XML 45 R19.htm IDEA: XBRL DOCUMENT v3.22.4
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2022
Extractive Industries [Abstract]  
Property, Plant and Equipment
13.
Property, Plant and Equipment

Capitalized Costs

 

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.

 

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

 

 

Devon had no projects with suspended exploratory well costs capitalized for a period greater than one year since the completion of drilling as of December 31, 2022, 2021 and 2020.