DEVON ENERGY CORP/DE | 2013 | FY | 3


 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2013

 

2012

 

 

 

 

 

 

 

(In millions)

Asset retirement obligations as of beginning of period

$

2,095 

 

$

1,563 

Liabilities incurred

 

112 

 

 

90 

Liabilities settled

 

(83)

 

 

(86)

Revision of estimated obligation

 

104 

 

 

420 

Liabilities assumed by others

 

(28)

 

 

(23)

Accretion expense on discounted obligation

 

115 

 

 

110 

Foreign currency translation adjustment

 

(87)

 

 

21 

Asset retirement obligations as of end of period

 

2,228 

 

 

2,095 

Less current portion

 

88 

 

 

99 

Asset retirement obligations, long-term

$

2,140 

 

$

1,996 

 


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