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Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2024

Extractive Industries [Abstract]

Table of Property and Equipment, net

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

		September 30, 2024				December 31, 2023
Property and equipment:
Proved		$	52,190			$	46,659
Unproved and properties under development			3,286				1,279
Total oil and gas			55,476				47,938
Less accumulated DD&A			(32,321	)			(30,113	)
Oil and gas property and equipment, net			23,155				17,825
Other property and equipment			2,630				2,289
Less accumulated DD&A			(835	)			(786	)
Other property and equipment, net (1)			1,795				1,503
Property and equipment, net		$	24,950			$	19,328

(1)$164 million and $136 million related to CDM in 2024 and 2023, respectively.

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

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