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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

Extractive Industries [Abstract]

Table of Property and Equipment, net

The following table presents the aggregate capitalized costs related to Devon’s oil and gas and non-oil and gas activities.

		December 31, 2022				December 31, 2021
Property and equipment:
Proved		$	42,734			$	38,051
Unproved and properties under development			1,548				1,081
Total oil and gas			44,282				39,132
Less accumulated DD&A			(27,715	)			(25,596	)
Oil and gas property and equipment, net			16,567				13,536
Other property and equipment			2,280				2,139
Less accumulated DD&A			(741	)			(667	)
Other property and equipment, net (1)			1,539				1,472
Property and equipment, net		$	18,106			$	15,008

(1)$109 million and $111 million related to CDM in 2022 and 2021, respectively.

Summary of Changes in Suspended Exploratory Well Costs

The following summarizes the changes in suspended exploratory well costs for the three years ended December 31, 2022.

		Year Ended December 31,
		2022			2021			2020
		(Millions)
Beginning balance		$	66		$	18		$	82
Acquired WPX costs			—			34			—
Additions pending determination of proved reserves			462			206			148
Charges to exploration expense			(1	)		(2	)		(3	)
Reclassifications to proved properties			(401	)		(190	)		(209	)
Ending balance		$	126		$	66		$	18

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Tabular disclosure of the change in capitalized exploratory costs during the period.

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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