Non-Current Assets

Oil And Gas Property Successful Effort Method Net

Devon Energy Oil And Gas Property Successful Effort Method Net increased by 0.8% to $23.91B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.1%, from $23.43B to $23.91B. Over 5 years (FY 2020 to FY 2025), Oil And Gas Property Successful Effort Method Net shows an upward trend with a 39.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalHigher is better
VolatilityStable
First reportedQ4 2016
Last reportedQ1 2026

How to read this metric

Growth in this metric indicates successful capital investment in reserves, while a decline may suggest asset depreciation or divestitures.

Detailed definition

The capitalized costs of oil and gas exploration and development activities that have resulted in the discovery of prove...

Peer comparison

Directly comparable to other energy producers using the successful efforts accounting method.

Metric ID: non_current_assets_oil_and_gas_property_successful_effor_b4517a

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$13.73B$13.61B$13.54B$13.57B$13.59B$16.26B$16.57B$16.93B$17.32B$17.56B$17.83B$18.03B$18.22B$23.16B$23.20B$23.43B$23.43B$23.59B$23.73B$23.91B
QoQ Change-0.8%-0.6%+0.2%+0.2%+19.6%+1.9%+2.2%+2.3%+1.4%+1.5%+1.2%+1.0%+27.1%+0.2%+1.0%-0.0%+0.7%+0.6%+0.8%
YoY Change-1.0%+19.4%+22.4%+24.8%+27.4%+8.0%+7.6%+6.5%+5.2%+31.8%+30.1%+29.9%+28.6%+1.9%+2.3%+2.1%
Range$13.54B$23.91B
CAGR+12.4%
Avg YoY Growth+15.4%
Median YoY Growth+13.7%
Current Streak3 quarters growth

Frequently Asked Questions

What is Devon Energy's oil and gas property successful effort method net?
Devon Energy (DVN) reported oil and gas property successful effort method net of $23.91B in Q1 2026.
How has Devon Energy's oil and gas property successful effort method net changed year-over-year?
Devon Energy's oil and gas property successful effort method net increased by 2.1% year-over-year, from $23.43B to $23.91B.
What is the long-term trend for Devon Energy's oil and gas property successful effort method net?
Over 5 years (2020 to 2025), Devon Energy's oil and gas property successful effort method net has grown at a 39.9% compound annual growth rate (CAGR), from $4.44B to $23.73B.
What does oil and gas property successful effort method net mean?
The net value of capitalized costs for successful oil and gas exploration and development projects.