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Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2024
Extractive Industries [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment

The following table presents the aggregate capitalized costs related to Devon’s oil and gas and non-oil and gas activities.

 

 

 

June 30, 2024

 

 

December 31, 2023

 

Property and equipment:

 

 

 

 

 

 

Proved

 

$

48,402

 

 

$

46,659

 

Unproved and properties under development

 

 

1,370

 

 

 

1,279

 

Total oil and gas

 

 

49,772

 

 

 

47,938

 

Less accumulated DD&A

 

 

(31,556

)

 

 

(30,113

)

Oil and gas property and equipment, net

 

 

18,216

 

 

 

17,825

 

Other property and equipment

 

 

2,386

 

 

 

2,289

 

Less accumulated DD&A

 

 

(817

)

 

 

(786

)

Other property and equipment, net (1)

 

 

1,569

 

 

 

1,503

 

Property and equipment, net

 

$

19,785

 

 

$

19,328

 

 

(1)
$159 million and $136 million related to CDM in 2024 and 2023, respectively.