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Acquisitions And Divestitures (Tables) | 9 Months Ended
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Sep. 30, 2014
Business Acquisition [Line Items] |
Schedule Of Operating Revenue And Net Earnings For EnLink And GeoSouthern |
|  | Three Months Ended September 30, 2014 |  | Nine Months Ended September 30, 2014
|  | GeoSouthern |  | EnLink |  | GeoSouthern |  | EnLink
|  | (In millions) |  | (In millions)
Total operating revenues |  | $ | 634 |  | $ | 700 |  | $ | 1,374 |  | $ | 1,670
Total operating expenses |  |  | 322 |  |  | 692 |  |  | 708 |  |  | 1,654
Operating income |  | $ | 312 |  | $ | 8 |  | $ | 666 |  | $ | 16
Schedule Of Unaudited Proforma Information For EnLink And GeoSouthern |
|  | Nine Months Ended September 30,
|  | 2014 |  | 2013
|  | (In millions)
Total operating revenues |  | $ | 14,218 |  | $ | 9,603
Net earnings (loss) |  | $ | 2,109 |  | $ | (192)
Noncontrolling interests |  | $ | 68 |  | $ | 32
Net earnings (loss) attributable to Devon |  | $ | 2,041 |  | $ | (224)
Net earnings (loss) per common share attributable to Devon |  | $ | 4.98 |  | $ | (0.55)
EnLink And Partnership [Member] |
Business Acquisition [Line Items] |
Schedule Of Purchase Price Allocation |
Crosstex Energy, Inc. outstanding common shares: |  |  |  |
Held by public shareholders |  |  | 48.0 |
Restricted shares |  |  | 0.4 |
Total subject to conversion |  |  | 48.4 |
Exchange ratio |  |  | 1.0 | x
Converted shares |  |  | 48.4 |
Crosstex Energy, Inc. common share price (1) |  | $ | 37.60 |
Crosstex Energy, Inc. consideration |  | $ | 1,823 |
Fair value of noncontrolling interests in E2 (2) |  | $ | 12 |
Total Crosstex Energy, Inc. consideration and fair value of noncontrolling interests |  | $ | 1,835 |
Partnership outstanding units: |  |  |  |
Common units held by public unitholders |  |  | 75.1 |
Preferred units held by third party (3) |  |  | 17.1 |
Restricted units |  |  | 0.4 |
Total |  |  | 92.6 |
Partnership common unit price (4) |  | $ | 30.51 |
Partnership common units value |  | $ | 2,825 |
Partnership outstanding unit options value |  | $ | 4 |
Total fair value of noncontrolling interests in the Partnership (4) |  | $ | 2,829 |
Total consideration and fair value of noncontrolling interests |  | $ | 4,664 |
__________________________ (1) The final purchase price is based on the fair value of Crosstex Energy Inc.’s common shares as of the closing date, March 7, 2014. (2) Represents the value of noncontrolling interests related to EnLink’s equity investment in E2 Energy Services, LLC and E2 Appalachian Compression, LLC (collectively “E2”). (3) The Partnership converted the preferred units to common units in February 2014. (4) The final purchase price is based on the fair value of the Partnership’s common shares as of the closing date, March 7, 2014.
EnLink [Member] |
Business Acquisition [Line Items] |
Schedule Of Purchase Price Allocation |
Assets acquired: |  |  |
Current assets |  | $ | 438
Property, plant and equipment, net |  |  | 2,438
Intangible assets |  |  | 547
Equity investment |  |  | 222
Goodwill (1) |  |  | 3,292
Other long term assets |  |  | 1
Liabilities assumed: |  |  |
Current liabilities |  |  | (516)
Long-term debt |  |  | (1,454)
Deferred income taxes |  |  | (203)
Other long-term liabilities |  |  | (101)
Total consideration and fair value of noncontrolling interests |  | $ | 4,664
__________________________ (1) Goodwill is the excess of the consideration transferred over the net assets recognized and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Goodwill is not amortized and is not deductible for tax purposes.
GeoSouthern Intermediate Holdings, LLC [Member] |
Business Acquisition [Line Items] |
Schedule Of Purchase Price Allocation |
Cash and cash equivalents |  | $ | 95
Other current assets |  |  | 256
Proved properties |  |  | 5,029
Unproved properties |  |  | 1,008
Midstream assets |  |  | 85
Current liabilities |  |  | (437)
Long-term liabilities |  |  | (6)
Net assets acquired |  | $ | 6,030

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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