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Asset Retirement Obligations (Tables)
6 Months Ended
Jun. 30, 2022
Asset Retirement Obligation Disclosure [Abstract]  
Summary Of Changes In Asset Retirement Obligations

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

 

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

Asset retirement obligations as of beginning of period

 

$

485

 

 

$

369

 

Assumed WPX obligations

 

 

 

 

 

98

 

Liabilities incurred

 

 

15

 

 

 

20

 

Liabilities settled and divested

 

 

(9

)

 

 

(47

)

Revision of estimated obligation

 

 

(35

)

 

 

11

 

Accretion expense on discounted obligation

 

 

13

 

 

 

14

 

Asset retirement obligations as of end of period

 

 

469

 

 

 

465

 

Less current portion

 

 

17

 

 

 

15

 

Asset retirement obligations, long-term

 

$

452

 

 

$

450