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Investments
 3 Months Ended
Mar. 31, 2025
Investments [Abstract]  
Investments Investments

The following table presents Devon's investments shown on the consolidated balance sheets.

 

 

 

 

 

Carrying Amount

 

Investments

 

% Interest

 

March 31, 2025

 

 

December 31, 2024

 

Catalyst

 

50%

 

$

266

 

 

$

273

 

Water JV

 

30%

 

 

218

 

 

 

216

 

Fervo

 

17%

 

 

113

 

 

 

115

 

Matterhorn

 

12.5%

 

 

69

 

 

 

69

 

Other

 

Various

 

 

47

 

 

 

54

 

      Total

 

 

 

$

713

 

 

$

727

 

 

On May 5, 2025, Devon agreed to sell its investment in Matterhorn for approximately $375 million. The transaction is expected to close by the end of the second quarter, subject to customary closing conditions.