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Acquisitions and Divestitures (Tables) - Devon and WPX Agreement [Member] | 9 Months Ended
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Sep. 30, 2021
Business Acquisition [Line Items] |
Schedule of Preliminary Allocation of the Total Purchase Price | The following table represents the preliminary allocation of the total purchase price of WPX to the identifiable assets acquired and the liabilities assumed based on the fair values as of the acquisition date.
|  | Preliminary Purchase |
|  | Price Allocation |
|  | as of September 30, 2021 |
Consideration: |  |  |  |
WPX Common Stock outstanding |  |  | 561.2 |
Exchange Ratio |  |  | 0.5165 |
Devon common stock issued |  |  | 289.9 |
Devon closing price on January 7, 2021 |  | $ | 18.57 |
Total common equity consideration |  |  | 5,383 |
Share-based replacement awards |  |  | 49 |
Total consideration |  | $ | 5,432 |
Assets acquired: |  |  |  |
Cash, cash equivalents and restricted cash |  | $ | 344 |
Accounts receivable |  |  | 425 |
Other current assets |  |  | 49 |
Right-of-use assets |  |  | 38 |
Proved oil and gas property and equipment |  |  | 7,017 |
Unproved and properties under development |  |  | 2,362 |
Other property and equipment |  |  | 485 |
Investments |  |  | 400 |
Other long-term assets |  |  | 43 |
Total assets acquired |  | $ | 11,163 |
Liabilities assumed: |  |  |  |
Accounts payable |  | $ | 346 |
Revenue and royalties payable |  |  | 223 |
Other current liabilities |  |  | 454 |
Debt |  |  | 3,562 |
Lease liabilities |  |  | 38 |
Asset retirement obligations |  |  | 94 |
Deferred income taxes |  |  | 249 |
Other long-term liabilities |  |  | 765 |
Total liabilities assumed |  |  | 5,731 |
Net assets acquired |  | $ | 5,432 |
Schedule of WPX Revenues And Earnings Included In Devon's Consolidated Comprehensive Statements of Earnings | The following table represents WPX’s revenues and earnings included in Devon’s consolidated statements of comprehensive earnings subsequent to the closing date of the Merger.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2021 |
Total revenues |  | $ | 1,564 |  |  | $ | 3,977 |
Net earnings |  | $ | 414 |  |  | $ | 969 |
Schedule of Pro Forma Adjustments to Confirm Acquisition | The unaudited pro forma financial information is not necessarily indicative of what would have occurred if the Merger had been completed as of the beginning of the periods presented, nor is it indicative of future results.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
Continuing operations: |  | 2020 |  |  | 2020 |
Total revenues |  | $ | 1,540 |  |  | $ | 5,452 |
Net loss |  | $ | (281 | ) |  | $ | (3,247 | )
Basic net loss per share |  | $ | (0.42 | ) |  | $ | (4.87 | )

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