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Asset Retirement Obligations (Tables)
6 Months Ended
Jun. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]  
Summary Of Changes In Asset Retirement Obligations

The following table presents the changes in Devon’s asset retirement obligations.

 

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

Asset retirement obligations as of beginning of period

 

$

529

 

 

$

485

 

Liabilities incurred

 

 

14

 

 

 

15

 

Liabilities settled and divested

 

 

(18

)

 

 

(9

)

Revision of estimated obligation

 

 

27

 

 

 

(35

)

Accretion expense on discounted obligation

 

 

14

 

 

 

13

 

Asset retirement obligations as of end of period

 

 

566

 

 

 

469

 

Less current portion

 

 

18

 

 

 

17

 

Asset retirement obligations, long-term

 

$

548

 

 

$

452