v3.26.1
Natural Gas and Oil Property Transactions
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Natural Gas and Oil Property Transactions
2.Natural Gas and Oil Property Transactions

Eagle Ford Divestitures

During 2023, we divested our Eagle Ford assets through three separate transactions (“the Eagle Ford divestiture transactions”). In each of these transactions, we received a portion of the purchase price upon closing, subject to customary post-closing adjustments, with the remainder of the purchase price recorded as deferred consideration and treated as a non-interest-bearing note to be paid in installments in up to the following four years following the close of the transaction. The deferred consideration is recorded at fair value with an imputed rate of interest as a Level 2 input, and approximately $97 million and $114 million of the deferred consideration is reflected within other current assets and approximately $52 million and $91 million of the deferred consideration is reflected within other long-term assets on the condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025, respectively. These installment payments are recorded as receipts of deferred consideration in our condensed consolidated statements of cash flows.