v3.26.3
ASSETS HELD FOR SALE
9 Months Ended
Sep. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
ASSETS HELD FOR SALE ASSETS HELD FOR SALE
Uinta Basin

In September 2026, we entered into an agreement to sell our Uinta basin assets for cash consideration of approximately $90 million, subject to customary purchase price adjustments. The Uinta basin assets were acquired as part of the Berry Merger. The transaction has an effective date of July 1, 2026. Closing is expected in the fourth quarter of 2026, subject to the receipt of certain third-party consents and satisfaction of other customary closing conditions.
The sale of our Uinta basin assets met the criteria for assets held for sale as of September 30, 2026. These assets, primarily consisting of PP&E, are presented as assets held for sale on our condensed consolidated balance sheet. The associated liabilities, which predominantly consist of asset retirement obligations and payables, are presented as liabilities associated with assets held for sale on our condensed consolidated balance sheet. The Uinta basin assets and liabilities are included in our oil and natural gas segment.