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

The following table presents Devon's investments.

 

 

 

 

 

Carrying Amount

 

Investments

 

% Interest

 

September 30, 2023

 

 

December 31, 2022

 

Catalyst

 

50%

 

$

317

 

 

$

339

 

Water JV

 

30%

 

 

214

 

 

 

 

Matterhorn

 

12.5%

 

 

90

 

 

 

54

 

Other

 

Various

 

 

50

 

 

 

47

 

      Total

 

 

 

$

671

 

 

$

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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Oil

 

$

2,377

 

 

$

2,515

 

 

$

6,626

 

 

$

7,891

 

Gas

 

 

189

 

 

 

666

 

 

 

524

 

 

 

1,530

 

NGL

 

 

316

 

 

 

487

 

 

 

904

 

 

 

1,522

 

Oil, gas and NGL sales

 

 

2,882

 

 

 

3,668

 

 

 

8,054

 

 

 

10,943

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oil

 

 

795

 

 

 

787

 

 

 

2,260

 

 

 

2,515

 

Gas

 

 

153

 

 

 

387

 

 

 

428

 

 

 

918

 

NGL

 

 

200

 

 

 

342

 

 

 

577

 

 

 

1,099

 

Marketing and midstream revenues

 

 

1,148

 

 

 

1,516

 

 

 

3,265

 

 

 

4,532

 

Total revenues from contracts with customers

 

$

4,030

 

 

$

5,184

 

 

$

11,319

 

 

$

15,475