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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Commitments and Contingencies

The following table presents Devon’s commitments that have initial or remaining noncancelable terms in excess of one year as of December 31, 2023.

Year Ending December 31,

 

Drilling and Facility Obligations(1)

 

 

Operational
 Agreements
(1)

 

 

Office and Equipment Leases and Other

 

2024

 

$

190

 

 

$

523

 

 

$

103

 

2025

 

 

25

 

 

 

550

 

 

 

83

 

2026

 

 

19

 

 

 

514

 

 

 

58

 

2027

 

 

23

 

 

 

384

 

 

 

42

 

2028

 

 

35

 

 

 

362

 

 

 

37

 

Thereafter

 

 

4

 

 

 

1,132

 

 

 

432

 

Total

 

$

296

 

 

$

3,465

 

 

$

755

 

 

(1)
Total costs incurred under take-or-pay and throughput obligations were approximately $750 million, $650 million and $500 million in 2023, 2022 and 2021, respectively.