Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative [Line Items]

Schedule Of Derivative Financial Instruments Included In Consolidated Statements Of Comprehensive Earnings And Consolidated Balance Sheets

The following table presents the net gains and losses by derivative financial instrument type followed by the corresponding individual consolidated statements of comprehensive earnings caption.

	Year Ended December 31,
	2020		2019			2018
Commodity derivatives:
Oil, gas and NGL derivatives	$	155	$	(454	)	$	457
Marketing and midstream revenues		—		1			(1	)
Interest rate derivatives:
Other expenses		—		—			65
Net gains (losses) recognized	$	155	$	(453	)	$	521

The following table presents the derivative fair values by derivative financial instrument type followed by the corresponding individual consolidated balance sheet caption.

	December 31, 2020		December 31, 2019
Commodity derivative assets:
Other current assets	$	5	$	49
Other long-term assets		1		1
Total derivative assets	$	6	$	50
Commodity derivative liabilities:
Other current liabilities	$	143	$	30
Other long-term liabilities		5		1
Total derivative liabilities	$	148	$	31

Open Oil Derivative Positions [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

	Price Swaps				Price Collars
Period	Volume (Bbls/d)		Weighted Average Price ($/Bbl)		Volume (Bbls/d)		Weighted Average Floor Price ($/Bbl)		Weighted Average Ceiling Price ($/Bbl)
Q1-Q4 2021		28,040	$	37.60		32,726	$	40.77	$	50.77
Q1-Q2 2022		1,249	$	45.16		9,856	$	38.24	$	48.24

	Oil Basis Swaps
Period	Index	Volume (Bbls/d)		Weighted Average Differential to WTI ($/Bbl)
Q1-Q4 2021	Midland Sweet		7,000	$	1.27

Open Natural Gas Derivative Positions [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

The second table presents Devon’s natural gas derivatives that settle against the respective indices noted within the table.

	Price Swaps				Price Collars
Period	Volume (MMBtu/d)		Weighted Average Price ($/MMBtu)		Volume (MMBtu/d)		Weighted Average Floor Price ($/MMBtu)		Weighted Average Ceiling Price ($/MMBtu)
Q1-Q4 2021		32,699	$	2.76		179,055	$	2.45	$	2.95
Q1-Q4 2022		6,961	$	2.85		54,901	$	2.66	$	3.16

	Natural Gas Basis Swaps
Period	Index	Volume (MMBtu/d)		Weighted Average Differential to Henry Hub ($/MMBtu)
Q1-Q4 2021	El Paso Natural Gas		35,000	$	(0.92	)