XML 52 R29.htm IDEA: XBRL DOCUMENT
v3.19.2

Derivative Financial Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Derivative [Line Items] |
Schedule Of Derivative Financial Instruments Included In Consolidated Comprehensive Statements Of Earnings And Consolidated Balance Sheets | The following table presents the net gains and losses by derivative financial instrument type followed by the corresponding individual consolidated comprehensive statements of earnings caption.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Commodity derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Upstream revenues |  | $ | 140 |  |  | $ | (487 | ) |  | $ | (465 | ) |  | $ | (600 | )
Marketing revenues |  |  | — |  |  |  | (1 | ) |  |  | 1 |  |  |  | (1 | )
Interest rate derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other expenses |  |  | — |  |  |  | 19 |  |  |  | — |  |  |  | 65 |
Net gains (losses) recognized |  | $ | 140 |  |  | $ | (469 | ) |  | $ | (464 | ) |  | $ | (536 | )
The following table presents the derivative fair values by derivative financial instrument type followed by the corresponding individual consolidated balance sheet caption.
|  | June 30, 2019 |  |  | December 31, 2018 |
Commodity derivative assets: |  |  |  |  |  |  |  |
Other current assets |  | $ | 117 |  |  | $ | 634 |
Other long-term assets |  |  | 10 |  |  |  | 40 |
Total derivative assets |  | $ | 127 |  |  | $ | 674 |
Commodity derivative liabilities: |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 7 |  |  | $ | 32 |
Other long-term liabilities |  |  | — |  |  |  | 1 |
Total derivative liabilities |  | $ | 7 |  |  | $ | 33 |
Open Oil Derivative Positions [Member] |
Derivative [Line Items] |
Schedule Of Open Derivative Positions |
|  | Price Swaps |  |  | Price Collars |
Period |  | Volume (Bbls/d) |  |  | Weighted Average Price ($/Bbl) |  |  | Volume (Bbls/d) |  |  | Weighted Average Floor Price ($/Bbl) |  |  | Weighted Average Ceiling Price ($/Bbl) |
Q3-Q4 2019 |  |  | 41,100 |  |  | $ | 60.76 |  |  |  | 79,750 |  |  | $ | 54.89 |  |  | $ | 64.92 |
Q1-Q4 2020 |  |  | 3,238 |  |  | $ | 60.13 |  |  |  | 22,432 |  |  | $ | 52.92 |  |  | $ | 63.03 |
|  | Three-Way Price Collars |
Period |  | Volume (Bbls/d) |  |  | Weighted Average Floor Sold Price ($/Bbl) |  |  | Weighted Average Floor Purchased Price ($/Bbl) |  |  | Weighted Average Ceiling Price ($/Bbl) |
Q3-Q4 2019 |  |  | 5,000 |  |  | $ | 50.00 |  |  | $ | 63.00 |  |  | $ | 74.80 |
|  | Oil Basis Swaps |
Period |  | Index |  | Volume (Bbls/d) |  |  | Weighted Average Differential to WTI ($/Bbl) |
Q3-Q4 2019 |  | Midland Sweet |  |  | 28,000 |  |  | $ | (0.46 | )
Q3-Q4 2019 |  | Argus LLS |  |  | 7,500 |  |  | $ | 5.18 |
Q3-Q4 2019 |  | Argus MEH |  |  | 26,000 |  |  | $ | 3.33 |
Q3-Q4 2019 |  | NYMEX Roll |  |  | 38,000 |  |  | $ | 0.45 |
Q1-Q4 2020 |  | Argus MEH |  |  | 9,000 |  |  | $ | 3.44 |
Q1-Q4 2020 |  | NYMEX Roll |  |  | 42,000 |  |  | $ | 0.32 |
Open Natural Gas Derivative Positions [Member] |
Derivative [Line Items] |
Schedule Of Open Derivative Positions |
|  | Price Swaps |  |  | Price Collars |
Period |  | Volume (MMBtu/d) |  |  | Weighted Average Price ($/MMBtu) |  |  | Volume (MMBtu/d) |  |  | Weighted Average Floor Price ($/MMBtu) |  |  | Weighted Average Ceiling Price ($/MMBtu) |
Q3-Q4 2019 |  |  | 257,800 |  |  | $ | 2.80 |  |  |  | 200,500 |  |  | $ | 2.63 |  |  | $ | 3.02 |
Q1-Q4 2020 |  |  | 81,409 |  |  | $ | 2.77 |  |  |  | 42,557 |  |  | $ | 2.73 |  |  | $ | 3.03 |
|  | Natural Gas Basis Swaps |
Period |  | Index |  | Volume (MMBtu/d) |  |  | Weighted Average Differential to Henry Hub ($/MMBtu) |
Q3-Q4 2019 |  | Panhandle Eastern Pipe Line |  |  | 20,000 |  |  | $ | (0.56 | )
Q3-Q4 2019 |  | El Paso Natural Gas |  |  | 130,000 |  |  | $ | (1.46 | )
Q3-Q4 2019 |  | Houston Ship Channel |  |  | 162,500 |  |  | $ | 0.01 |
Q1-Q4 2020 |  | Panhandle Eastern Pipe Line |  |  | 30,000 |  |  | $ | (0.47 | )
Q1-Q4 2020 |  | El Paso Natural Gas |  |  | 40,000 |  |  | $ | (0.67 | )
Q1-Q4 2020 |  | Houston Ship Channel |  |  | 10,000 |  |  | $ | 0.02 |
Open NGL Derivative Positions [Member] |
Derivative [Line Items] |
Schedule Of Open Derivative Positions |
|  |  |  | Price Swaps |
Period |  | Product |  | Volume (Bbls/d) |  |  | Weighted Average Price ($/Bbl) |
Q3-Q4 2019 |  | Ethane |  |  | 1,000 |  |  | $ | 11.55 |
Q3-Q4 2019 |  | Natural Gasoline |  |  | 4,500 |  |  | $ | 55.93 |
Q3-Q4 2019 |  | Normal Butane |  |  | 4,000 |  |  | $ | 33.69 |
Q3-Q4 2019 |  | Propane |  |  | 8,500 |  |  | $ | 30.01 |
Q1-Q4 2020 |  | Propane |  |  | 2,500 |  |  | $ | 27.29 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_TradingActivityByTypeAxis=dvn_OpenOilDerivativePositionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TradingActivityByTypeAxis=dvn_OpenNaturalGasDerivativePositionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TradingActivityByTypeAxis=dvn_OpenNGLDerivativePositionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |