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Devon Energy DVN Oil and Gas, Capitalized Exploratory Well Cost, Reclassification Based on Determination of Proved Reserve
Oil and Gas, Capitalized Exploratory Well Cost, Reclassification Based on Determination of Proved Reserve at other companies
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Where this comes from
Reported directly by Devon Energy in its filing.
Tagged under the XBRL concept us-gaap:ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves.
The source filing: Devon Energy’s 10-K, filed February 18, 2026.
- Filed
- Feb 18, 2026, 12:01 PM EST
- Fiscal year
- FY2025
- Accession
- 0001193125-26-056485
| Line item | Year Ended December 31, 2025 | Year Ended December 31, 2024 | Year Ended December 31, 2023 |
|---|---|---|---|
| Beginning balance | $293 | $136 | $126 |
| Additions pending determination of proved reserves | 555 | 674 | 522 |
| Charges to exploration expense | (1) | (1) | (1) |
| Reclassifications to proved properties | (624) | (516) | (511) |
| Ending balance | $223 | $293 | $136 |
Item 8. Financial Statements and Supplementary Data
FAQ
- What is Devon Energy's oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve?
- Devon Energy (DVN) reported oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve of $156M in Q4 2025.
- How has Devon Energy's oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve changed year-over-year?
- Devon Energy's oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve increased by 20.9% year-over-year, from $129M to $156M.
- What is the long-term trend for Devon Energy's oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve?
- Over 4 years (2021 to 2025), Devon Energy's oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve has grown at a 34.6% compound annual growth rate (CAGR), from $190M to $624M.
- What does oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve mean?
- The transfer of costs from exploratory well status to property, plant, and equipment once a well is confirmed to contain proved reserves. This marks the transition of an asset from an exploration project to a productive development asset.
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