v3.26.1
Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers
Note 3 - Revenue from Contracts with Customers
We recognize our share of revenue from the sale of produced oil, gas, and NGLs from our Permian Basin, DJ Basin, South Texas, and Uinta Basin assets. Oil, gas, and NGL production revenue presented within the accompanying statements of operations reflects revenue generated from contracts with customers.
The table below presents oil, gas, and NGL production revenue by product type for each of our operating areas. The Permian Basin and DJ Basin results reflect activity from the assets acquired in the Merger only after the Closing Date of January 30, 2026, and the South Texas results reflect activity from the assets sold in the South Texas Divestiture only for the period from January 1, 2026, through the divestiture date of April 30, 2026.
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(in millions)
Oil production revenue
Permian Basin$1,135$315$1,835$651
DJ Basin486—753—
South Texas125113221231
Uinta Basin280225479430
Total2,0266533,2881,312
Gas production revenue
Permian Basin (53)27(40)83
DJ Basin 43—87—
South Texas19447999
Uinta Basin661316
Total1578139198
NGL production revenue
Permian Basin28—44—
DJ Basin50—81—
South Texas375481114
Uinta Basin————
Total11554206115
Oil, Gas, and NGL production revenue
Permian Basin 1,1103421,839735
DJ Basin579—921—
South Texas181211381444
Uinta Basin286232492446
Total$2,156$785$3,633$1,625
Relative percentage of total Oil, Gas, and NGL production revenue
Permian Basin 51%43%51%45%
DJ Basin
27%—%25%—%
South Texas8%27%10%27%
Uinta Basin13%30%14%28%
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Note: Prior year amounts may not calculate due to rounding.
As of June 30, 2026, there were no material unsatisfied or partially unsatisfied performance obligations.
Accrued oil, gas, and NGL production revenue included in accounts receivable in the accompanying unaudited condensed consolidated balance sheets (“accompanying balance sheets”) as of June 30, 2026, and December 31, 2025, was $620 million and $193 million, respectively.