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Asset Retirement Obligations (Tables)
9 Months Ended
Sep. 30, 2025
Asset Retirement Obligation Disclosure [Abstract]  
Summary of Changes in Asset Retirement Obligations

The following table presents the changes in Devon’s asset retirement obligations.

 

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

Asset retirement obligations as of beginning of period

 

$

807

 

 

$

665

 

Assumed Grayson Mill obligations

 

 

 

 

 

75

 

Liabilities incurred

 

 

50

 

 

 

21

 

Liabilities settled and divested

 

 

(54

)

 

 

(25

)

Revision and reclassification of estimated obligation

 

 

55

 

 

 

35

 

Accretion expense on discounted obligation

 

 

37

 

 

 

28

 

Asset retirement obligations as of end of period

 

 

895

 

 

 

799

 

Less current portion

 

 

45

 

 

 

34

 

Asset retirement obligations, long-term

 

$

850

 

 

$

765