XML 75 R52.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Derivative Financial Instruments (Schedule of Open Oil Derivative Positions) (Details) | 12 Months Ended
--- | ---
Dec. 31, 2023 $ / bbl bbl
NYMEX West Texas Intermediate Price Swaps Oil Q1-Q4 2024 [Member] |
Derivative [Line Items] |
Volume Per Day (Bbls/d) | bbl | 27,486
Weighted Average Price Swap | 77.74
NYMEX West Texas Intermediate Price Collars Oil Q1-Q4 2024 [Member] |
Derivative [Line Items] |
Volume Per Day (Bbls/d) | bbl | 60,238
Weighted Average Floor Price | 65.71
Weighted Average Ceiling Price | 84.89
Midland Sweet Q1-Q4 2024 [Member] |
Derivative [Line Items] |
Volume Per Day (Bbls/d) | bbl | 62,500
Weighted Average Differential To WTI | 1.17
Midland Sweet Q1-Q4 2025 [Member] |
Derivative [Line Items] |
Volume Per Day (Bbls/d) | bbl | 53,000
Weighted Average Differential To WTI | 0.97
NYMEX Roll Q1-Q4 2024 [Member] |
Derivative [Line Items] |
Volume Per Day (Bbls/d) | bbl | 26,000
Weighted Average Differential To WTI | 0.82

X
- Definition Weighted average differential to W T I. + References No definition available. + Details
Name: | dvn_WeightedAverageDifferentialToWTI
Namespace Prefix: | dvn_
Data Type: | srt-types:perUnitItemType
Balance Type: | na
Period Type: | duration

X
- Definition The average cap rate on a group of price risk derivatives such as caps or collars. A payment or receipt is triggered if the market rate exceeds the cap rate on the contract. + References No definition available. + Details
Name: | us-gaap_DerivativeAverageCapPrice
Namespace Prefix: | us-gaap_
Data Type: | srt-types:perUnitItemType
Balance Type: | na
Period Type: | instant

X
- Definition The average floor rate on a group of price risk derivatives such as floors or collars. A payment or receipt is triggered if the market rate falls below the floor rate on the contract. + References No definition available. + Details
Name: | us-gaap_DerivativeAverageFloorPrice
Namespace Prefix: | us-gaap_
Data Type: | srt-types:perUnitItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480237/815-40-50-5 + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Nominal volume used to calculate payments on a derivative instrument. + References No definition available. + Details
Name: | us-gaap_DerivativeNonmonetaryNotionalAmountVolume
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:volumeItemType
Balance Type: | na
Period Type: | duration

X
- Definition Average fixed price related to the group of price risk swap derivatives. + References No definition available. + Details
Name: | us-gaap_DerivativeSwapTypeAverageFixedPrice
Namespace Prefix: | us-gaap_
Data Type: | srt-types:perUnitItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=dvn_NymexWestTexasIntermediatePriceSwapsOilQ1Q42024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=dvn_NymexWestTexasIntermediatePriceCollarsOilQ1Q42024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=dvn_MidlandSweetQ1Q42024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=dvn_MidlandSweetQ1Q42025Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=dvn_NymexRollQ1Q42024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |