|
|
 | | | |
- close
- close
- close
- close
These excerpts taken from the DVN 10-K filed Jun 9, 2008. Canadian
Royalties
On October 25, 2007, the Alberta government proposed
increases to the royalty rates on oil and natural gas production
beginning in 2009. We believe this proposal would reduce future
earnings and cash flows from our oil and gas properties located
in Alberta. Additionally, assuming all other factors are equal,
higher royalty rates would likely result in lower levels of
capital investment in Alberta relative to our other areas of
operation. However, the magnitude of the potential impact, which
will depend on the final form of enacted legislation and other
factors that impact the relative expected economic returns of
capital projects, cannot be reasonably estimated at this time.
Canadian Royalties On October 25, 2007, the Alberta government proposed increases to the royalty rates on oil and natural gas production beginning in 2009. We believe this proposal would reduce future earnings and cash flows from our oil and gas properties located in Alberta. Additionally, assuming all other factors are equal, higher royalty rates would likely result in lower levels of capital investment in Alberta relative to our other areas of operation. However, the magnitude of the potential impact, which will depend on the final form of enacted legislation and other factors that impact the relative expected economic returns of capital projects, cannot be reasonably estimated at this time. These excerpts taken from the DVN 10-K filed Feb 28, 2008. Canadian
Royalties
On October 25, 2007, the Alberta government proposed
increases to the royalty rates on oil and natural gas production
beginning in 2009. We believe this proposal would reduce future
earnings and cash flows from our oil and gas properties located
in Alberta. Additionally, assuming all other factors are equal,
higher royalty rates would likely result in lower levels of
capital investment in Alberta relative to our other areas of
operation. However, the magnitude of the potential impact, which
will depend on the final form of enacted legislation and other
factors that impact the relative expected economic returns of
capital projects, cannot be reasonably estimated at this time.
Canadian Royalties On October 25, 2007, the Alberta government proposed increases to the royalty rates on oil and natural gas production beginning in 2009. We believe this proposal would reduce future earnings and cash flows from our oil and gas properties located in Alberta. Additionally, assuming all other factors are equal, higher royalty rates would likely result in lower levels of capital investment in Alberta relative to our other areas of operation. However, the magnitude of the potential impact, which will depend on the final form of enacted legislation and other factors that impact the relative expected economic returns of capital projects, cannot be reasonably estimated at this time. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for DVN: |
| |||||||
