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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Canada
Lloydminster — Our Lloydminster properties are
located to the south and east of Jackfish in eastern Alberta and
western Saskatchewan. Lloydminster produces heavy oil by
conventional means without steam injection. We hold
2.5 million net acres and have an 89% average working
interest in our Lloydminster properties. In 2008, we drilled
425 gross wells in the area.
Peace River Arch — The Peace River Arch is
located in west central Alberta. We hold approximately
569,000 net acres in the area, which produces primarily
natural gas and NGLs from conventional reservoirs. Our average
working interest in the area is approximately 70%. We drilled
66 gross wells in the Peace River Arch in 2008.
Deep Basin — Our properties in Canada’s
Deep Basin include portions of west central Alberta and east
central British Columbia. We hold approximately 602,000 net
acres in the Deep Basin. The area produces primarily natural gas
and natural gas liquids from conventional reservoirs. Our
average working interest in the Deep Basin is 45%. In 2008, we
drilled 61 gross wells.
Northeast British Columbia — Our northeast
British Columbia properties are located primarily in British
Columbia and to a lesser extent in northwestern Alberta. We hold
approximately 1.7 million net acres in the
Table of Contents
area. These properties produce principally natural gas from
conventional reservoirs. We hold a 76% average working interest
in these properties. We drilled 37 gross wells in the area
in 2008.
Jackfish — By the end of 2008, we ramped up
production from our 100%-owned Jackfish thermal heavy oil
project in the non-conventional oil sands of east central
Alberta to 22,000 Bbls per day. We are employing
steam-assisted gravity drainage at Jackfish. Production is
expected to increase in 2009 to its peak production target of
35,000 Bbls per day. We hold approximately 75,000 net
acres in the entire Jackfish area, which can support expansion
of the original project. In 2008, we received regulatory
approval to develop a second phase of Jackfish. Like the first
phase, this second phase of Jackfish is also expected to
eventually produce 35,000 Bbls per day of heavy oil
production.
2009 Development Plans — Similar to our 2009
plans for our U.S. Onshore areas discussed above, we expect
to drill fewer wells in 2009 than in 2008 for the key areas in
Canada discussed above. Our plans to drill fewer wells in these
areas is also affected by our intentions to devote a portion of
our planned 2009 capital expenditures to develop our positions
in the Horn River Basin in northeast British Columbia. In 2008,
we accumulated approximately 153,000 net acres targeting
the Devonian shale in this area. In 2009, we will continue to
evaluate our acreage and drill wells in this area to assess the
reserve and production potential of our acreage position.
Canada
Lloydminster — Our Lloydminster properties are
located to the south and east of Jackfish in eastern Alberta and
western Saskatchewan. Lloydminster produces heavy oil by
conventional means without steam injection. We hold
2.5 million net acres and have an 89% average working
interest in our Lloydminster properties. In 2008, we drilled
425 gross wells in the area.
Peace River Arch — The Peace River Arch is
located in west central Alberta. We hold approximately
569,000 net acres in the area, which produces primarily
natural gas and NGLs from conventional reservoirs. Our average
working interest in the area is approximately 70%. We drilled
66 gross wells in the Peace River Arch in 2008.
Deep Basin — Our properties in Canada’s
Deep Basin include portions of west central Alberta and east
central British Columbia. We hold approximately 602,000 net
acres in the Deep Basin. The area produces primarily natural gas
and natural gas liquids from conventional reservoirs. Our
average working interest in the Deep Basin is 45%. In 2008, we
drilled 61 gross wells.
Northeast British Columbia — Our northeast
British Columbia properties are located primarily in British
Columbia and to a lesser extent in northwestern Alberta. We hold
approximately 1.7 million net acres in the
Table of Contents
area. These properties produce principally natural gas from
conventional reservoirs. We hold a 76% average working interest
in these properties. We drilled 37 gross wells in the area
in 2008.
Jackfish — By the end of 2008, we ramped up
production from our 100%-owned Jackfish thermal heavy oil
project in the non-conventional oil sands of east central
Alberta to 22,000 Bbls per day. We are employing
steam-assisted gravity drainage at Jackfish. Production is
expected to increase in 2009 to its peak production target of
35,000 Bbls per day. We hold approximately 75,000 net
acres in the entire Jackfish area, which can support expansion
of the original project. In 2008, we received regulatory
approval to develop a second phase of Jackfish. Like the first
phase, this second phase of Jackfish is also expected to
eventually produce 35,000 Bbls per day of heavy oil
production.
2009 Development Plans — Similar to our 2009
plans for our U.S. Onshore areas discussed above, we expect
to drill fewer wells in 2009 than in 2008 for the key areas in
Canada discussed above. Our plans to drill fewer wells in these
areas is also affected by our intentions to devote a portion of
our planned 2009 capital expenditures to develop our positions
in the Horn River Basin in northeast British Columbia. In 2008,
we accumulated approximately 153,000 net acres targeting
the Devonian shale in this area. In 2009, we will continue to
evaluate our acreage and drill wells in this area to assess the
reserve and production potential of our acreage position.
Canada Lloydminster — Our Lloydminster properties are located to the south and east of Jackfish in eastern Alberta and western Saskatchewan. Lloydminster produces heavy oil by conventional means without steam injection. We hold 2.5 million net acres and have an 89% average working interest in our Lloydminster properties. In 2008, we drilled 425 gross wells in the area. Peace River Arch — The Peace River Arch is located in west central Alberta. We hold approximately 569,000 net acres in the area, which produces primarily natural gas and NGLs from conventional reservoirs. Our average working interest in the area is approximately 70%. We drilled 66 gross wells in the Peace River Arch in 2008. Deep Basin — Our properties in Canada’s Deep Basin include portions of west central Alberta and east central British Columbia. We hold approximately 602,000 net acres in the Deep Basin. The area produces primarily natural gas and natural gas liquids from conventional reservoirs. Our average working interest in the Deep Basin is 45%. In 2008, we drilled 61 gross wells. Northeast British Columbia — Our northeast British Columbia properties are located primarily in British Columbia and to a lesser extent in northwestern Alberta. We hold approximately 1.7 million net acres in the
Table of Contentsarea. These properties produce principally natural gas from conventional reservoirs. We hold a 76% average working interest in these properties. We drilled 37 gross wells in the area in 2008. Jackfish — By the end of 2008, we ramped up production from our 100%-owned Jackfish thermal heavy oil project in the non-conventional oil sands of east central Alberta to 22,000 Bbls per day. We are employing steam-assisted gravity drainage at Jackfish. Production is expected to increase in 2009 to its peak production target of 35,000 Bbls per day. We hold approximately 75,000 net acres in the entire Jackfish area, which can support expansion of the original project. In 2008, we received regulatory approval to develop a second phase of Jackfish. Like the first phase, this second phase of Jackfish is also expected to eventually produce 35,000 Bbls per day of heavy oil production. 2009 Development Plans — Similar to our 2009 plans for our U.S. Onshore areas discussed above, we expect to drill fewer wells in 2009 than in 2008 for the key areas in Canada discussed above. Our plans to drill fewer wells in these areas is also affected by our intentions to devote a portion of our planned 2009 capital expenditures to develop our positions in the Horn River Basin in northeast British Columbia. In 2008, we accumulated approximately 153,000 net acres targeting the Devonian shale in this area. In 2009, we will continue to evaluate our acreage and drill wells in this area to assess the reserve and production potential of our acreage position. Canada Lloydminster — Our Lloydminster properties are located to the south and east of Jackfish in eastern Alberta and western Saskatchewan. Lloydminster produces heavy oil by conventional means without steam injection. We hold 2.5 million net acres and have an 89% average working interest in our Lloydminster properties. In 2008, we drilled 425 gross wells in the area. Peace River Arch — The Peace River Arch is located in west central Alberta. We hold approximately 569,000 net acres in the area, which produces primarily natural gas and NGLs from conventional reservoirs. Our average working interest in the area is approximately 70%. We drilled 66 gross wells in the Peace River Arch in 2008. Deep Basin — Our properties in Canada’s Deep Basin include portions of west central Alberta and east central British Columbia. We hold approximately 602,000 net acres in the Deep Basin. The area produces primarily natural gas and natural gas liquids from conventional reservoirs. Our average working interest in the Deep Basin is 45%. In 2008, we drilled 61 gross wells. Northeast British Columbia — Our northeast British Columbia properties are located primarily in British Columbia and to a lesser extent in northwestern Alberta. We hold approximately 1.7 million net acres in the
Table of Contentsarea. These properties produce principally natural gas from conventional reservoirs. We hold a 76% average working interest in these properties. We drilled 37 gross wells in the area in 2008. Jackfish — By the end of 2008, we ramped up production from our 100%-owned Jackfish thermal heavy oil project in the non-conventional oil sands of east central Alberta to 22,000 Bbls per day. We are employing steam-assisted gravity drainage at Jackfish. Production is expected to increase in 2009 to its peak production target of 35,000 Bbls per day. We hold approximately 75,000 net acres in the entire Jackfish area, which can support expansion of the original project. In 2008, we received regulatory approval to develop a second phase of Jackfish. Like the first phase, this second phase of Jackfish is also expected to eventually produce 35,000 Bbls per day of heavy oil production. 2009 Development Plans — Similar to our 2009 plans for our U.S. Onshore areas discussed above, we expect to drill fewer wells in 2009 than in 2008 for the key areas in Canada discussed above. Our plans to drill fewer wells in these areas is also affected by our intentions to devote a portion of our planned 2009 capital expenditures to develop our positions in the Horn River Basin in northeast British Columbia. In 2008, we accumulated approximately 153,000 net acres targeting the Devonian shale in this area. In 2009, we will continue to evaluate our acreage and drill wells in this area to assess the reserve and production potential of our acreage position. These excerpts taken from the DVN 10-K filed Jun 9, 2008. Canada
Jackfish — We are currently developing our
100%-owned Jackfish thermal heavy oil project in the
non-conventional oil sands of east central Alberta. We are
employing steam-assisted gravity drainage at Jackfish, and we
began steam injection in the third quarter of 2007. Production
is expected to ramp up throughout 2008 toward a peak production
target of 35,000 Bbls per day . We hold approximately
73,000 net acres in the entire Jackfish area, which can
support expansion of the original project. We requested
regulatory approval in late September 2006 to increase the scope
and size of the original project. In 2007, we began front-end
engineering and design work on this extension of the Jackfish
project. We hope to receive regulatory approval and formally
sanction this second phase in the middle of 2008. Like the first
phase, this second phase of Jackfish is also expected to
eventually produce 35,000 Bbls per day of heavy oil
production.
Lloydminster — Our Lloydminster properties are
located to the south and east of Jackfish in eastern Alberta and
western Saskatchewan. Lloydminster produces heavy oil by
conventional means without steam injection. We hold
2.1 million net acres and have a 97% average working
interest in our Lloydminster properties. In 2007, we drilled
429 gross wells in the area and plan to drill approximately
475 gross wells in 2008.
Deep Basin — Our properties in Canada’s
Deep Basin include portions of west central Alberta and east
central British Columbia. We hold approximately 609,000 net
acres in the Deep Basin. The area produces primarily natural gas
and natural gas liquids from conventional reservoirs. Our
average working interest in the Deep Basin is 45%. In 2007, we
drilled 41 gross wells and plan to drill approximately
49 gross wells in the area in 2008.
Peace River Arch — The Peace River Arch is
located in west central Alberta. We hold approximately
494,000 net acres in the area, which produces primarily
natural gas and NGLs from conventional reservoirs. Our average
working interest in the area is approximately 70%. We drilled
60 gross wells in the Peace River Arch in 2007, and we
expect to drill approximately 65 additional gross wells in 2008.
Northeast British Columbia — Our northeast
British Columbia properties are located primarily in
British Columbia and to a lesser extent in northwestern
Alberta. We hold approximately 1.2 million net acres in the
area. These properties produce principally natural gas from
conventional reservoirs. We hold a 72% average working interest
in these properties. We drilled 64 gross wells in the area
in 2007, and we plan to drill approximately 37 gross wells
in 2008.
Canada Jackfish — We are currently developing our 100%-owned Jackfish thermal heavy oil project in the non-conventional oil sands of east central Alberta. We are employing steam-assisted gravity drainage at Jackfish, and we began steam injection in the third quarter of 2007. Production is expected to ramp up throughout 2008 toward a peak production target of 35,000 Bbls per day . We hold approximately 73,000 net acres in the entire Jackfish area, which can support expansion of the original project. We requested regulatory approval in late September 2006 to increase the scope and size of the original project. In 2007, we began front-end engineering and design work on this extension of the Jackfish project. We hope to receive regulatory approval and formally sanction this second phase in the middle of 2008. Like the first phase, this second phase of Jackfish is also expected to eventually produce 35,000 Bbls per day of heavy oil production. Lloydminster — Our Lloydminster properties are located to the south and east of Jackfish in eastern Alberta and western Saskatchewan. Lloydminster produces heavy oil by conventional means without steam injection. We hold 2.1 million net acres and have a 97% average working interest in our Lloydminster properties. In 2007, we drilled 429 gross wells in the area and plan to drill approximately 475 gross wells in 2008. Deep Basin — Our properties in Canada’s Deep Basin include portions of west central Alberta and east central British Columbia. We hold approximately 609,000 net acres in the Deep Basin. The area produces primarily natural gas and natural gas liquids from conventional reservoirs. Our average working interest in the Deep Basin is 45%. In 2007, we drilled 41 gross wells and plan to drill approximately 49 gross wells in the area in 2008. Peace River Arch — The Peace River Arch is located in west central Alberta. We hold approximately 494,000 net acres in the area, which produces primarily natural gas and NGLs from conventional reservoirs. Our average working interest in the area is approximately 70%. We drilled 60 gross wells in the Peace River Arch in 2007, and we expect to drill approximately 65 additional gross wells in 2008. Northeast British Columbia — Our northeast British Columbia properties are located primarily in British Columbia and to a lesser extent in northwestern Alberta. We hold approximately 1.2 million net acres in the area. These properties produce principally natural gas from conventional reservoirs. We hold a 72% average working interest in these properties. We drilled 64 gross wells in the area in 2007, and we plan to drill approximately 37 gross wells in 2008. These excerpts taken from the DVN 10-K filed Feb 28, 2008. Canada
Jackfish — We are currently developing our
100%-owned Jackfish thermal heavy oil project in the
non-conventional oil sands of east central Alberta. We are
employing steam-assisted gravity drainage at Jackfish, and we
began steam injection in the third quarter of 2007. Production
is expected to ramp up throughout 2008 toward a peak production
target of 35,000 Bbls per day . We hold approximately
73,000 net acres in the entire Jackfish area, which can
support expansion of the original project. We requested
regulatory approval in late September 2006 to increase the scope
and size of the original project. In 2007, we began front-end
engineering and design work on this extension of the Jackfish
project. We hope to receive regulatory approval and formally
sanction this second phase in the middle of 2008. Like the first
phase, this second phase of Jackfish is also expected to
eventually produce 35,000 Bbls per day of heavy oil
production.
Lloydminster — Our Lloydminster properties are
located to the south and east of Jackfish in eastern Alberta and
western Saskatchewan. Lloydminster produces heavy oil by
conventional means without steam injection. We hold
2.1 million net acres and have a 97% average working
interest in our Lloydminster properties. In 2007, we drilled
429 gross wells in the area and plan to drill approximately
475 gross wells in 2008.
Deep Basin — Our properties in Canada’s
Deep Basin include portions of west central Alberta and east
central British Columbia. We hold approximately 609,000 net
acres in the Deep Basin. The area produces primarily natural gas
and natural gas liquids from conventional reservoirs. Our
average working interest in the Deep Basin is 45%. In 2007, we
drilled 41 gross wells and plan to drill approximately
49 gross wells in the area in 2008.
Peace River Arch — The Peace River Arch is
located in west central Alberta. We hold approximately
494,000 net acres in the area, which produces primarily
natural gas and NGLs from conventional reservoirs. Our average
working interest in the area is approximately 70%. We drilled
60 gross wells in the Peace River Arch in 2007, and we
expect to drill approximately 65 additional gross wells in 2008.
Northeast British Columbia — Our northeast
British Columbia properties are located primarily in
British Columbia and to a lesser extent in northwestern
Alberta. We hold approximately 1.2 million net acres in the
area. These properties produce principally natural gas from
conventional reservoirs. We hold a 72% average working interest
in these properties. We drilled 64 gross wells in the area
in 2007, and we plan to drill approximately 37 gross wells
in 2008.
Canada Jackfish — We are currently developing our 100%-owned Jackfish thermal heavy oil project in the non-conventional oil sands of east central Alberta. We are employing steam-assisted gravity drainage at Jackfish, and we began steam injection in the third quarter of 2007. Production is expected to ramp up throughout 2008 toward a peak production target of 35,000 Bbls per day . We hold approximately 73,000 net acres in the entire Jackfish area, which can support expansion of the original project. We requested regulatory approval in late September 2006 to increase the scope and size of the original project. In 2007, we began front-end engineering and design work on this extension of the Jackfish project. We hope to receive regulatory approval and formally sanction this second phase in the middle of 2008. Like the first phase, this second phase of Jackfish is also expected to eventually produce 35,000 Bbls per day of heavy oil production. Lloydminster — Our Lloydminster properties are located to the south and east of Jackfish in eastern Alberta and western Saskatchewan. Lloydminster produces heavy oil by conventional means without steam injection. We hold 2.1 million net acres and have a 97% average working interest in our Lloydminster properties. In 2007, we drilled 429 gross wells in the area and plan to drill approximately 475 gross wells in 2008. Deep Basin — Our properties in Canada’s Deep Basin include portions of west central Alberta and east central British Columbia. We hold approximately 609,000 net acres in the Deep Basin. The area produces primarily natural gas and natural gas liquids from conventional reservoirs. Our average working interest in the Deep Basin is 45%. In 2007, we drilled 41 gross wells and plan to drill approximately 49 gross wells in the area in 2008. Peace River Arch — The Peace River Arch is located in west central Alberta. We hold approximately 494,000 net acres in the area, which produces primarily natural gas and NGLs from conventional reservoirs. Our average working interest in the area is approximately 70%. We drilled 60 gross wells in the Peace River Arch in 2007, and we expect to drill approximately 65 additional gross wells in 2008. Northeast British Columbia — Our northeast British Columbia properties are located primarily in British Columbia and to a lesser extent in northwestern Alberta. We hold approximately 1.2 million net acres in the area. These properties produce principally natural gas from conventional reservoirs. We hold a 72% average working interest in these properties. We drilled 64 gross wells in the area in 2007, and we plan to drill approximately 37 gross wells in 2008. This excerpt taken from the DVN 10-K filed Feb 28, 2007. Canada
Jackfish — We are currently developing our
100%-owned Jackfish thermal heavy oil project in the
non-conventional oil sands of east central Alberta. We will
employ steam-assisted gravity drainage at Jackfish, and we
expect to begin steam injection in the second quarter of 2007.
Production is expected to eventually reach 35,000 barrels
per day by the end of 2008 We drilled 19 pairs of producing and
steam-injection wells in 2006, bringing the total number of
well-pairs to 24. We hold approximately 80,000 net acres in
the entire Jackfish area, which can support expansion of the
original project. We requested regulatory approval in late
September 2006 to increase the scope and size of the original
project. We expect to decide in 2007 whether to proceed with
this expansion, which could eventually add an additional
35,000 barrels per day of production.
Deep Basin — Our properties in Canada’s
Deep Basin include portions of west central Alberta and east
central British Columbia. We hold approximately 646,000 net
acres in the Deep Basin. The area produces primarily natural gas
and natural gas liquids from conventional reservoirs. Our
average working interest in the
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Deep Basin is 46%. We drilled 115 gross wells in the Deep
Basin in 2006 and plan to drill 57 gross wells in the area
in 2007.
Lloydminster — Our Lloydminster properties are
located to the south and east of Jackfish in eastern Alberta and
western Saskatchewan. Lloydminster produces heavy oil by
conventional means without steam injection. We hold
2.1 million net acres and have a 97% average working
interest in our Lloydminster properties. In 2006, we drilled
397 gross wells in the area and plan to drill
395 gross wells in 2007.
Peace River Arch — The Peace River Arch is
located in west central Alberta. We hold approximately
476,000 net acres in the area, which produces primarily
natural gas and natural gas liquids from conventional
reservoirs. Our average working interest in the area is about
69%. We drilled 82 gross wells in the Peace River Arch in
2006, and we expect to drill 62 additional wells here in 2007.
Northeast British Columbia — Our Northeast
British Columbia properties are located primarily in British
Columbia and to a lesser extent in north western Alberta. We
hold approximately 1.2 million net acres in the area. These
properties produce principally natural gas from conventional
reservoirs. We hold a 72% average working interest in these
properties. We drilled 64 gross wells in the area in 2006,
and we plan to drill 68 wells here in 2007.
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