 30, 2021 and 2020: Consolidated Statements of For the three months ended June 30, For the six months ended June 30, (in millions) 2021 2020 2021 2020 Service cost General and administrative expenses $ — $ 2 $ — $ 4 Interest cost Other Income (Loss), Net 1 1 2 2 Expected return on plan assets Other Income (Loss), Net (2) (2) (3) (3) Amortization of net loss Other Income (Loss), Net — — — — Settlement loss Other Income (Loss), Net 1 — 1 — Net periodic benefit cost $ — $ 1 $ — $ 3 The Company recognized a $1 million non-cash settlement loss related to $4 million of lump sum payments from the pension plan in the first half of 2021. As a result of settlement accounting requirements, the Company recorded a $3 million reduction to its net pension liability in the second quarter of 2021, with a corresponding reduction to accumulated other comprehensive loss. The Company’s other postretirement benefit plan had a net periodic benefit cost of less than $1 million and less than $1 million for the three months ended June 30, 2021 and 2020, respectively, and $1 million and $1 million for the six months ended June 30, 2021 and 2020, respectively. As of June 30, 2021, the Company has contributed $9 million to the pension and other postretirement benefit plans and expects to contribute an additional $3 million to its pension plan during the remainder of 2021. The Company recognized liabilities of $21 million and $14 million related to its pension and other postretirement benefits, respectively, as of June 30, 2021, compared to liabilities of $33 million and $13 million as of December 31, 2020, respectively. The Company maintains a non-qualified deferred compensation supplemental retirement savings plan (“Non-Qualified Plan”) for certain key employees who may elect to defer and contribute a portion of their compensation, as permitted by the Non-Qualified Plan. Shares of the Company’s common stock purchased under the terms of the Non-Qualified Plan are included in treasury stock and totaled 2,035 shares and 3,632 shares at June 30, 2021 and December 31, 2020, respectively.

LONG-TERM INCENTIVE COMPENSATIO

LONG-TERM INCENTIVE COMPENSATION	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]
LONG-TERM INCENTIVE COMPENSATION	LONG-TERM INCENTIVE COMPENSATION The Company’s long-term incentive compensation plans consist of a combination of stock-based awards that derive their value directly or indirectly from the Company’s common stock price, and cash-based awards that are fixed in amount but subject to meeting annual performance thresholds. Stock-Based Compensation The Company’s stock-based compensation is classified as either equity awards or liability awards in accordance with GAAP. The fair value of an equity-classified award is determined at the grant date and is amortized to general and administrative expense on a straight-line basis over the vesting period of the award. A portion of this general and administrative expense is capitalized into natural gas and oil properties, included in property and equipment. The fair value of a liability-classified award is determined on a quarterly basis beginning at the grant date until final vesting. Changes in the fair value of liability-classified awards are recorded to general and administrative expense and capitalized expense over the vesting period of the award. Generally, stock options granted to employees and directors vest ratably over three years from the grant date and expire seven years from the date of grant. The Company issues shares of restricted stock, restricted stock units or performance cash awards to employees and directors which generally vest over four years. Restricted stock, restricted stock units, performance cash awards and stock options granted to participants under the 2013 Incentive Plan, as amended and restated, immediately vest upon death, disability or retirement (subject to a minimum of three years of service). The Company issues performance unit awards to employees which historically have vested at or over three years. In February of 2021 and 2020, the Company notified employees of workforce reduction plans as a result of strategic realignments of the Company’s organizational structure. These reductions were substantially complete by the end of the first quarter of each respective year. Affected employees were offered a severance package which, if applicable, included the current value of unvested long-term incentive awards that were forfeited. The Company recognized the following amounts in total employee stock-based compensation costs for the three and six months ended June 30, 2021 and 2020: For the three months ended June 30, For the six months ended June 30, (in millions) 2021 2020 2021 2020 Stock-based compensation cost – expensed $ 9 $ 6 $ 22 $ 6 Stock-based compensation cost – capitalized 5 1 10 1 Equity-Classified Awards The Company recognized the following amounts in employee equity-classified stock-based compensation costs for the three and six months ended June 30, 2021 and 2020: For the three months ended June 30, For the six months ended June 30, (in millions) 2021 2020 2021 2020 Equity-classified awards – expensed $ 2 $ 1 $ 2 $ 2 Equity-classified awards – capitalized — — — — As of June 30, 2021, there was less than $1 million of total unrecognized compensation cost related to the Company’s unvested equity-classified stock option grants, equity-classified restricted stock grants and equity-classified performance units. This cost is expected to be recognized over a weighted-average period of 1.4 years. Equity-Classified Stock Options The following table summarizes equity-classified stock option activity for the six months ended June 30, 2021 and provides information for options outstanding and options exercisable as of June 30, 2021: Number Weighted Average (in thousands) Outstanding at December 31, 2020 3,850 $ 13.39 Granted — $ — Exercised — $ — Forfeited or expired (151) $ 32.21 Outstanding at June 30, 2021 3,699 $ 12.63 Exercisable at June 30, 2021 3,699 $ 12.63 Equity-Classified Restricted Stock The following table summarizes equity-classified restricted stock activity for the six months ended June 30, 2021 and provides information for unvested shares as of June 30, 2021: Number Weighted Average (in thousands) Unvested shares at December 31, 2020 697 $ 5.97 Granted 307 $ 5.30 Vested (855) $ 5.83 Forfeited — $ 8.59 Unvested shares at June 30, 2021 149 $ 5.38 Equity-Classified Restricted Stock Units As a result of the Montage Merger, certain employees became employees of Southwestern and retained their original equity awards. The following table summarizes equity-classified performance unit activity for the six months ended June 30, 2021 and provides information for unvested units as of June 30, 2021. Number Weighted Average (in thousands) Unvested units at December 31, 2020 134 $ 3.05 Granted — $ — Vested (87) $ 3.05 Forfeited — $ — Unvested units at June 30, 2021 47 $ 3.05 Liability-Classified Awards The Company recognized the following amounts in employee liability-classified stock-based compensation costs for the three and six months ended June 30, 2021: For the three months ended June 30, For the six months ended June 30, (in millions) 2021 2020 2021 2020 Liability-classified stock-based compensation cost – expensed $ 7 $ 5 $ 20 $ 4 Liability-classified stock-based compensation cost – capitalized 5 1 10 1 Liability-Classified Restricted Stock Units In the first quarter of each year beginning with 2018, the Company granted restricted stock units that vest over a period of four years and are payable in either cash or shares at the option of the Compensation Committee of the Company’s Board of Directors. The awards granted in 2021 vest over a period of three years. The Company has accounted for these as liability-classified awards, and accordingly changes in the market value of the instruments will be recorded to general and administrative expense and capitalized expense over the vesting period of the award. As of June 30, 2021, there was $25 million of total unrecognized compensation cost related to liability-classified restricted stock units that is expected to be recognized over a weighted-average period of 1.8 years. The amount of unrecognized compensation cost for liability-classified awards will fluctuate over time as they are marked to market. Number Weighted Average (in thousands) Unvested units at December 31, 2020 11,613 $ 2.67 Granted 1,486 $ 4.23 Vested (4,522) $ 3.40 Forfeited (489) $ 4.37 Unvested units at June 30, 2021 8,088 $ 4.90 Liability-Classified Performance Units In each year beginning with 2018, the Company granted performance units that vest at the end of, or over, a three-year period and are payable in either cash or shares at the option of the Compensation Committee of the Company’s Board of Directors. The Company has accounted for these as liability-classified awards, and accordingly changes in the fair market value of the instruments will be recorded to general and administrative expense and capitalized expense over the vesting period of the awards. The performance unit awards granted in 2018 include a performance condition based on cash flow per debt-adjusted share and two market conditions, one based on absolute TSR and the other on relative TSR as compared to a group of the Company’s peers. The performance unit awards granted in 2019 include performance conditions based on return on average capital employed and two market conditions, one based on absolute TSR and the other on relative TSR. The performance units granted in 2020 include a performance condition based on return on average capital employed and a market condition based on relative TSR. In the first half of 2021, two types of performance unit awards were granted. One type of award includes a performance condition based on return on capital employed and a performance condition based on a reinvestment rate, and the second type of award includes one market condition based on relative TSR. The fair values of the market conditions are calculated by Monte Carlo models on a quarterly basis. As of June 30, 2021, there was $25 million of total unrecognized compensation cost related to liability-classified performance units. This cost is expected to be recognized over a weighted-average period of 1.9 years. The amount of unrecognized compensation cost for liability-classified awards will fluctuate over time as they are marked to market. The final value of the performance unit awards is contingent upon the Company’s actual performance against these performance measures. Number Weighted Average (in thousands) Unvested units at December 31, 2020 8,699 $ 2.57 Granted 3,580 $ 4.14 Vested (2,020) $ 4.05 Forfeited (622) $ 2.98 Unvested units at June 30, 2021 9,637 $ 3.38 Cash-Based Compensation Performance Cash Awards In 2021 and 2020, the Company granted performance cash awards that vest over a four-year period and are payable in cash on an annual basis. The value of each unit of the award equals one dollar. The Company recognizes the cost of these awards as general and administrative expense and capitalized expense over the vesting period of the awards. The performance cash awards granted in 2021 and 2020 include a performance condition determined annually by the Company. For both years, the performance measure is a targeted discretionary cash flow amount. If the Company, in its sole discretion, determines that the threshold was not met, the amount for that vesting period will not vest and will be cancelled. As of June 30, 2021, there was $27 million of total unrecognized compensation cost related to performance cash awards. This cost is expected to be recognized over a weighted average 3.3 years. The final value of the performance cash awards is contingent upon the Company’s actual performance against these performance measures. Number Weighted Average Fair Value (in thousands) Unvested units at December 31, 2020 18,353 $ 1.00 Granted 18,546 $ 1.00 Vested (4,373) $ 1.00 Forfeited (2,708) $ 1.00 Unvested units at June 30, 2021 29,818 $ 1.00

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company’s reportable business segments have been identified based on the differences in products or services provided. Revenues for the E&P segment are derived from the production and sale of natural gas and liquids. The Marketing segment generates revenue through the marketing of both Company and third-party produced natural gas and liquids volumes. Summarized financial information for the Company’s reportable segments is shown in the following table. The accounting policies of the segments are the same as those described in Note 1 of the Notes to Consolidated Financial Statements included in Item 8 of the 2020 Annual Report. Management evaluates the performance of its segments based on operating income, defined as operating revenues less operating costs. Income before income taxes, for the purpose of reconciling the operating income amount shown below to consolidated income before income taxes, is the sum of operating income, interest expense, gain (loss) on derivatives, gain on early extinguishment of debt and other income (loss). The “Other” column includes items not related to the Company’s reportable segments, including real estate and corporate items. Corporate general and administrative costs, depreciation expense and taxes, other than income taxes, are allocated to the segments. E&P Marketing Other Total Three months ended June 30, 2021 (in millions) Revenues from external customers $ 718 $ 332 $ — $ 1,050 Intersegment revenues (14) 651 — 637 Depreciation, depletion and amortization expense 97 3 — 100 Operating income 286 (1) 7 — 293 Interest expense (2) 30 — — 30 Gain (loss) on derivatives (872) — 1 (871) Other loss, net (1) — — (1) Assets 4,870 (3) 408 116 5,394 Capital investments (4) 259 — — 259 Three months ended June 30, 2020 Revenues from external customers $ 223 $ 187 $ — $ 410 Intersegment revenues (12) 202 — 190 Depreciation, depletion and amortization expense 81 3 — 84 Impairments 655 — — 655 Operating loss (748) (1) (8) — (756) Interest expense (2) 22 — — 22 Loss on derivatives (109) — — (109) Gain on early extinguishment of debt — — 7 7 Other income (loss), net (1) — 1 — Assets 4,185 (3) 208 162 4,555 Capital investments (4) 245 — — 245 E&P Marketing Other Total Six months ended June 30, 2021 (in millions) Revenues from external customers $ 1,437 $ 685 $ — $ 2,122 Intersegment revenues (28) 1,295 — 1,267 Depreciation, depletion and amortization expense 191 5 — 196 Operating income 581 (1) 13 — 594 Interest expense (2) 61 — — 61 Gain (loss) on derivatives (1,063) — 1 (1,062) Assets 4,870 (3) 408 116 5,394 Capital investments (4) 525 — — 525 Six months ended June 30, 2020 Revenues from external customers $ 576 $ 426 $ — $ 1,002 Intersegment revenues (21) 511 — 490 Depreciation, depletion and amortization expense 192 5 — 197 Impairments 2,134 — — 2,134 Operating loss (2,234) (1) (12) — (2,246) Interest expense (2) 41 — — 41 Gain on derivatives 230 — — 230 Gain on early extinguishment of debt — — 35 35 Other income, net — — 1 1 Benefit from income taxes (2) 406 — — 406 Assets 4,185 (3) 208 162 4,555 Capital investments (4) 482 — — 482 (1) Operating income (loss) for the E&P segment includes $1 million and $2 million of restructuring charges for the three months ended June 30, 2021 and 2020, respectively, and $7 million and $12 million of restructuring charges for the six months ended June 30, 2021 and 2020, respectively. The E&P segment operating income (loss) also includes $3 million and $4 million of merger-related charges for the three and six months ended June 30, 2021, respectively. (2) Interest expense and provision (benefit) for income taxes by segment is an allocation of corporate amounts as they are incurred at the corporate level. (3) E&P assets includes office, technology, water infrastructure, drilling rigs and other ancillary equipment not directly related to natural gas and oil properties. (4) Capital investments include a decrease of $9 million for the three months ended June 30, 2021, and increases of $29 million and $8 million for the six months ended June 30, 2021 and 2020, respectively, relating to the change in accrued expenditures between periods. There was no change in the capital accrual for the three months ended June 30, 2020. The following table presents the breakout of other assets, which represent corporate assets not allocated to segments and assets for non-reportable segments at June 30, 2021 and 2020: As of June 30, (in millions) 2021 2020 Cash and cash equivalents $ 2 $ 10 Accounts receivable 3 — Income taxes receivable — 31 Prepayments 15 7 Property, plant and equipment 14 21 Unamortized debt expense 11 10 Right-of-use lease assets 67 77 Non-qualified retirement plan 4 5 Other — 1 $ 116 $ 162

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NEW ACCOUNTING PRONOUNCEMENTS New Accounting Standards Implemented in this Report In August 2018, the Financial Accounting Standards Board (the “FASB”) issued ASU 2018-14, Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans (“ASU 2018-14”). ASU 2018-14 amends, adds and removes certain disclosure requirements under FASB ASC Topic 715 – Compensation – Retirement Benefits. The guidance in ASU 2018-14 is effective for fiscal years beginning after December 15, 2020 and was adopted on January 1, 2021. Adoption of ASU 2018-14 will result in certain disclosure changes within the Company's footnote disclosures. The adoption of ASU 2018-14 did not have a material impact on the Company's consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 eliminates certain exceptions to the guidance in Topic 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. The new guidance also clarifies certain aspects of the existing guidance, among other things. The standard became effective for interim and annual periods beginning after December 15, 2020 and shall be applied on either a prospective basis, a retrospective basis for all periods presented, or a modified retrospective basis through a cumulative-effect adjustment to retained earnings depending on which aspects of the new standard are applicable to an entity. The Company adopted the new standard on January 1, 2021 on a prospective basis, which did not have a material impact on its consolidated financial statements. New Accounting Standards Not Yet Adopted in this Report In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform, as a new ASC Topic, ASC 848. The purpose of ASC 848 is to provide optional guidance to ease the potential effects on financial reporting of the market-wide migration away from Interbank Offered Rates, such as LIBOR, which is expected to be phased out at the end of calendar year 2021, to alternative reference rates. ASC 848 applies only to contracts, hedging relationships, debt arrangements and other transactions that reference a benchmark reference rate expected to be discontinued because of reference rate reform. ASC 848 contains optional expedients and exceptions for applying U.S. GAAP to transactions affected by this reform. The amendments in ASU 2020-04 are effective for all entities as of March 12, 2020 through December 31, 2022. The Company is currently assessing the impact of adopting this new guidance.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
New Accounting Standards Implemented in this Report and New Accounting Standards Not Yet Adopted in this Report	New Accounting Standards Implemented in this Report In August 2018, the Financial Accounting Standards Board (the “FASB”) issued ASU 2018-14, Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans (“ASU 2018-14”). ASU 2018-14 amends, adds and removes certain disclosure requirements under FASB ASC Topic 715 – Compensation – Retirement Benefits. The guidance in ASU 2018-14 is effective for fiscal years beginning after December 15, 2020 and was adopted on January 1, 2021. Adoption of ASU 2018-14 will result in certain disclosure changes within the Company's footnote disclosures. The adoption of ASU 2018-14 did not have a material impact on the Company's consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 eliminates certain exceptions to the guidance in Topic 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. The new guidance also clarifies certain aspects of the existing guidance, among other things. The standard became effective for interim and annual periods beginning after December 15, 2020 and shall be applied on either a prospective basis, a retrospective basis for all periods presented, or a modified retrospective basis through a cumulative-effect adjustment to retained earnings depending on which aspects of the new standard are applicable to an entity. The Company adopted the new standard on January 1, 2021 on a prospective basis, which did not have a material impact on its consolidated financial statements. New Accounting Standards Not Yet Adopted in this Report In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform, as a new ASC Topic, ASC 848. The purpose of ASC 848 is to provide optional guidance to ease the potential effects on financial reporting of the market-wide migration away from Interbank Offered Rates, such as LIBOR, which is expected to be phased out at the end of calendar year 2021, to alternative reference rates. ASC 848 applies only to contracts, hedging relationships, debt arrangements and other transactions that reference a benchmark reference rate expected to be discontinued because of reference rate reform. ASC 848 contains optional expedients and exceptions for applying U.S. GAAP to transactions affected by this reform. The amendments in ASU 2020-04 are effective for all entities as of March 12, 2020 through December 31, 2022. The Company is currently assessing the impact of adopting this new guidance.

ACQUISITION (Tables)

ACQUISITION (Tables)	6 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable	The following table presents the fair value of consideration transferred to Montage stockholders as a result of the Montage Merger: (in millions, except share, per share amounts) As of November 13, 2020 Shares of Southwestern common stock issued in respect of outstanding Montage common stock 67,311,166 Shares of Southwestern common stock issued in respect of Montage stock-based awards 2,429,682 69,740,848 NYSE closing price per share of Southwestern common shares on November 13, 2020 $ 3.05 Total consideration (fair value of Southwestern common shares issued) $ 213 Increase in Southwestern common stock ($0.01 par value per share) 1 Increase in Southwestern additional paid-in capital $ 212
Schedule of Business Acquisitions, by Acquisition	The following table sets forth the fair value of the assets acquired and liabilities assumed as of the acquisition date. Although the purchase price allocation is substantially complete as of the date of this filing, there may be further adjustments to the Company’s natural gas and oil properties as the studies necessary to determine the fair value are finalized. These amounts will be finalized no later than one year from the acquisition date. For the six months ended June 30, 2021 there were no changes to the allocation presented in the 2020 Form 10-K. (in millions) As of November 13, 2020 Consideration: Fair value of Southwestern’s stock issued on November 13, 2020 $ 213 Fair Value of Assets Acquired: Cash and cash equivalents 3 Accounts receivable 73 Other current assets 1 Commodity derivative assets 11 Evaluated oil and gas properties 1,012 Unevaluated oil and gas properties 90 Other property, plant and equipment 28 Other long-term assets 26 Total assets acquired 1,244 Fair Value of Liabilities Assumed: Accounts payable 145 Other current liabilities 49 Derivative liabilities 70 Revolving credit facility 200 Senior unsecured notes 522 Asset retirement obligations 28 Other noncurrent liabilities 17 Total liabilities assumed 1,031 Net Assets Acquired and Liabilities Assumed $ 213
Business Acquisition, Pro Forma Information	The following table presents selected unaudited pro forma condensed financial information for the three and six months ended June 30, 2020 as if the Montage Merger had occurred on January 1, 2019: Pro forma results (in millions, except per share amounts) For the three months ended For the six months ended Revenues $ 501 $ 1,226 Loss from continuing operations $ (925) $ (2,415)

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Summary of Restructuring Charges	The following table presents a summary of the restructuring charges included in Operating Income (Loss) for the three and six months ended June 30, 2021 and 2020: For the three months ended June 30, For the six months ended June 30, (in millions) 2021 2020 2021 2020 Severance (including payroll taxes) (1) $ 1 $ 2 $ 7 $ 12 (1) Total restructuring charges were $1 million and $2 million for the Company’s E&P segment for the three months ended June 30, 2021 and 2020, respectively, and $7 million and $12 million for the Company’s E&P segment for the six months ended June 30, 2021 and 2020, respectively. The following table presents a reconciliation of the liability associated with the Company’s restructuring activities at June 30, 2021, which is reflected in accounts payable on the consolidated balance sheet: (in millions) Liability at December 31, 2020 $ 3 Additions 7 Distributions (10) Liability at June 30, 2021 $ —

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue by Segment	The following table reconciles operating revenues as presented on the consolidated statements of operations to the operating revenues by segment: (in millions) E&P Marketing Intersegment Total Three months ended June 30, 2021 Gas sales $ 421 $ — $ 12 $ 433 Oil sales 105 — 1 106 NGL sales 178 — 1 179 Marketing — 983 (651) 332 Total $ 704 $ 983 $ (637) $ 1,050 Three months ended June 30, 2020 Gas sales $ 155 $ — $ 9 $ 164 Oil sales 16 — 3 19 NGL sales 40 — — 40 Marketing — 389 (202) 187 Total $ 211 $ 389 $ (190) $ 410 (in millions) E&P Marketing Intersegment Total Six months ended June 30, 2021 Gas sales $ 872 $ — $ 25 $ 897 Oil sales 185 — 2 187 NGL sales 351 — 1 352 Marketing — 1,979 (1,295) 684 Other (1) 1 1 — 2 Total $ 1,409 $ 1,980 $ (1,267) $ 2,122 Six months ended June 30, 2020 Gas sales $ 394 $ — $ 18 $ 412 Oil sales 68 — 3 71 NGL sales 90 — — 90 Marketing — 937 (511) 426 Other (2) 3 — — 3 Total $ 555 $ 937 $ (490) $ 1,002 (1) For the six months ended June 30, 2021, other E&P revenues consists primarily of gains on purchaser imbalances associated with certain NGLs and other Marketing revenues consists primarily of sales of gas from storage. (2) For the six months ended June 30, 2020, other E&P revenues consists primarily of gains on purchaser imbalances associated with certain NGLs.
Disaggregation of Revenue on Geographic Basis	Associated E&P revenues are also disaggregated for analysis on a geographic basis by the core areas in which the Company operates, which are in Pennsylvania, West Virginia and Ohio. For the three months For the six months (in millions) 2021 2020 2021 2020 Northeast Appalachia $ 230 $ 117 $ 493 $ 312 Southwest Appalachia 474 94 915 243 Other — — 1 — Total $ 704 $ 211 $ 1,409 $ 555
Reconciliation of Accounts Receivable	The following table reconciles the Company’s receivables from contracts with customers to consolidated accounts receivable as presented on the consolidated balance sheet: (in millions) June 30, 2021 December 31, 2020 Receivables from contracts with customers $ 391 $ 350 Other accounts receivable 17 18 Total accounts receivable $ 408 $ 368

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	6 Months Ended
	Jun. 30, 2021
Cash and Cash Equivalents [Abstract]
Summary of Cash and Cash Equivalents	The following table presents a summary of cash and cash equivalents as of June 30, 2021 and December 31, 2020: (in millions) June 30, 2021 December 31, 2020 Cash $ 2 $ 13 Marketable securities (1) — — Total $ 2 $ 13 (1) Typically consists of government stable value money market funds.

Natural Gas and Oil Properties

Natural Gas and Oil Properties (Tables)	6 Months Ended
	Jun. 30, 2021
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Oil and Gas Exploration and Production Industries Disclosures	Prices used to calculate the ceiling value of reserves were as follows: June 30, 2021 June 30, 2020 Natural gas (per MMBtu) $ 2.43 $ 2.07 Oil (per Bbl) $ 49.78 $ 47.17 NGLs (per Bbl) $ 17.06 $ 8.87

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table presents the computation of earnings per share for the three and six months ended June 30, 2021 and 2020: For the three months ended June 30, For the six months ended June 30, (in millions, except share/per share amounts) 2021 2020 2021 2020 Net loss $ (609) $ (880) $ (529) $ (2,427) Number of common shares: Weighted average outstanding 676,722,999 541,079,192 676,057,534 540,693,841 Issued upon assumed exercise of outstanding stock options — — — — Effect of issuance of non-vested restricted common stock — — — — Effect of issuance of non-vested restricted units — — — — Effect of issuance of non-vested performance units — — — — Weighted average and potential dilutive outstanding 676,722,999 541,079,192 676,057,534 540,693,841 Loss per common share Basic $ (0.90) $ (1.63) $ (0.78) $ (4.49) Diluted $ (0.90) $ (1.63) $ (0.78) $ (4.49)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table presents the common stock shares equivalent excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2021 and 2020, as they would have had an antidilutive effect: For the three months ended June 30, For the six months ended June 30, 2021 2020 2021 2020 Unexercised stock options 3,733,971 4,548,735 3,764,362 4,566,648 Unvested share-based payment 721,633 902,615 805,791 1,024,867 Restricted stock units 2,917,427 2,631,727 4,059,473 2,983,352 Performance units 2,832,043 2,712,207 2,934,615 2,096,041 Total 10,205,074 10,795,284 11,564,241 10,670,908

Derivatives and Risk Manageme_2

Derivatives and Risk Management (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments Notional Amount, Weighted Average Contract Prices and Fair Value	The following tables provide information about the Company’s financial instruments that are sensitive to changes in commodity prices and that are used to protect the Company’s exposure. None of the financial instruments below are designated for hedge accounting treatment. The tables present the notional amount, the weighted average contract prices and the fair value by expected maturity dates as of June 30, 2021: Financial Protection on Production Weighted Average Price per MMBtu Volume (Bcf) Swaps Sold Puts Purchased Puts Sold Calls Basis Differential Fair Value at June 30, 2021 (in millions) Natural Gas 2021 Fixed price swaps 103 $ 2.80 $ — $ — $ — $ — $ (87) Two-way costless collars 140 — — 2.62 2.97 — (101) Three-way costless collars 153 — 2.18 2.51 2.86 — (127) Total 396 $ (315) 2022 Fixed price swaps 268 $ 2.72 $ — $ — $ — $ — $ (119) Two-way costless collars 125 — — 2.65 3.04 — (46) Three-way costless collars 333 — 2.06 2.51 2.94 — (127) Total 726 $ (292) 2023 Fixed price swaps 23 $ 2.70 $ — $ — $ — $ — $ (3) Two-way costless collars 34 — — 2.50 2.72 — (3) Three-way costless collars 215 — 2.09 2.54 3.00 — (34) Total 272 $ (40) 2024 Three-way costless collars 11 $ — $ 2.25 $ 2.80 $ 3.54 $ — $ (1) Basis Swaps 2021 166 $ — $ — $ — $ — $ (0.47) $ 62 2022 261 — — — — (0.40) 40 2023 163 — — — — (0.53) 7 2024 40 — — — — (0.70) 2 2025 9 — — — — (0.64) 1 Total 639 $ 112 Volume (MBbls) Weighted Average Strike Price per Bbl Fair Value at June 30, 2021 (in millions) Swaps Sold Puts Purchased Puts Sold Calls Oil 2021 Fixed price swaps 1,739 $ 50.10 $ — $ — $ — $ (37) Two-way costless collars 92 — — 37.50 45.50 (2) Three-way costless collars 1,152 — 39.22 49.05 54.35 (20) Total 2,983 $ (59) 2022 Fixed price swaps 3,203 $ 53.54 $ — $ — $ — $ (39) Three-way costless collars 1,380 — 39.89 50.23 57.05 (15) Total 4,583 $ (54) 2023 Fixed price swaps 846 $ 55.98 $ — $ — $ — $ (4) Three-way costless collars 1,268 — 33.97 45.51 56.12 (12) Total 2,114 $ (16) 2024 Fixed price swaps 54 $ 53.15 $ — $ — $ — $ — Ethane 2021 Fixed price swaps 3,284 $ 7.64 $ — $ — $ — $ (17) Two-way costless collars 294 — — 7.14 10.40 (1) Total 3,578 $ (18) 2022 Fixed price swaps 2,362 $ 8.97 $ — $ — $ — $ (6) Two-way costless collars 135 — — 7.56 9.66 — Total 2,497 $ (6) Propane 2021 Fixed price swaps 4,261 $ 24.00 $ — $ — $ — $ (84) 2022 Fixed price swaps 4,092 $ 25.90 $ — $ — $ — $ (42) Three-way costless collars 305 — 16.80 21.00 31.92 (2) Total 4,397 $ (44) Normal Butane 2021 Fixed price swaps 1,245 $ 29.04 $ — $ — $ — $ (27) 2022 Fixed price swaps 1,295 $ 29.16 $ — $ — $ — $ (16) Natural Gasoline 2021 Fixed price swaps 1,281 $ 43.58 $ — $ — $ — $ (29) 2022 Fixed price swaps 1,201 $ 45.76 $ — $ — $ — $ (17) Other Derivative Contracts Volume (Bcf) Weighted Average Strike Price per MMBtu Fair Value at June 30, 2021 (in millions) Call Options – Natural Gas (Net) 2021 38 $ 3.19 $ (21) 2022 77 3.00 (34) 2023 46 2.94 (14) 2024 9 3.00 (4) Total 170 $ (73) Put Options – Natural Gas 2021 9 $ 2.00 $ — 2022 5 2.00 — Total 14 $ — Volume (MBbls) Weighted Average Strike Price per Bbl Fair Value at June 30, 2021 (in millions) Call Options – Oil 2021 114 $ 60.00 $ (1) Volume (Bcf) Weighted Average Strike Price per MMBtu Fair Value at June 30, 2021 (in millions) Swaptions – Natural Gas 2021 (1) 18 $ 3.00 $ (5) (1) The Company has sold swaptions with an underlying tenor of January 2022 to December 2022, with an exercise date of December 23, 2021. Volume (Bcf) Weighted Average Strike Price per MMBtu Fair Value at June 30, 2021 (in millions) Swaps Basis Differential Storage (1) 2021 Purchased fixed price swaps 1 $ 2.45 $ — $ 1 Purchased basis swaps 1 — (0.88) — Fixed price swaps 1 2.59 — (1) Basis swaps — — (0.89) — Total 3 $ — 2022 Purchased fixed price swaps — $ 2.14 $ — $ — Fixed price swaps 2 2.82 — (1) Basis swaps 1 — (0.57) — Total 3 $ (1) (1) The Company has entered into certain derivatives to protect the value of volumes of natural gas injected into a storage facility that will be withdrawn and sold at a later date. Purchased Fixed Price Swaps – Marketing (Natural Gas) (1) Volume (Bcf) Weighted Average Strike Price per MMBtu Fair Value at June 30, 2021 (in millions) 2021 2 $ 2.44 $ 3 (1) The Company has entered into a limited number of derivatives to protect the value of certain long-term sales contracts.
Balance Sheet Classification of Derivative Financial Instruments	The balance sheet classification of the assets and liabilities related to derivative financial instruments (none of which are designated for hedge accounting treatment) is summarized below as of June 30, 2021 and December 31, 2020: Derivative Assets Fair Value (in millions) Balance Sheet Classification June 30, 2021 December 31, 2020 Derivatives not designated as hedging instruments: Purchased fixed price swaps – natural gas Derivative assets $ 3 $ 1 Fixed price swaps – natural gas Derivative assets 1 37 Fixed price swaps – oil Derivative assets — 13 Two-way costless collars – natural gas Derivative assets 16 54 Three-way costless collars – natural gas Derivative assets 18 57 Three-way costless collars – oil Derivative assets 1 15 Basis swaps – natural gas Derivative assets 83 60 Call options – natural gas Derivative assets 9 4 Purchased fixed price swaps – natural gas storage Derivative assets 1 — Fixed price swaps – natural gas Other long-term assets — 7 Fixed price swaps – oil Other long-term assets — 2 Two-way costless collars – natural gas Other long-term assets 12 20 Three-way costless collars – natural gas Other long-term assets 68 87 Three-way costless collars – oil Other long-term assets 5 15 Basis swaps – natural gas Other long-term assets 56 15 Interest rate swaps Other long-term assets 1 — Total derivative assets $ 274 $ 387 Derivative Liabilities Fair Value (in millions) Balance Sheet Classification June 30, 2021 December 31, 2020 Derivatives not designated as hedging instruments: Fixed price swaps – natural gas Derivative liabilities $ 158 $ 7 Fixed price swaps – oil Derivative liabilities 58 12 Fixed price swaps – ethane Derivative liabilities 21 10 Fixed price swaps – propane Derivative liabilities 110 36 Fixed price swaps – normal butane Derivative liabilities 36 8 Fixed price swaps – natural gasoline Derivative liabilities 39 13 Two-way costless collars – natural gas Derivative liabilities 151 43 Two-way costless collars – oil Derivative liabilities 2 1 Two-way costless collars – ethane Derivative liabilities 1 — Three-way costless collars – natural gas Derivative liabilities 217 82 Three-way costless collars – oil Derivative liabilities 29 15 Three-way costless collars – propane Derivative liabilities 1 — Basis swaps – natural gas Derivative liabilities 19 3 Call options – natural gas Derivative liabilities 51 12 Call options – oil Derivative liabilities 1 — Put options – natural gas Derivative liabilities — 1 Swaptions – natural gas Derivative liabilities 5 2 Fixed price swaps – natural gas storage Derivative liabilities 2 — Fixed price swaps – natural gas Long-term derivative liabilities 52 3 Fixed price swaps – oil Long-term derivative liabilities 22 2 Fixed price swaps – ethane Long-term derivative liabilities 2 — Fixed price swaps – propane Long-term derivative liabilities 16 2 Fixed price swaps – normal butane Long-term derivative liabilities 7 1 Fixed price swaps – natural gasoline Long-term derivative liabilities 7 2 Two-way costless collars – natural gas Long-term derivative liabilities 27 21 Three-way costless collars – natural gas Long-term derivative liabilities 158 102 Three-way costless collars – oil Long-term derivative liabilities 24 15 Three-way costless collars – propane Long-term derivative liabilities 1 — Basis swap – natural gas Long-term derivative liabilities 8 7 Call options – natural gas Long-term derivative liabilities 31 28 Total derivative liabilities $ 1,256 $ 428
Summary of Before Tax Effect of Fair Value Hedges not Designated for Hedge Accounting	The following tables summarize the before-tax effect of the Company’s derivative instruments on the consolidated statements of operations for the three and six months ended June 30, 2021 and 2020: Unsettled Gain (Loss) on Derivatives Recognized in Earnings Consolidated Statement of Operations Classification of Gain (Loss) on Derivatives, Unsettled For the three months ended June 30, For the six months ended June 30, Derivative Instrument 2021 2020 2021 2020 (in millions) Purchased fixed price swaps – natural gas Gain (Loss) on Derivatives $ 2 $ 1 $ 2 $ — Fixed price swaps – natural gas Gain (Loss) on Derivatives (221) (39) (243) 64 Fixed price swaps – oil Gain (Loss) on Derivatives (41) (39) (81) 74 Fixed price swaps – ethane Gain (Loss) on Derivatives (11) (22) (13) (10) Fixed price swaps – propane Gain (Loss) on Derivatives (43) (44) (88) (8) Fixed price swaps – normal butane Gain (Loss) on Derivatives (19) — (34) — Fixed price swaps – natural gasoline Gain (Loss) on Derivatives (11) — (31) — Two-way costless collars – natural gas Gain (Loss) on Derivatives (148) (7) (160) (11) Two-way costless collars – oil Gain (Loss) on Derivatives — (10) (1) 9 Two-way costless collars – ethane Gain (Loss) on Derivatives (1) — (1) — Two-way costless collars – propane Gain (Loss) on Derivatives — (3) — (1) Three-way costless collars – natural gas Gain (Loss) on Derivatives (249) (45) (249) (96) Three-way costless collars – oil Gain (Loss) on Derivatives (29) (6) (47) 19 Three-way costless collars – propane Gain (Loss) on Derivatives (1) — (2) — Basis swaps – natural gas Gain (Loss) on Derivatives 44 (13) 47 (14) Call options – natural gas Gain (Loss) on Derivatives (40) (4) (37) (9) Call options – oil Gain (Loss) on Derivatives — — (1) 1 Put options – natural gas Gain (Loss) on Derivatives 1 — 1 — Swaptions – natural gas Gain (Loss) on Derivatives (4) — (3) — Purchased fixed price swap – natural gas storage Gain (Loss) on Derivatives 1 — 1 (1) Fixed price swap – natural gas storage Gain (Loss) on Derivatives (2) 1 (2) — Interest rate swaps Gain (Loss) on Derivatives — 1 1 — Total gain (loss) on unsettled derivatives $ (772) $ (229) $ (941) $ 17 Settled Gain (Loss) on Derivatives Recognized in Earnings (1) Consolidated Statement of Operations Classification of Gain (Loss) on Derivatives, Settled For the three months ended June 30, For the six months ended June 30, Derivative Instrument 2021 2020 2021 2020 (in millions) Purchased fixed price swaps – natural gas Gain (Loss) on Derivatives $ 1 $ (1) $ 1 $ (2) Fixed price swaps – natural gas Gain (Loss) on Derivatives (6) 84 (2) (1) 89 (2) Fixed price swaps – oil Gain (Loss) on Derivatives (28) 18 (45) 27 Fixed price swaps – ethane Gain (Loss) on Derivatives (6) 2 (10) 8 Fixed price swaps – propane Gain (Loss) on Derivatives (30) 7 (60) 17 Fixed price swaps – normal butane Gain (Loss) on Derivatives (9) — (16) — Fixed price swaps – natural gasoline Gain (Loss) on Derivatives (13) — (22) — Two-way costless collars – natural gas Gain (Loss) on Derivatives (2) — — 6 Two-way costless collars – oil Gain (Loss) on Derivatives (1) 6 (2) 9 Two-way costless collars – propane Gain (Loss) on Derivatives — 1 — 2 Three-way costless collars – natural gas Gain (Loss) on Derivatives (8) 7 (7) 43 Three-way costless collars – oil Gain (Loss) on Derivatives (5) 3 (6) 4 Basis swaps – natural gas Gain (Loss) on Derivatives 8 (7) 49 9 Put options – natural gas Gain (Loss) on Derivatives — — (2) (3) — Fixed price swaps – natural gas storage Gain (Loss) on Derivatives — — — 1 Total gain (loss) on settled derivatives $ (99) $ 120 $ (121) $ 213 Total gain (loss) on derivatives $ (871) $ (109) $ (1,062) $ 230 (1) The Company calculates gain (loss) on derivatives, settled, as the summation of gains and losses on positions that settled within the period. (2) Includes $4 million amortization of premiums paid related to certain natural gas fixed price options for the three and six months ended June 30, 2020, which is included in gain (loss) on derivatives on the consolidated statements of operations.

Reclassifications from Accumu_2

Reclassifications from Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The following tables detail the components of accumulated other comprehensive income and the related tax effects for the six months ended June 30, 2021: (in millions) Pension and Other Postretirement Foreign Currency Total Beginning balance December 31, 2020 $ (24) $ (14) $ (38) Other comprehensive income before reclassifications — — — Amounts reclassified from other comprehensive income (1) 3 — 3 Net current-period other comprehensive income 3 — 3 Ending balance June 30, 2021 $ (21) $ (14) $ (35)
Reclassification out of Accumulated Other Comprehensive Income	Details about Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statement of Operations Amount Reclassified from Accumulated Other Comprehensive Income For the six months ended (in millions) Pension and other postretirement: Settlement adjustment (1) Other Income (Loss), Net $ 4 Provision (Benefit) for Income Taxes 1 Net Income $ 3 Total reclassifications for the period Net Income $ 3 (1) See Note 14 for additional details regarding the Company’s pension and other postretirement benefit plans.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Carrying Amount and Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of the Company’s financial instruments as of June 30, 2021 and December 31, 2020 were as follows: June 30, 2021 December 31, 2020 (in millions) Carrying Fair Carrying Fair Cash and cash equivalents $ 2 $ 2 $ 13 $ 13 2018 revolving credit facility due April 2024 568 568 700 700 Senior notes (1) 2,471 2,684 2,471 2,609 Derivative instruments, net (982) (982) (41) (41) (1) Excludes unamortized debt issuance costs and debt discounts.
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are summarized below: June 30, 2021 Fair Value Measurements Using: (in millions) Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets (Liabilities) at Fair Value Assets Purchased fixed price swaps $ — $ 3 $ — $ 3 Fixed price swaps — 1 — 1 Two-way costless collars — 28 — 28 Three-way costless collars — 92 — 92 Basis swaps — 139 — 139 Call options — 9 — 9 Purchased fixed price swaps – storage — 1 — 1 Interest rate swaps — 1 — 1 Liabilities Fixed price swaps — (528) — (528) Two-way costless collars — (181) — (181) Three-way costless collars — (430) — (430) Basis swaps — (27) — (27) Call options — (83) — (83) Swaptions — (5) — (5) Fixed price swaps – storage — (2) — (2) Total (1) $ — $ (982) $ — $ (982) (1) Includes a net reduction to the liability fair value of $2 million related to estimated nonperformance risk. December 31, 2020 Fair Value Measurements Using: (in millions) Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets (Liabilities) at Fair Value Assets Purchased fixed price swaps $ — $ 1 $ — $ 1 Fixed price swaps — 59 — 59 Two-way costless collars — 74 — 74 Three-way costless collars — 174 — 174 Basis swaps — 75 — 75 Call options — 4 — 4 Liabilities Fixed price swaps — (96) — (96) Two-way costless collars — (65) — (65) Three-way costless collars — (214) — (214) Basis swaps — (10) — (10) Call options — (40) — (40) Put options — (1) — (1) Swaptions — (2) — (2) Total (1) $ — $ (41) $ — $ (41) (1) Includes a net reduction to the liability fair value of $1 million related to estimated nonperformance risk.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Components of Debt	The components of debt as of June 30, 2021 and December 31, 2020 consisted of the following: June 30, 2021 (in millions) Debt Instrument Unamortized Issuance Expense Unamortized Debt Discount Total Current portion of long-term debt: 4.10% Senior Notes due March 2022 $ 207 $ — $ — $ 207 Total current portion of long-term debt $ 207 $ — $ — $ 207 Long-term debt: Variable rate (2.10% at June 30, 2021) 2018 revolving credit facility due April 2024 $ 568 $ — (1) $ — $ 568 4.95% Senior Notes due January 2025 (2) 856 (4) (1) 851 7.50% Senior Notes due April 2026 618 (5) — 613 7.75% Senior Notes due October 2027 440 (4) — 436 8.375% Senior Notes due September 2028 350 (5) — 345 Total long-term debt $ 2,832 $ (18) $ (1) $ 2,813 Total debt $ 3,039 $ (18) $ (1) $ 3,020 December 31, 2020 (in millions) Debt Instrument Unamortized Issuance Expense Unamortized Debt Discount Total Long-term debt: Variable rate (2.11% at December 31, 2020) 2018 term loan facility due April 2024 $ 700 $ — (1) $ — $ 700 4.10% Senior Notes due March 2022 207 — — 207 4.95% Senior Notes due January 2025 (2) 856 (4) (1) 851 7.50% Senior Notes due April 2026 618 (6) — 612 7.75% Senior Notes due October 2027 440 (5) — 435 8.375% Senior Notes due September 2028 350 (5) — 345 Total long-term debt $ 3,171 $ (20) $ (1) $ 3,150 (1) At June 30, 2021 and December 31, 2020, unamortized issuance expense of $11 million and $12 million, respectively, associated with the 2018 credit facility (as defined below) was classified as other long-term assets on the consolidated balance sheets. (2) Effective in July 2018, the interest rate was 6.20% for the 2025 Notes, reflecting a net downgrade in the Company’s bond ratings since the initial offering. On April 7, 2020, S&P downgraded the Company’s bond rating to BB-, which had the effect of increasing the interest rate on the 2025 Notes to 6.45% following the July 23, 2020 interest payment date. The first coupon payment to the bondholders at the higher interest rate was paid in January 2021. On June 2, 2021 in conjunction with the announcement of the Indigo Merger, S&P placed the Company’s bond rating on credit watch for a potential positive upgrade. Interest savings from any potential upgrade would be realized for coupon payments paid after January 2022.
Schedule of Maturities of Long-term Debt	The following is a summary of scheduled debt maturities by year as of June 30, 2021: (in millions) 2021 $ — 2022 207 2023 — 2024 (1) 568 2025 856 Thereafter 1,408 $ 3,039 (1) The Company’s current revolving credit facility matures in 2024.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Obligation under Transportation Agreements	As of June 30, 2021, future payments under non-cancelable firm transportation and gathering agreements were as follows: Payments Due by Period (in millions) Total Less than 1 1 to 3 Years 3 to 5 Years 5 to 8 Years More than 8 Infrastructure currently in service $ 7,965 $ 713 $ 1,557 $ 1,317 $ 1,744 $ 2,634 Pending regulatory approval and/or construction (1) 369 2 18 25 52 272 Total transportation charges $ 8,334 $ 715 $ 1,575 $ 1,342 $ 1,796 $ 2,906 (1) Based on estimated in-service dates as of June 30, 2021.

Pension Plan and Other Postre_2

Pension Plan and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefit Costs	The Company maintains defined pension and other postretirement benefit plans, which cover substantially all of the Company’s employees. As part of ongoing effort to reduce costs, the Company elected to freeze its pension plan effective January 1, 2021. Employees that were participants in the pension plan prior to January 1, 2021 will continue to receive the interest component of the plan but will no longer receive the service component. Net periodic pension costs include the following components for the three and six months ended June 30, 2021 and 2020: Consolidated Statements of For the three months ended June 30, For the six months ended June 30, (in millions) 2021 2020 2021 2020 Service cost General and administrative expenses $ — $ 2 $ — $ 4 Interest cost Other Income (Loss), Net 1 1 2 2 Expected return on plan assets Other Income (Loss), Net (2) (2) (3) (3) Amortization of net loss Other Income (Loss), Net — — — — Settlement loss Other Income (Loss), Net 1 — 1 — Net periodic benefit cost $ — $ 1 $ — $ 3

Long-term Incentive Compensat_2

Long-term Incentive Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Stock-Based Compensation Costs	The Company recognized the following amounts in total employee stock-based compensation costs for the three and six months ended June 30, 2021 and 2020: For the three months ended June 30, For the six months ended June 30, (in millions) 2021 2020 2021 2020 Stock-based compensation cost – expensed $ 9 $ 6 $ 22 $ 6 Stock-based compensation cost – capitalized 5 1 10 1
Schedule of Equity-Classified Stock-Based Compensation Costs	The Company recognized the following amounts in employee equity-classified stock-based compensation costs for the three and six months ended June 30, 2021 and 2020: For the three months ended June 30, For the six months ended June 30, (in millions) 2021 2020 2021 2020 Equity-classified awards – expensed $ 2 $ 1 $ 2 $ 2 Equity-classified awards – capitalized — — — —
Summary of Equity-Classified Stock Option Activity	The following table summarizes equity-classified stock option activity for the six months ended June 30, 2021 and provides information for options outstanding and options exercisable as of June 30, 2021: Number Weighted Average (in thousands) Outstanding at December 31, 2020 3,850 $ 13.39 Granted — $ — Exercised — $ — Forfeited or expired (151) $ 32.21 Outstanding at June 30, 2021 3,699 $ 12.63 Exercisable at June 30, 2021 3,699 $ 12.63
Summary of Equity-Classified Restricted Stock Activity	The following table summarizes equity-classified restricted stock activity for the six months ended June 30, 2021 and provides information for unvested shares as of June 30, 2021: Number Weighted Average (in thousands) Unvested shares at December 31, 2020 697 $ 5.97 Granted 307 $ 5.30 Vested (855) $ 5.83 Forfeited — $ 8.59 Unvested shares at June 30, 2021 149 $ 5.38
Summary of Equity-Classified Performance Units Activity	The following table summarizes equity-classified performance unit activity for the six months ended June 30, 2021 and provides information for unvested units as of June 30, 2021. Number Weighted Average (in thousands) Unvested units at December 31, 2020 134 $ 3.05 Granted — $ — Vested (87) $ 3.05 Forfeited — $ — Unvested units at June 30, 2021 47 $ 3.05
Schedule of Liability-Classified Stock-Based Compensation Costs	The Company recognized the following amounts in employee liability-classified stock-based compensation costs for the three and six months ended June 30, 2021: For the three months ended June 30, For the six months ended June 30, (in millions) 2021 2020 2021 2020 Liability-classified stock-based compensation cost – expensed $ 7 $ 5 $ 20 $ 4 Liability-classified stock-based compensation cost – capitalized 5 1 10 1
Summary of Liability-Classified Restricted Stock Unit Activity	Number Weighted Average (in thousands) Unvested units at December 31, 2020 11,613 $ 2.67 Granted 1,486 $ 4.23 Vested (4,522) $ 3.40 Forfeited (489) $ 4.37 Unvested units at June 30, 2021 8,088 $ 4.90
Summary of Liability-Classified Performance Unit Activity	Number Weighted Average (in thousands) Unvested units at December 31, 2020 8,699 $ 2.57 Granted 3,580 $ 4.14 Vested (2,020) $ 4.05 Forfeited (622) $ 2.98 Unvested units at June 30, 2021 9,637 $ 3.38
Summary of Liability-Classified Performance Unit Activity	Number Weighted Average Fair Value (in thousands) Unvested units at December 31, 2020 18,353 $ 1.00 Granted 18,546 $ 1.00 Vested (4,373) $ 1.00 Forfeited (2,708) $ 1.00 Unvested units at June 30, 2021 29,818 $ 1.00

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Summary of Financial Information for Company's Reportable Segments	Summarized financial information for the Company’s reportable segments is shown in the following table. The accounting policies of the segments are the same as those described in Note 1 of the Notes to Consolidated Financial Statements included in Item 8 of the 2020 Annual Report. Management evaluates the performance of its segments based on operating income, defined as operating revenues less operating costs. Income before income taxes, for the purpose of reconciling the operating income amount shown below to consolidated income before income taxes, is the sum of operating income, interest expense, gain (loss) on derivatives, gain on early extinguishment of debt and other income (loss). The “Other” column includes items not related to the Company’s reportable segments, including real estate and corporate items. Corporate general and administrative costs, depreciation expense and taxes, other than income taxes, are allocated to the segments. E&P Marketing Other Total Three months ended June 30, 2021 (in millions) Revenues from external customers $ 718 $ 332 $ — $ 1,050 Intersegment revenues (14) 651 — 637 Depreciation, depletion and amortization expense 97 3 — 100 Operating income 286 (1) 7 — 293 Interest expense (2) 30 — — 30 Gain (loss) on derivatives (872) — 1 (871) Other loss, net (1) — — (1) Assets 4,870 (3) 408 116 5,394 Capital investments (4) 259 — — 259 Three months ended June 30, 2020 Revenues from external customers $ 223 $ 187 $ — $ 410 Intersegment revenues (12) 202 — 190 Depreciation, depletion and amortization expense 81 3 — 84 Impairments 655 — — 655 Operating loss (748) (1) (8) — (756) Interest expense (2) 22 — — 22 Loss on derivatives (109) — — (109) Gain on early extinguishment of debt — — 7 7 Other income (loss), net (1) — 1 — Assets 4,185 (3) 208 162 4,555 Capital investments (4) 245 — — 245 E&P Marketing Other Total Six months ended June 30, 2021 (in millions) Revenues from external customers $ 1,437 $ 685 $ — $ 2,122 Intersegment revenues (28) 1,295 — 1,267 Depreciation, depletion and amortization expense 191 5 — 196 Operating income 581 (1) 13 — 594 Interest expense (2) 61 — — 61 Gain (loss) on derivatives (1,063) — 1 (1,062) Assets 4,870 (3) 408 116 5,394 Capital investments (4) 525 — — 525 Six months ended June 30, 2020 Revenues from external customers $ 576 $ 426 $ — $ 1,002 Intersegment revenues (21) 511 — 490 Depreciation, depletion and amortization expense 192 5 — 197 Impairments 2,134 — — 2,134 Operating loss (2,234) (1) (12) — (2,246) Interest expense (2) 41 — — 41 Gain on derivatives 230 — — 230 Gain on early extinguishment of debt — — 35 35 Other income, net — — 1 1 Benefit from income taxes (2) 406 — — 406 Assets 4,185 (3) 208 162 4,555 Capital investments (4) 482 — — 482 (1) Operating income (loss) for the E&P segment includes $1 million and $2 million of restructuring charges for the three months ended June 30, 2021 and 2020, respectively, and $7 million and $12 million of restructuring charges for the six months ended June 30, 2021 and 2020, respectively. The E&P segment operating income (loss) also includes $3 million and $4 million of merger-related charges for the three and six months ended June 30, 2021, respectively. (2) Interest expense and provision (benefit) for income taxes by segment is an allocation of corporate amounts as they are incurred at the corporate level. (3) E&P assets includes office, technology, water infrastructure, drilling rigs and other ancillary equipment not directly related to natural gas and oil properties. (4) Capital investments include a decrease of $9 million for the three months ended June 30, 2021, and increases of $29 million and $8 million for the six months ended June 30, 2021 and 2020, respectively, relating to the change in accrued expenditures between periods. There was no change in the capital accrual for the three months ended June 30, 2020. The following table presents the breakout of other assets, which represent corporate assets not allocated to segments and assets for non-reportable segments at June 30, 2021 and 2020: As of June 30, (in millions) 2021 2020 Cash and cash equivalents $ 2 $ 10 Accounts receivable 3 — Income taxes receivable — 31 Prepayments 15 7 Property, plant and equipment 14 21 Unamortized debt expense 11 10 Right-of-use lease assets 67 77 Non-qualified retirement plan 4 5 Other — 1 $ 116 $ 162

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details)	6 Months Ended
	Jun. 30, 2021segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of segments	2

ACQUISITION (Narrative) (Detail

ACQUISITION (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	May 28, 2021	Nov. 13, 2020	Aug. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 01, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Transaction related expenses				$ 3	$ 0		$ 4	$ 0
Indigo Natural Resources, LLC
Business Acquisition [Line Items]
Value of Southwestern's stock issued as consideration	$ 1,600
Transaction related expenses				2			2
Percentage of voting interest									67.00%
Indigo Natural Resources, LLC | Forecast
Business Acquisition [Line Items]
Cash consideration						$ 400
Number of shares of Southwestern common stock issued during Merger						339,270,568
Indigo Natural Resources, LLC | Indigo Natural Resources, LLC
Business Acquisition [Line Items]
Percentage of voting interest									33.00%
Montage Resources Corporation
Business Acquisition [Line Items]
Number of shares of Southwestern common stock issued during Merger		69,740,848
Value of Southwestern's stock issued as consideration		$ 213
Number of Southwestern Energy common stock for each share of Montage Resources Corporation common stock converted (in shares)		1.8656
Offering price (in dollars per share)		$ 3.05
Percentage of voting interest		90.00%
Revenues associated with the operations acquired through the Merger							250
Net income attributable to common stockholders associated with the operations acquired through the Merger							121
Employee severance and related costs				$ 1			$ 2
Montage Resources Corporation | Public Stock Offering
Business Acquisition [Line Items]
Offering price (in dollars per share)			$ 2.50
Underwritten public offering of common stock (in shares)			63,250,000
Net proceeds from public offering			$ 152
Montage Resources Corporation | Montage Resources Corporation
Business Acquisition [Line Items]
Percentage of voting interest		10.00%
Senior Notes | 8.375% Senior Notes due September 2028
Business Acquisition [Line Items]
Senior notes			$ 350
Stated interest rate			8.375%	8.375%			8.375%			8.375%
Senior Notes | Montage Resources Corporation | Eight Point Eight Seven Five Percent Senior Notes Due 2023
Business Acquisition [Line Items]
Senior notes			$ 510
Stated interest rate			8.875%
Senior Notes | Indigo Natural Resources, LLC | 5.375% Senior Notes due 2029 | Forecast
Business Acquisition [Line Items]
Stated interest rate						5.375%
Senior note assumed in merger agreement						$ 700
Senior Notes | Montage Resources Corporation | 8.375% Senior Notes due September 2028
Business Acquisition [Line Items]
Senior notes			$ 350
Stated interest rate			8.375%

ACQUISITION - (Schedule of cons

ACQUISITION - (Schedule of consideration Paid to Stockholders of Montage) (Details) - USD ($) $ / shares in Units, $ in Millions	Nov. 13, 2020	Jun. 30, 2021	Dec. 31, 2020
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Common stock, par value (in dollars per shares)	$ 0.01	$ 0.01	$ 0.01
Montage Resources Corporation
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Shares of Southwestern common stock issued in respect of outstanding Montage common stock	67,311,166
Shares of Southwestern common stock issued in respect of Montage stock-based awards	2,429,682
Shares of Southwestern common stock issued during Merger	69,740,848
NYSE closing price per share of Southwestern common shares on November 13, 2020 (in dollars per share)	$ 3.05
Total consideration (fair value of Southwestern common shares issued)	$ 213
Montage Resources Corporation | Common Stock
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Increase in Southwestern equity	1
Montage Resources Corporation | Additional Paid-In Capital
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Increase in Southwestern equity	$ 212

ACQUISITION - (Schedule of the

ACQUISITION - (Schedule of the Allocation of Purchase Price) (Details) - Montage Resources Corporation $ in Millions	Nov. 13, 2020USD ($)
Consideration:
Fair value of Southwestern’s stock issued on November 13, 2020	$ 213
Fair Value of Assets Acquired:
Cash and cash equivalents	3
Accounts receivable	73
Other current assets	1
Commodity derivative assets	11
Evaluated oil and gas properties	1,012
Unevaluated oil and gas properties	90
Other property, plant and equipment	28
Other long-term assets	26
Total assets acquired	1,244
Fair Value of Liabilities Assumed:
Accounts payable	145
Other current liabilities	49
Derivative liabilities	70
Revolving credit facility	200
Senior unsecured notes	522
Asset retirement obligations	28
Other noncurrent liabilities	17
Total liabilities assumed	1,031
Net Assets Acquired and Liabilities Assumed	$ 213

ACQUISITION - (Schedule of Pro

ACQUISITION - (Schedule of Pro Forma) (Details) - Montage Resources Corporation - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Business Acquisition [Line Items]
Revenues	$ 501	$ 1,226
Loss from continuing operations	$ (925)	$ (2,415)

Restructuring Charges (Summary

Restructuring Charges (Summary of Restructuring Charges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1	$ 2	$ 7	$ 12
E&P
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1	2	7	12
Workforce Reduction
Restructuring Cost and Reserve [Line Items]
Severance (including payroll taxes)	1	2	7	12
Restructuring charges			7
Workforce Reduction | E&P
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1	$ 2	$ 7	$ 12

Restructuring Charges (Restruct

Restructuring Charges (Restructuring Reserve Rollforward) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Reserve [Roll Forward]
Additions	$ 1	$ 2	$ 7	$ 12
Workforce Reduction
Restructuring Reserve [Roll Forward]
Liability at December 31, 2020			3
Additions			7
Distributions			(10)
Liability at June 30, 2021	$ 0		$ 0

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details)	6 Months Ended
	Jun. 30, 2021USD ($)
Disaggregation of Revenue [Line Items]
Contract asset associated with revenues from contracts with customers	$ 0
Contract liability associated with revenues from contracts with customers	$ 0
Minimum | NGL sales
Disaggregation of Revenue [Line Items]
Payment terms	30 days
Minimum | Marketing
Disaggregation of Revenue [Line Items]
Payment terms	30 days
Maximum | NGL sales
Disaggregation of Revenue [Line Items]
Payment terms	60 days
Maximum | Marketing
Disaggregation of Revenue [Line Items]
Payment terms	60 days

Revenue Recognition (Disaggrega

Revenue Recognition (Disaggregation of Revenue by Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 1,050	$ 410	$ 2,122	$ 1,002
E&P
Disaggregation of Revenue [Line Items]
Total operating revenues	718	223	1,437	576
Marketing
Disaggregation of Revenue [Line Items]
Total operating revenues	332	187	685	426
Operating Segments | E&P
Disaggregation of Revenue [Line Items]
Total operating revenues	704	211	1,409	555
Operating Segments | Marketing
Disaggregation of Revenue [Line Items]
Total operating revenues	983	389	1,980	937
Intersegment Revenues
Disaggregation of Revenue [Line Items]
Total operating revenues	637	190	1,267	490
Intersegment Revenues | E&P
Disaggregation of Revenue [Line Items]
Total operating revenues	(14)	(12)	(28)	(21)
Intersegment Revenues | Marketing
Disaggregation of Revenue [Line Items]
Total operating revenues	651	202	1,295	511
Gas sales
Disaggregation of Revenue [Line Items]
Total operating revenues	433	164	897	412
Gas sales | Operating Segments | E&P
Disaggregation of Revenue [Line Items]
Total operating revenues	421	155	872	394
Gas sales | Operating Segments | Marketing
Disaggregation of Revenue [Line Items]
Total operating revenues	0	0	0	0
Gas sales | Intersegment Revenues
Disaggregation of Revenue [Line Items]
Total operating revenues	12	9	25	18
Oil sales
Disaggregation of Revenue [Line Items]
Total operating revenues	106	19	187	71
Oil sales | Operating Segments | E&P
Disaggregation of Revenue [Line Items]
Total operating revenues	105	16	185	68
Oil sales | Operating Segments | Marketing
Disaggregation of Revenue [Line Items]
Total operating revenues	0	0	0	0
Oil sales | Intersegment Revenues
Disaggregation of Revenue [Line Items]
Total operating revenues	1	3	2	3
NGL sales
Disaggregation of Revenue [Line Items]
Total operating revenues	179	40	352	90
NGL sales | Operating Segments | E&P
Disaggregation of Revenue [Line Items]
Total operating revenues	178	40	351	90
NGL sales | Operating Segments | Marketing
Disaggregation of Revenue [Line Items]
Total operating revenues	0	0	0	0
NGL sales | Intersegment Revenues
Disaggregation of Revenue [Line Items]
Total operating revenues	1	0	1	0
Marketing
Disaggregation of Revenue [Line Items]
Total operating revenues	332	187	684	426
Marketing | Operating Segments | E&P
Disaggregation of Revenue [Line Items]
Total operating revenues	0	0	0	0
Marketing | Operating Segments | Marketing
Disaggregation of Revenue [Line Items]
Total operating revenues	983	389	1,979	937
Marketing | Intersegment Revenues
Disaggregation of Revenue [Line Items]
Total operating revenues	651	202	1,295	511
Other
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 0	$ 0	2	3
Other | Operating Segments | E&P
Disaggregation of Revenue [Line Items]
Total operating revenues			1	3
Other | Operating Segments | Marketing
Disaggregation of Revenue [Line Items]
Total operating revenues			1	0
Other | Intersegment Revenues
Disaggregation of Revenue [Line Items]
Total operating revenues			$ 0	$ 0

Revenue Recognition (Disaggre_2

Revenue Recognition (Disaggregation of Revenue on Geographic Basis) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 1,050	$ 410	$ 2,122	$ 1,002
E&P
Disaggregation of Revenue [Line Items]
Total operating revenues	718	223	1,437	576
Operating Segments | E&P
Disaggregation of Revenue [Line Items]
Total operating revenues	704	211	1,409	555
Operating Segments | E&P | Northeast Appalachia
Disaggregation of Revenue [Line Items]
Total operating revenues	230	117	493	312
Operating Segments | E&P | Southwest Appalachia
Disaggregation of Revenue [Line Items]
Total operating revenues	474	94	915	243
Operating Segments | E&P | Other
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 0	$ 0	$ 1	$ 0

Revenue Recognition (Reconcilia

Revenue Recognition (Reconciliation of Accounts Receivable) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Receivables from contracts with customers	$ 391	$ 350
Other accounts receivable	17	18
Total accounts receivable	$ 408	$ 368

Cash and Cash Equivalents (Summ

Cash and Cash Equivalents (Summary of Cash and Cash Equivalents) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Cash	$ 2	$ 13
Marketable securities	0	0
Total	$ 2	$ 13

Natural Gas and Oil Propertie_2

Natural Gas and Oil Properties (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)derivative_position$ / MMBTU$ / bbl	Jun. 30, 2020USD ($)$ / bbl$ / MMBTU	Mar. 31, 2020USD ($)
Natural Gas and Oil Properties [Line Items]
Natural gas, oil and NGL reserves discount			10.00%
Period of time needed to calculate ceiling value of reserves			12 months
Number of hedge positions designated for hedge accounting | derivative_position			0
Impairments	$ 0	$ 655,000,000	$ 0	$ 2,134,000,000
Net book value adjusted for market differentials		$ 650,000,000		$ 650,000,000	$ 1,500,000,000
Montage Resources Corporation
Natural Gas and Oil Properties [Line Items]
Impairments			0
Unamortized cost of properties acquired	1,130,000,000		1,130,000,000
Montage Resources Corporation | Pro Forma
Natural Gas and Oil Properties [Line Items]
Impairments	$ 0		$ 0
Natural Gas
Natural Gas and Oil Properties [Line Items]
Full cost ceiling test, price per MMBtu (in dollars per MMBtu) | $ / MMBTU			2.43	2.07
Oil
Natural Gas and Oil Properties [Line Items]
Full cost ceiling test, price per barrel (in dollars per bbl) | $ / bbl			49.78	47.17
NGL
Natural Gas and Oil Properties [Line Items]
Full cost ceiling test, price per barrel (in dollars per bbl) | $ / bbl			17.06	8.87

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - Montage Resources Corporation - USD ($) $ / shares in Units, $ in Millions	1 Months Ended
	Aug. 31, 2020	Nov. 13, 2020
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Offering price (in dollars per share)		$ 3.05
Public Stock Offering
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Underwritten public offering of common stock (in shares)	63,250,000
Offering price (in dollars per share)	$ 2.50
Net proceeds from public offering	$ 152

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss	$ (609)	$ 80	$ (880)	$ (1,547)	$ (529)	$ (2,427)
Number of common shares:
Weighted average outstanding (in shares)	676,722,999		541,079,192		676,057,534	540,693,841
Weighted average and potential dilutive outstanding (in shares)	676,722,999		541,079,192		676,057,534	540,693,841
Loss per common share
Basic (in dollars per share)	$ (0.90)		$ (1.63)		$ (0.78)	$ (4.49)
Diluted (in dollars per share)	$ (0.90)		$ (1.63)		$ (0.78)	$ (4.49)
Stock options
Number of common shares:
Issued upon assumed exercise of outstanding stock options (in shares)	0		0		0	0
Restricted Common Stock
Number of common shares:
Effect of issuance of non-vested restricted common stock (in shares)	0		0		0	0
Restricted stock units
Number of common shares:
Effect of issuance of non-vested restricted common stock (in shares)	0		0		0	0
Performance units
Number of common shares:
Effect of issuance of non-vested performance units (in shares)	0		0		0	0

Earnings Per Share (Schedule _2

Earnings Per Share (Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	10,205,074	10,795,284	11,564,241	10,670,908
Unexercised stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	3,733,971	4,548,735	3,764,362	4,566,648
Unvested share-based payment
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	721,633	902,615	805,791	1,024,867
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	2,917,427	2,631,727	4,059,473	2,983,352
Performance units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	2,832,043	2,712,207	2,934,615	2,096,041

Derivatives and Risk Manageme_3

Derivatives and Risk Management (Schedule of Derivative Instruments Notional Amount, Weighted Average Contract Prices and Fair Value) (Details) bbl in Thousands, Mcf in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)$ / bbl$ / MMBTUMcfbbl
Financial protection on production - 2021 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	396
Fair value	$ (315)
Financial protection on production - 2021 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	2,983
Fair value	$ (59)
Financial protection on production - 2021 | Not Designated as Hedging Instrument | Ethane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	3,578
Fair value	$ (18)
Fixed Price Swaps - 2021 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	103
Weighted average price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.80
Fair value	$ (87)
Fixed Price Swaps - 2021 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	1,739
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	50.10
Fair value	$ (37)
Fixed Price Swaps - 2021 | Not Designated as Hedging Instrument | Ethane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	3,284
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	7.64
Fair value	$ (17)
Fixed Price Swaps - 2021 | Not Designated as Hedging Instrument | Propane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	4,261
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	24
Fair value	$ (84)
Fixed Price Swaps - 2021 | Not Designated as Hedging Instrument | Normal Butane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	1,245
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	29.04
Fair value	$ (27)
Fixed Price Swaps - 2021 | Not Designated as Hedging Instrument | Natural Gasoline
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	1,281
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	43.58
Fair value	$ (29)
Two-way Costless Collars-2021 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	140
Fair value	$ (101)
Two-way Costless Collars-2021 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	92
Fair value	$ (2)
Two-way Costless Collars-2021 | Not Designated as Hedging Instrument | Ethane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	294
Fair value	$ (1)
Two-way Costless Collars - 2021 Sold Calls | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.97
Two-way Costless Collars - 2021 Sold Calls | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / bbl	45.50
Two-way Costless Collars - 2021 Sold Calls | Not Designated as Hedging Instrument | Ethane
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / bbl	10.40
Three-way Costless-collars - 2021 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	153
Fair value	$ (127)
Three-way Costless-collars - 2021 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	1,152
Fair value	$ (20)
Three-Way Costless Collars - 2021 Sold Calls | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.86
Three-Way Costless Collars - 2021 Sold Calls | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / bbl	54.35
Financial protection on production - 2022 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	726
Fair value	$ (292)
Financial protection on production - 2022 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	4,583
Fair value	$ (54)
Financial protection on production - 2022 | Not Designated as Hedging Instrument | Ethane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	2,497
Fair value	$ (6)
Financial protection on production - 2022 | Not Designated as Hedging Instrument | Propane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	4,397
Fair value	$ (44)
Fixed Price Swaps - 2022 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	268
Weighted average price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.72
Fair value	$ (119)
Fixed Price Swaps - 2022 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	3,203
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	53.54
Fair value	$ (39)
Fixed Price Swaps - 2022 | Not Designated as Hedging Instrument | Ethane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	2,362
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	8.97
Fair value	$ (6)
Fixed Price Swaps - 2022 | Not Designated as Hedging Instrument | Propane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	4,092
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	25.90
Fair value	$ (42)
Fixed Price Swaps - 2022 | Not Designated as Hedging Instrument | Normal Butane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	1,295
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	29.16
Fair value	$ (16)
Fixed Price Swaps - 2022 | Not Designated as Hedging Instrument | Natural Gasoline
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	1,201
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	45.76
Fair value	$ (17)
Two Way Costless Collars - 2022 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	125
Fair value	$ (46)
Two Way Costless Collars - 2022 | Not Designated as Hedging Instrument | Ethane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	135
Fair value	$ 0
Two Way Costless Collars - 2022 Sold Calls | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	3.04
Two Way Costless Collars - 2022 Sold Calls | Not Designated as Hedging Instrument | Ethane
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / bbl	9.66
Three-Way Costless Collars - 2022 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	333
Fair value	$ (127)
Three-Way Costless Collars - 2022 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	1,380
Fair value	$ (15)
Three-Way Costless Collars - 2022 | Not Designated as Hedging Instrument | Propane
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	305
Fair value	$ (2)
Three-way Costless Collars 2022 - Sold Calls | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.94
Three-way Costless Collars 2022 - Sold Calls | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / bbl	57.05
Three-way Costless Collars 2022 - Sold Calls | Not Designated as Hedging Instrument | Propane
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / bbl	31.92
Financial protection on production- 2023 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	272
Fair value	$ (40)
Financial protection on production- 2023 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	2,114
Fair value	$ (16)
Fixed Price Swaps 2023 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	23
Weighted average price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.70
Fair value	$ (3)
Fixed Price Swaps 2023 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	846
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	55.98
Fair value	$ (4)
Two Way Costless Collars 2023 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	34
Fair value	$ (3)
Two Way Costless Collars Sold Calls 2023 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.72
Three Way Costless Collars - 2023 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	215
Fair value	$ (34)
Three Way Costless Collars - 2023 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	1,268
Fair value	$ (12)
Three Way Costless Collars - 2023 Sold Calls | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	3
Three Way Costless Collars - 2023 Sold Calls | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / bbl	56.12
Three Way Costless Collars 2024 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	11
Fair value	$ (1)
Three Way Costless Collars Sold Calls 2024 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	3.54
Fixed Price Swaps 2024 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	54
Weighted average price (in dollars per MMBtu, Bbl) | $ / bbl	53.15
Fair value	$ 0
Basis Swaps | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	639
Fair value	$ 112
Basis Swaps - 2021 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	166
Basis differential per MMBtu | $ / MMBTU	(0.47)
Fair value	$ 62
Basis Swaps - 2022 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	261
Basis differential per MMBtu | $ / MMBTU	(0.40)
Fair value	$ 40
Basis Swap - 2023 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	163
Basis differential per MMBtu | $ / MMBTU	(0.53)
Fair value	$ 7
Basis Swap - 2024 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	40
Basis differential per MMBtu | $ / MMBTU	(0.70)
Fair value	$ 2
Basis Swap - 2025 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	9
Basis differential per MMBtu | $ / MMBTU	(0.64)
Fair value	$ 1
Call options | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	170
Fair value	$ (73)
Call Options 2021 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	38
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	3.19
Fair value	$ (21)
Call Options 2021 | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Volume (Bcf, MBbls) | bbl	114
Cap price (in dollars per MMBtu, Bbl) | $ / bbl	60
Fair value	$ (1)
Call Options 2022 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	77
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	3
Fair value	$ (34)
Call Options 2023 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	46
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.94
Fair value	$ (14)
Call Options 2024 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	9
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	3
Fair value	$ (4)
Put options | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	14
Fair value	$ 0
Put Option 2021 | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	9
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2
Fair value	$ 0
Put Option 2022 | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	5
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2
Fair value	$ 0
Swaption 2021 | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	18
Cap price (in dollars per MMBtu, Bbl) | $ / MMBTU	3
Fair value	$ (5)
Storage 2021 | Not Designated as Hedging Instrument
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	3
Fair value	$ 0
Purchased Fixed Price Swaps, Storage, 2021 | Not Designated as Hedging Instrument
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	1
Weighted average price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.45
Basis differential per MMBtu | $ / MMBTU	0
Fair value	$ 1
Purchased Basis Swaps Storage, 2021 | Not Designated as Hedging Instrument
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	1
Weighted average price (in dollars per MMBtu, Bbl) | $ / MMBTU	0
Basis differential per MMBtu | $ / MMBTU	(0.88)
Fair value	$ 0
Fixed Price Swap, Storage, 2021 | Not Designated as Hedging Instrument
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	1
Weighted average price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.59
Basis differential per MMBtu | $ / MMBTU	0
Fair value	$ (1)
Basis Swaps Storage, 2021 | Not Designated as Hedging Instrument
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	0
Weighted average price (in dollars per MMBtu, Bbl) | $ / MMBTU	0
Basis differential per MMBtu | $ / MMBTU	(0.89)
Fair value	$ 0
Storage 2022 | Not Designated as Hedging Instrument
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	3
Fair value	$ (1)
Purchased Fixed Price Swaps, Storage, 2022 | Not Designated as Hedging Instrument
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	0
Weighted average price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.14
Basis differential per MMBtu | $ / MMBTU	0
Fair value	$ 0
Fixed Price Swap, Storage, 2022 | Not Designated as Hedging Instrument
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	2
Weighted average price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.82
Basis differential per MMBtu | $ / MMBTU	0
Fair value	$ (1)
Basis Swaps Storage, 2022 | Not Designated as Hedging Instrument
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	1
Weighted average price (in dollars per MMBtu, Bbl) | $ / MMBTU	0
Basis differential per MMBtu | $ / MMBTU	(0.57)
Fair value	$ 0
Purchased Fixed Price Swaps, Marketing, 2021 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Volume (Bcf, MBbls) | Mcf	2
Weighted average price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.44
Fair value	$ 3
Sold Puts | Three-Way Costless Collars - 2021 Sold Puts | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.18
Sold Puts | Three-Way Costless Collars - 2021 Sold Puts | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / bbl	39.22
Sold Puts | Three-Way Costless Collars - 2022 Sold Puts | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.06
Sold Puts | Three-Way Costless Collars - 2022 Sold Puts | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / bbl	39.89
Sold Puts | Three-Way Costless Collars - 2022 Sold Puts | Not Designated as Hedging Instrument | Propane
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / bbl	16.80
Sold Puts | Three Way Costless Collars - 2023 Sold Puts | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.09
Sold Puts | Three Way Costless Collars - 2023 Sold Puts | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / bbl	33.97
Sold Puts | Three Way Costless Collars Sold Puts 2024 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.25
Purchased Puts | Two-way Costless Collars - 2021 Purchased Puts | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.62
Purchased Puts | Two-way Costless Collars - 2021 Purchased Puts | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / bbl	37.50
Purchased Puts | Two-way Costless Collars - 2021 Purchased Puts | Not Designated as Hedging Instrument | Ethane
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / bbl	7.14
Purchased Puts | Three-Way Costless Collars - 2021 Purchased Puts | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.51
Purchased Puts | Three-Way Costless Collars - 2021 Purchased Puts | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / bbl	49.05
Purchased Puts | Two Way Costless Collars - 2022 Purchased Puts | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.65
Purchased Puts | Two Way Costless Collars - 2022 Purchased Puts | Not Designated as Hedging Instrument | Ethane
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / bbl	7.56
Purchased Puts | Three Way Costless Collars 2022 - Purchased Puts | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.51
Purchased Puts | Three Way Costless Collars 2022 - Purchased Puts | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / bbl	50.23
Purchased Puts | Three Way Costless Collars 2022 - Purchased Puts | Not Designated as Hedging Instrument | Propane
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / bbl	21
Purchased Puts | Two Way Costless Collars Purchased Puts 2023 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.50
Purchased Puts | Three Way Costless Collars - 2023 Purchased Puts | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.54
Purchased Puts | Three Way Costless Collars - 2023 Purchased Puts | Not Designated as Hedging Instrument | Oil
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / bbl	45.51
Purchased Puts | Three Way Costless Collars Purchased Puts 2024 | Not Designated as Hedging Instrument | Natural Gas
Derivative [Line Items]
Floor price (in dollars per MMBtu, Bbl) | $ / MMBTU	2.80

Derivatives and Risk Manageme_4

Derivatives and Risk Management (Narrative) (Details) - Not Designated as Hedging Instrument - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Fair value of net derivative liability position	$ 2	$ 1
Commodities
Derivative [Line Items]
Derivative liability	$ 983

Derivatives and Risk Manageme_5

Derivatives and Risk Management (Balance Sheet Classification of Derivative Financial Instruments) (Details) - Not Designated as Hedging Instrument - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Derivative assets	$ 274	$ 387
Derivative liabilities	1,256	428
Interest rate swaps | Other long-term assets
Derivatives, Fair Value [Line Items]
Derivative assets	1	0
Natural Gas | Purchased fixed price swaps | Derivative assets
Derivatives, Fair Value [Line Items]
Derivative assets	3	1
Natural Gas | Fixed price swaps | Derivative assets
Derivatives, Fair Value [Line Items]
Derivative assets	1	37
Natural Gas | Fixed price swaps | Other long-term assets
Derivatives, Fair Value [Line Items]
Derivative assets	0	7
Natural Gas | Fixed price swaps | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	158	7
Natural Gas | Fixed price swaps | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	52	3
Natural Gas | Two-way costless collars | Derivative assets
Derivatives, Fair Value [Line Items]
Derivative assets	16	54
Natural Gas | Two-way costless collars | Other long-term assets
Derivatives, Fair Value [Line Items]
Derivative assets	12	20
Natural Gas | Two-way costless collars | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	151	43
Natural Gas | Two-way costless collars | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	27	21
Natural Gas | Three-way costless collars | Derivative assets
Derivatives, Fair Value [Line Items]
Derivative assets	18	57
Natural Gas | Three-way costless collars | Other long-term assets
Derivatives, Fair Value [Line Items]
Derivative assets	68	87
Natural Gas | Three-way costless collars | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	217	82
Natural Gas | Three-way costless collars | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	158	102
Natural Gas | Basis swaps | Derivative assets
Derivatives, Fair Value [Line Items]
Derivative assets	83	60
Natural Gas | Basis swaps | Other long-term assets
Derivatives, Fair Value [Line Items]
Derivative assets	56	15
Natural Gas | Basis swaps | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	19	3
Natural Gas | Basis swaps | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	8	7
Natural Gas | Call options | Derivative assets
Derivatives, Fair Value [Line Items]
Derivative assets	9	4
Natural Gas | Call options | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	51	12
Natural Gas | Call options | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	31	28
Natural Gas | Put options | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	0	1
Natural Gas | Swaptions | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	5	2
Oil | Fixed price swaps | Derivative assets
Derivatives, Fair Value [Line Items]
Derivative assets	0	13
Oil | Fixed price swaps | Other long-term assets
Derivatives, Fair Value [Line Items]
Derivative assets	0	2
Oil | Fixed price swaps | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	58	12
Oil | Fixed price swaps | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	22	2
Oil | Two-way costless collars | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	2	1
Oil | Three-way costless collars | Derivative assets
Derivatives, Fair Value [Line Items]
Derivative assets	1	15
Oil | Three-way costless collars | Other long-term assets
Derivatives, Fair Value [Line Items]
Derivative assets	5	15
Oil | Three-way costless collars | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	29	15
Oil | Three-way costless collars | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	24	15
Oil | Call options | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	1	0
Ethane | Fixed price swaps | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	21	10
Ethane | Fixed price swaps | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	2	0
Ethane | Two-way costless collars | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	1	0
Propane | Fixed price swaps | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	110	36
Propane | Fixed price swaps | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	16	2
Propane | Three-way costless collars | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	1	0
Propane | Three-way costless collars | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	1	0
Normal Butane | Fixed price swaps | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	36	8
Normal Butane | Fixed price swaps | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	7	1
Natural Gasoline | Fixed price swaps | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	39	13
Natural Gasoline | Fixed price swaps | Long-term derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	7	2
Natural Gas Storage | Purchased fixed price swaps | Derivative assets
Derivatives, Fair Value [Line Items]
Derivative assets	1	0
Natural Gas Storage | Fixed price swaps | Derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 2	$ 0

Derivatives and Risk Manageme_6

Derivatives and Risk Management (Summary of Before Tax Effect of Fair Value Hedges not Designated for Hedge Accounting) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	$ (772)	$ (229)	$ (941)	$ 17
Settled Gain (Loss) on Derivatives Recognized in Earnings	(99)	120	(121)	213
Total gain (loss) on derivatives	(871)	(109)	(1,062)	230
Purchased fixed price swaps | Natural Gas
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	2	1	2	0
Settled Gain (Loss) on Derivatives Recognized in Earnings	1	(1)	1	(2)
Purchased fixed price swaps | Natural Gas Storage
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	1	0	1	(1)
Fixed price swaps | Natural Gas
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(221)	(39)	(243)	64
Settled Gain (Loss) on Derivatives Recognized in Earnings	(6)	84	(1)	89
Amortization of premium paid		4		4
Fixed price swaps | Oil
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(41)	(39)	(81)	74
Settled Gain (Loss) on Derivatives Recognized in Earnings	(28)	18	(45)	27
Fixed price swaps | Ethane
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(11)	(22)	(13)	(10)
Settled Gain (Loss) on Derivatives Recognized in Earnings	(6)	2	(10)	8
Fixed price swaps | Propane
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(43)	(44)	(88)	(8)
Settled Gain (Loss) on Derivatives Recognized in Earnings	(30)	7	(60)	17
Fixed price swaps | Normal Butane
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(19)	0	(34)	0
Settled Gain (Loss) on Derivatives Recognized in Earnings	(9)	0	(16)	0
Fixed price swaps | Natural Gasoline
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(11)	0	(31)	0
Settled Gain (Loss) on Derivatives Recognized in Earnings	(13)	0	(22)	0
Two-way costless collars | Natural Gas
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(148)	(7)	(160)	(11)
Settled Gain (Loss) on Derivatives Recognized in Earnings	(2)	0	0	6
Two-way costless collars | Oil
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	0	(10)	(1)	9
Settled Gain (Loss) on Derivatives Recognized in Earnings	(1)	6	(2)	9
Two-way costless collars | Ethane
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(1)	0	(1)	0
Two-way costless collars | Propane
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	0	(3)	0	(1)
Settled Gain (Loss) on Derivatives Recognized in Earnings	0	1	0	2
Three-way costless collars | Natural Gas
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(249)	(45)	(249)	(96)
Settled Gain (Loss) on Derivatives Recognized in Earnings	(8)	7	(7)	43
Three-way costless collars | Oil
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(29)	(6)	(47)	19
Settled Gain (Loss) on Derivatives Recognized in Earnings	(5)	3	(6)	4
Three-way costless collars | Propane
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(1)	0	(2)	0
Basis swaps | Natural Gas
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	44	(13)	47	(14)
Settled Gain (Loss) on Derivatives Recognized in Earnings	8	(7)	49	9
Call options | Natural Gas
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(40)	(4)	(37)	(9)
Call options | Oil
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	0	0	(1)	1
Swaptions | Natural Gas
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(4)	0	(3)	0
Fixed price swaps – storage | Natural Gas Storage
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	(2)	1	(2)	0
Settled Gain (Loss) on Derivatives Recognized in Earnings	0	0	0	1
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	0	1	1	0
Put options | Natural Gas
Derivative Instruments, Gain (Loss) [Line Items]
Unsettled Gain (Loss) on Derivatives Recognized in Earnings	1	0	1	0
Settled Gain (Loss) on Derivatives Recognized in Earnings	$ 0	$ 0	(2)	$ 0
Amortization of premium paid			$ 2

Reclassifications from Accumu_3

Reclassifications from Accumulated Other Comprehensive Income (Loss) (Components of Accumulated Other Comprehensive Income (Loss)) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance beginning	$ 497
Balance ending	(18)
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance beginning	(38)
Other comprehensive income before reclassifications	0
Amounts reclassified from other comprehensive income	3
Net current-period other comprehensive income	3
Balance ending	(35)
Pension and Other Postretirement
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance beginning	(24)
Other comprehensive income before reclassifications	0
Amounts reclassified from other comprehensive income	3
Net current-period other comprehensive income	3
Balance ending	(21)
Foreign Currency
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance beginning	(14)
Other comprehensive income before reclassifications	0
Amounts reclassified from other comprehensive income	0
Net current-period other comprehensive income	0
Balance ending	$ (14)

Reclassifications from Accumu_4

Reclassifications from Accumulated Other Comprehensive Income (Loss) (Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Income (Loss), Net	$ (1)		$ 0		$ 0	$ 1
Provision (Benefit) for Income Taxes	0		0		0	406
Net Income	$ (609)	$ 80	$ (880)	$ (1,547)	(529)	$ (2,427)
Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net Income					3
Amortization of prior service cost and net loss | Amount Reclassified from Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Income (Loss), Net					4
Provision (Benefit) for Income Taxes					1
Net Income					$ 3

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Amount and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments, net	$ (982)	$ (41)
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	2	13
Derivative instruments, net	(982)	(41)
Carrying Amount | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes	2,471	2,471
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	2	13
Derivative instruments, net	(982)	(41)
Fair Value | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes	2,684	2,609
2018 revolving credit facility due April 2024 | Carrying Amount | Long-term debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2018 revolving credit facility due April 2024	568	700
2018 revolving credit facility due April 2024 | Fair Value | Long-term debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2018 revolving credit facility due April 2024	$ 568	$ 700

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Not Designated as Hedging Instrument
Debt Instrument [Line Items]
Fair value of net derivative liability position	$ 2	$ 1
Senior Notes | 4.20% Senior Notes Due March 2022
Debt Instrument [Line Items]
Stated interest rate	4.10%

Fair Value Measurements (Summar

Fair Value Measurements (Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments, net	$ (982)	$ (41)
Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments, net	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments, net	(982)	(41)
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments, net	0	0
Purchased fixed price swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	3	1
Purchased fixed price swaps | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Purchased fixed price swaps | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	3	1
Purchased fixed price swaps | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Fixed price swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1	59
Derivative liabilities	(528)	(96)
Fixed price swaps | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Fixed price swaps | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1	59
Derivative liabilities	(528)	(96)
Fixed price swaps | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Two-way costless collars
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	28	74
Derivative liabilities	(181)	(65)
Two-way costless collars | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Two-way costless collars | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	28	74
Derivative liabilities	(181)	(65)
Two-way costless collars | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Three-way costless collars
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	92	174
Derivative liabilities	(430)	(214)
Three-way costless collars | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Three-way costless collars | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	92	174
Derivative liabilities	(430)	(214)
Three-way costless collars | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Basis swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	139	75
Derivative liabilities	(27)	(10)
Basis swaps | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Basis swaps | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	139	75
Derivative liabilities	(27)	(10)
Basis swaps | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Call options
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	9	4
Derivative liabilities	(83)	(40)
Call options | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Call options | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	9	4
Derivative liabilities	(83)	(40)
Call options | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Purchased fixed price swaps – storage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1
Purchased fixed price swaps – storage | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0
Purchased fixed price swaps – storage | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1
Purchased fixed price swaps – storage | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0
Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1
Interest rate swaps | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0
Interest rate swaps | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1
Interest rate swaps | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0
Put options
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities		(1)
Put options | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities		0
Put options | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities		(1)
Put options | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities		0
Swaptions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	(5)	(2)
Swaptions | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	0	0
Swaptions | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	(5)	(2)
Swaptions | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	0	$ 0
Fixed price swaps – storage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	(2)
Fixed price swaps – storage | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	0
Fixed price swaps – storage | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	(2)
Fixed price swaps – storage | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	$ 0

Debt (Components of Debt) (Deta

Debt (Components of Debt) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Aug. 31, 2020	Jul. 24, 2020	Jun. 30, 2020	Jul. 31, 2018	Jan. 31, 2015
Debt Instrument [Line Items]
Debt Instrument	$ 3,039	$ 3,171
Unamortized Issuance Expense	18	20
Unamortized Debt Discount	(1)	(1)
Current portion of long-term debt	207	0
Total debt	3,020	3,150
Long-term debt
Debt Instrument [Line Items]
Debt Instrument	2,832
Unamortized Issuance Expense	18
Unamortized Debt Discount	(1)
Total debt	$ 2,813
Line of Credit | Variable rate (2.10% at June 30, 2021) 2018 revolving credit facility due April 2024
Debt Instrument [Line Items]
Variable interest rate	2.10%
Line of Credit | Variable rate (2.10% at June 30, 2021) 2018 revolving credit facility due April 2024 | Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument	$ 568
Unamortized Issuance Expense	0
Unamortized Debt Discount	0
Total debt	568
Line of Credit | Variable rate (2.11% at December 31, 2020) 2018 term loan facility due April 2024
Debt Instrument [Line Items]
Debt Instrument		700
Unamortized Issuance Expense		0
Unamortized Debt Discount		0
Total debt		$ 700
Variable interest rate		2.11%
Senior Notes
Debt Instrument [Line Items]
Debt Instrument, current portion of long-term debt	207
Unamortized Issuance Expense	0
Unamortized Debt Discount	0
Current portion of long-term debt	207
Senior Notes | 4.10% Senior Notes due March 2022
Debt Instrument [Line Items]
Debt Instrument, current portion of long-term debt	207
Debt Instrument		$ 207
Unamortized Issuance Expense	0	0
Unamortized Debt Discount	0	0
Current portion of long-term debt	$ 207
Total debt		$ 207
Stated interest rate	4.10%	4.10%			4.10%
Senior Notes | 4.95% Senior Notes due January 2025
Debt Instrument [Line Items]
Debt Instrument	$ 856	$ 856
Unamortized Issuance Expense	4	4
Unamortized Debt Discount	(1)	(1)
Total debt	$ 851	$ 851
Stated interest rate	4.95%	4.95%		6.45%	4.95%	6.20%	4.95%
Senior Notes | 7.50% Senior Notes due April 2026
Debt Instrument [Line Items]
Debt Instrument	$ 618	$ 618
Unamortized Issuance Expense	5	6
Unamortized Debt Discount	0	0
Total debt	$ 613	$ 612
Stated interest rate	7.50%	7.50%			7.50%
Senior Notes | 7.75% Senior Notes due October 2027
Debt Instrument [Line Items]
Debt Instrument	$ 440	$ 440
Unamortized Issuance Expense	4	5
Unamortized Debt Discount	0	0
Total debt	$ 436	$ 435
Stated interest rate	7.75%	7.75%			7.75%
Senior Notes | 8.375% Senior Notes due September 2028
Debt Instrument [Line Items]
Debt Instrument	$ 350	$ 350
Unamortized Issuance Expense	5	5
Unamortized Debt Discount	0	0
Total debt	$ 345	$ 345
Stated interest rate	8.375%	8.375%	8.375%
Other long-term assets | Line of Credit | Variable rate (2.10% at June 30, 2021) 2018 revolving credit facility due April 2024
Debt Instrument [Line Items]
Unamortized Issuance Expense	$ 11	$ 12

Debt (Schedule of Debt Maturiti

Debt (Schedule of Debt Maturities) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Long-term Debt, Fiscal Year Maturity [Abstract]
2021	$ 0
2022	207
2023	0
2024	568
2025	856
Thereafter	1,408
Total	$ 3,039	$ 3,171

Debt (2018 Revolving Credit Fac

Debt (2018 Revolving Credit Facility - Narrative) (Details)	1 Months Ended	3 Months Ended	6 Months Ended
	Apr. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Subsidiary ownership			100.00%
Letters of credit			$ 233,000,000
Debt instrument			3,039,000,000		$ 3,171,000,000
Long-term debt
Debt Instrument [Line Items]
Debt instrument			2,832,000,000
Long-term debt | 2018 revolving credit facility due April 2024
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 3,500,000,000
Current borrowing base				$ 2,000,000,000
Aggregate commitment				$ 2,000,000,000
Limit on securing indebtedness	$ 2,000,000,000
Percentage of consolidated net tangible assets	25.00%
Minimum interest coverage ratio		1
Long-term debt | 2018 revolving credit facility due April 2024 | Maximum
Debt Instrument [Line Items]
Leverage ratio, percentage of credit limit		10.00%
Leverage ratio, amount of credit limit		$ 150,000,000
Long-term debt | 2018 revolving credit facility due April 2024 | Eurodollar | Minimum
Debt Instrument [Line Items]
Basis points	1.75%
Long-term debt | 2018 revolving credit facility due April 2024 | Eurodollar | Maximum
Debt Instrument [Line Items]
Basis points	2.75%
Long-term debt | 2018 revolving credit facility due April 2024 | Base Rate | Minimum
Debt Instrument [Line Items]
Basis points	0.75%
Long-term debt | 2018 revolving credit facility due April 2024 | Base Rate | Maximum
Debt Instrument [Line Items]
Basis points	1.75%
Line of Credit | Revolving Credit Facility | 2018 Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument			$ 568,000,000
After June 30, 2020 | Long-term debt | 2018 revolving credit facility due April 2024 | Maximum
Debt Instrument [Line Items]
Leverage ratio		4

Debt (Senior Notes - Narrative)

Debt (Senior Notes - Narrative) (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended		6 Months Ended
	Aug. 31, 2020	Jan. 31, 2015	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Jul. 24, 2020	Jul. 31, 2018
Debt Instrument [Line Items]
Gain on extinguishment of debt			$ 0	$ 7	$ 0	$ 35
Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt						72
Gain on extinguishment of debt						$ 35
Senior Notes | LIBOR
Debt Instrument [Line Items]
Incremental increase in basis points resulting from downgrades		0.25%
Incremental decrease in basis points resulting from upgrades		0.25%
4.95% Senior Notes due January 2025 | Senior Notes
Debt Instrument [Line Items]
Senior notes		$ 1,000
Stated interest rate		4.95%	4.95%	4.95%	4.95%	4.95%		4.95%	6.45%	6.20%
Repurchased amount				$ 36		$ 36
4.10% Senior Notes due March 2022 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate			4.10%	4.10%	4.10%	4.10%		4.10%
Repurchased amount				$ 6		$ 6
7.50% Senior Notes Due April 2026 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate			7.50%	7.50%	7.50%	7.50%		7.50%
Repurchased amount				$ 21		$ 21
7.75% Senior Notes due October 2027 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate			7.75%	7.75%	7.75%	7.75%		7.75%
Repurchased amount				$ 44		$ 44
8.375% Senior Notes due September 2028 | Senior Notes
Debt Instrument [Line Items]
Senior notes	$ 350
Stated interest rate	8.375%		8.375%		8.375%			8.375%
Proceeds from issuance of long-term debt	$ 345
Percentage price of face value of the notes sold to the public	100.00%
Eight Point Eight Seven Five Percent Senior Notes Due 2023 | Senior Notes | Montage Resources Corporation
Debt Instrument [Line Items]
Senior notes	$ 510
Stated interest rate	8.875%
5.375% Senior Notes due 2029 | Senior Notes | Indigo Natural Resources, LLC | Forecast
Debt Instrument [Line Items]
Stated interest rate							5.375%
Senior note assumed in merger agreement							$ 700

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details)	Jun. 30, 2021USD ($)
Commitments And Contingencies [Line Items]
Obligation under transportation agreements	$ 8,334,000,000
Guarantee obligations relative to the firms transportation agreements and gathering project and services	895,000,000
Material liabilities recognized	0
Pending regulatory approval and/or construction
Commitments And Contingencies [Line Items]
Obligation under transportation agreements	$ 369,000,000

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Future Obligation under Transportation Agreements) (Details) $ in Millions	Jun. 30, 2021USD ($)
Other Commitments [Line Items]
Total	$ 8,334
Less than 1 Year	715
1 to 3 Years	1,575
3 to 5 Years	1,342
5 to 8 Years	1,796
More than 8 Years	2,906
Infrastructure currently in service
Other Commitments [Line Items]
Total	7,965
Less than 1 Year	713
1 to 3 Years	1,557
3 to 5 Years	1,317
5 to 8 Years	1,744
More than 8 Years	2,634
Pending regulatory approval and/or construction
Other Commitments [Line Items]
Total	369
Less than 1 Year	2
1 to 3 Years	18
3 to 5 Years	25
5 to 8 Years	52
More than 8 Years	$ 272

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Effective tax rate	0.00%	0.00%		0.00%	(20.00%)
Discrete tax benefit			$ 408
Valuation allowance related to operating loss			$ 87

Pension Plan and Other Postre_3

Pension Plan and Other Postretirement Benefits (Pension and Other Postretirement Benefit Costs) (Details) - Pension - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 2	$ 0	$ 4
Interest cost	1	1	2	2
Expected return on plan assets	(2)	(2)	(3)	(3)
Amortization of net loss	0	0	0	0
Settlement loss	1	0	1	0
Net periodic benefit cost	$ 0	$ 1	$ 0	$ 3

Pension Plan and Other Postre_4

Pension Plan and Other Postretirement Benefits (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Employer contributions			$ 9
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	$ 1	$ 1	1	$ 1
Benefit obligation	14		14		$ 13
Pension
Defined Benefit Plan Disclosure [Line Items]
Settlement loss	1	0	1	0
Lump sum payments from pension plan			4
Decrease to pension liability due to settlement	3
Net periodic benefit cost	0	$ 1	0	$ 3
Expected future employer contributions, remainder of fiscal year	3		3
Benefit obligation	$ 21		$ 21		$ 33
Non-Qualified Supplemental Employee Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Treasury stock acquired (in shares)			2,035		3,632

Long-term Incentive Compensat_3

Long-term Incentive Compensation (Narrative) (Details) $ in Millions	3 Months Ended				6 Months Ended	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2021USD ($)award_plan	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Stock Based Compensation 2013 Plan
Long-term Incentive Compensation [Line Items]
Service period					3 years
Stock options
Long-term Incentive Compensation [Line Items]
Vesting period					3 years
Expiration period					7 years
Restricted stock
Long-term Incentive Compensation [Line Items]
Vesting period					4 years
Performance units
Long-term Incentive Compensation [Line Items]
Vesting period					3 years	3 years	3 years	3 years
Weighted average period over which unrecognized cost is recognized, years					1 year 10 months 24 days
Liability classified awards, unrecognized compensation costs					$ 25
Number of award plans granted | award_plan					2
Share-based payment arrangement
Long-term Incentive Compensation [Line Items]
Equity-classified awards, unrecognized compensation cost					$ 1
Weighted average period over which unrecognized cost is recognized, years					1 year 4 months 24 days
Restricted stock units
Long-term Incentive Compensation [Line Items]
Vesting period	3 years	4 years	4 years	4 years
Weighted average period over which unrecognized cost is recognized, years					1 year 9 months 18 days
Liability classified awards, unrecognized compensation costs					$ 25
Performance cash awards
Long-term Incentive Compensation [Line Items]
Vesting period					4 years	4 years
Weighted average period over which unrecognized cost is recognized, years					3 years 3 months 18 days
Liability classified awards, unrecognized compensation costs					$ 27

Long-term Incentive Compensat_4

Long-term Incentive Compensation (Schedule of Stock-Based Compensation Costs) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-based compensation cost – expensed	$ 9	$ 6	$ 22	$ 6
Stock-based compensation cost – capitalized	$ 5	$ 1	$ 10	$ 1

Long-term Incentive Compensat_5

Long-term Incentive Compensation (Schedule of Equity-Classified Stock-Based Compensation Costs) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Equity-classified awards – expensed	$ 2	$ 1	$ 2	$ 2
Equity-classified awards – capitalized	$ 0	$ 0	$ 0	$ 0

Long-term Incentive Compensat_6

Long-term Incentive Compensation (Summary of Equity-Classified Stock Option Activity) (Details) - Stock options shares in Thousands	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Number of Options
Beginning balance (in shares) | shares	3,850
Granted (in shares) | shares	0
Exercised (in shares) | shares	0
Forfeited or expired (in shares) | shares	(151)
Ending balance (in shares) | shares	3,699
Exercisable (in shares) | shares	3,699
Weighted Average Exercise Price
Beginning balance (in dollars per share) | $ / shares	$ 13.39
Granted (in dollars per share) | $ / shares	0
Exercised (in dollars per share) | $ / shares	0
Forfeited or expired (in dollars per share) | $ / shares	32.21
Ending balance (in dollars per share) | $ / shares	12.63
Exercisable (in dollars per share) | $ / shares	$ 12.63

Long-term Incentive Compensat_7

Long-term Incentive Compensation (Summary of Equity-Classified Restricted Stock Activity) (Details) - Restricted stock shares in Thousands	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Number of Units
Beginning balance (in shares) | shares	697
Granted (in shares) | shares	307
Vested (in shares) | shares	(855)
Forfeited (in shares) | shares	0
Ending balance (in shares) | shares	149
Weighted Average Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 5.97
Granted (in dollars per share) | $ / shares	5.30
Vested (in dollars per share) | $ / shares	5.83
Forfeited (in dollars per share) | $ / shares	8.59
Ending balance (in dollars per share) | $ / shares	$ 5.38

Long-term Incentive Compensat_8

Long-term Incentive Compensation (Summary of Equity-Classified Restricted Stock Units Activity) (Details) - Restricted stock units shares in Thousands	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Number of Units
Beginning balance (in shares) | shares	134
Granted (in shares) | shares	0
Vested (in shares) | shares	(87)
Forfeited (in shares) | shares	0
Ending balance (in shares) | shares	47
Weighted Average Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 3.05
Granted (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	3.05
Forfeited (in dollars per share) | $ / shares	0
Ending balance (in dollars per share) | $ / shares	$ 3.05

Long-term Incentive Compensat_9

Long-term Incentive Compensation (Schedule of Liability-Classified Stock-Based Compensation Costs) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Liability-classified stock-based compensation cost – expensed	$ 7	$ 5	$ 20	$ 4
Liability-classified stock-based compensation cost – capitalized	$ 5	$ 1	$ 10	$ 1

Long-term Incentive Compensa_10

Long-term Incentive Compensation (Summary of Liability-Classified Restricted Stock Unit Activity) (Details) - Restricted stock units shares in Thousands	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Number of Units
Beginning balance (in shares) | shares	11,613
Granted (in shares) | shares	1,486
Vested (in shares) | shares	(4,522)
Forfeited (in shares) | shares	(489)
Ending balance (in shares) | shares	8,088
Weighted Average Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 2.67
Granted (in dollars per share) | $ / shares	4.23
Vested (in dollars per share) | $ / shares	3.40
Forfeited (in dollars per share) | $ / shares	4.37
Ending balance (in dollars per share) | $ / shares	$ 4.90

Long-term Incentive Compensa_11

Long-term Incentive Compensation (Summary of Liability-Classified Performance Cash Awards ) (Details) - Performance units shares in Thousands	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Number of Units
Beginning balance (in shares) | shares	8,699
Granted (in shares) | shares	3,580
Vested (in shares) | shares	(2,020)
Forfeited (in shares) | shares	(622)
Ending balance (in shares) | shares	9,637
Weighted Average Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 2.57
Granted (in dollars per share) | $ / shares	4.14
Vested (in dollars per share) | $ / shares	4.05
Forfeited (in dollars per share) | $ / shares	2.98
Ending balance (in dollars per share) | $ / shares	$ 3.38

Long-term Incentive Compensa_12

Long-term Incentive Compensation (Summary of Liability-Classified Restricted Cash Unit Activity) (Details) - Performance cash awards shares in Thousands	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Number of Units
Beginning balance (in shares) | shares	18,353
Granted (in shares) | shares	18,546
Vested (in shares) | shares	(4,373)
Forfeited (in shares) | shares	(2,708)
Ending balance (in shares) | shares	29,818
Weighted Average Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 1
Granted (in dollars per share) | $ / shares	1
Vested (in dollars per share) | $ / shares	1
Forfeited (in dollars per share) | $ / shares	1
Ending balance (in dollars per share) | $ / shares	$ 1

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total operating revenues	$ 1,050	$ 410	$ 2,122	$ 1,002
Depreciation, depletion and amortization expense	100	84	196	197
Impairments	0	655	0	2,134
Operating income (loss)	293	(756)	594	(2,246)
Interest expense	30	22	61	41
Gain (loss) on derivatives	(871)	(109)	(1,062)	230
Gain on early extinguishment of debt	0	7	0	35
Other income (loss), net	(1)	0	0	1
Benefit from income taxes	0	0	0	406
Assets	5,394	4,555	5,394	4,555	$ 5,160
Capital investments	259	245	525	482
Restructuring charges	1	2	7	12
Merger-related expenses	3	0	4	0
Change in accrued expenditures	(9)		29	8
Intersegment Revenues
Segment Reporting Information [Line Items]
Total operating revenues	637	190	1,267	490
E&P
Segment Reporting Information [Line Items]
Total operating revenues	718	223	1,437	576
Depreciation, depletion and amortization expense	97	81	191	192
Impairments		655		2,134
Operating income (loss)	286	(748)	581	(2,234)
Interest expense	30	22	61	41
Gain (loss) on derivatives	(872)	(109)	(1,063)	230
Gain on early extinguishment of debt		0		0
Other income (loss), net	(1)	(1)		0
Benefit from income taxes				406
Assets	4,870	4,185	4,870	4,185
Capital investments	259	245	525	482
Restructuring charges	1	2	7	12
Merger-related expenses	3		4
E&P | Intersegment Revenues
Segment Reporting Information [Line Items]
Total operating revenues	(14)	(12)	(28)	(21)
Marketing
Segment Reporting Information [Line Items]
Total operating revenues	332	187	685	426
Depreciation, depletion and amortization expense	3	3	5	5
Impairments		0		0
Operating income (loss)	7	(8)	13	(12)
Interest expense	0	0	0	0
Gain (loss) on derivatives	0	0	0	0
Gain on early extinguishment of debt		0		0
Other income (loss), net	0	0		0
Benefit from income taxes				0
Assets	408	208	408	208
Capital investments	0	0	0	0
Marketing | Intersegment Revenues
Segment Reporting Information [Line Items]
Total operating revenues	651	202	1,295	511
Other
Segment Reporting Information [Line Items]
Total operating revenues	0	0	0	0
Depreciation, depletion and amortization expense	0	0	0	0
Impairments		0		0
Operating income (loss)	0	0	0	0
Interest expense	0	0	0	0
Gain (loss) on derivatives	1	0	1	0
Gain on early extinguishment of debt		7		35
Other income (loss), net	0	1		1
Benefit from income taxes				0
Assets	116	162	116	162
Capital investments	0	0	0	0
Other | Intersegment Revenues
Segment Reporting Information [Line Items]
Total operating revenues	$ 0	$ 0	$ 0	$ 0

Segment Information (Schedule o

Segment Information (Schedule of Other Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 2	$ 13
Accounts receivable	408	368
Property, plant and equipment	4,446	4,111
Unamortized debt expense	18	20
Right-of-use lease assets	147	163
TOTAL ASSETS	5,394	$ 5,160	$ 4,555
Other
Segment Reporting Information [Line Items]
Cash and cash equivalents	2		10
Accounts receivable	3		0
Income taxes receivable	0		31
Prepayments	15		7
Property, plant and equipment	14		21
Unamortized debt expense	11		10
Right-of-use lease assets	67		77
Non-qualified retirement plan	4		5
Other	0		1
TOTAL ASSETS	$ 116		$ 162