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REVENUE RECOGNITION
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Crude oil, natural gas, and NGL sales revenue presented within the accompanying statements of operations is reflective of the revenue generated from contracts with customers. Revenue attributable to each identified revenue stream and operating region is disaggregated below (in millions):
Three Months Ended March 31,
Sales by Commodity and Operating Region20252024
Crude oil
Permian Basin$487 $585 
DJ Basin414 491 
Total901 1,076 
Natural gas
Permian Basin25 13 
DJ Basin100 74 
Total125 87 
NGL
Permian Basin78 83 
DJ Basin88 82 
Total166 165 
Crude oil, natural gas, and NGL
Permian Basin590 681 
DJ Basin602 647 
Total$1,192 $1,328 
We record revenue in the month production is delivered to the purchaser. However, purchaser statements may not be received for one to two months after the date production is delivered, and as a result, we estimate the volume of production delivered to the purchaser and the price that will be received for the sale of the product. Generally, we record the differences between our estimates and the actual amounts received for product sales in the month that payment is received from the purchaser. Any identified differences between our revenue estimates and actual revenue received historically have not been significant. For the three months ended March 31, 2025 and 2024, revenue recognized in the reporting period related to performance obligations satisfied in prior reporting periods was not material.