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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Schedule of Components of Investment

The following table presents Devon's investments.

 

 

 

 

 

Carrying Amount

 

Investments

 

% Interest

 

June 30, 2023

 

 

December 31, 2022

 

Catalyst

 

50%

 

$

324

 

 

$

339

 

Water JV

 

30%

 

 

212

 

 

 

 

Matterhorn

 

12.5%

 

 

90

 

 

 

54

 

Other

 

Various

 

 

49

 

 

 

47

 

      Total

 

 

 

$

675

 

 

$

440

 

Schedule of Revenue from Contracts with Customers

The following table presents revenue from contracts with customers that are disaggregated based on the type of good or service.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Oil

 

$

2,106

 

 

$

2,970

 

 

$

4,249

 

 

$

5,376

 

Gas

 

 

122

 

 

 

557

 

 

 

335

 

 

 

864

 

NGL

 

 

265

 

 

 

573

 

 

 

588

 

 

 

1,035

 

Oil, gas and NGL sales

 

 

2,493

 

 

 

4,100

 

 

 

5,172

 

 

 

7,275

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oil

 

 

735

 

 

 

952

 

 

 

1,465

 

 

 

1,728

 

Gas

 

 

123

 

 

 

322

 

 

 

275

 

 

 

531

 

NGL

 

 

179

 

 

 

422

 

 

 

377

 

 

 

757

 

Marketing and midstream revenues

 

 

1,037

 

 

 

1,696

 

 

 

2,117

 

 

 

3,016

 

Total revenues from contracts with customers

 

$

3,530

 

 

$

5,796

 

 

$

7,289

 

 

$

10,291