Acquisitions And Divestitures (Tables)

9 Months Ended

Sep. 30, 2014

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