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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Commitments
and Contingencies
Liabilities for loss contingencies arising from claims,
assessments, litigation or other sources are recorded when it is
probable that a liability has been incurred and the amount can
be reasonably estimated. Liabilities for environmental
remediation or restoration claims are recorded when it is
probable that obligations have been incurred and the amounts can
be reasonably estimated. Expenditures related to such
environmental matters are expensed or capitalized in accordance
with Devon’s accounting policy for property and equipment.
Reference is made to Note 10 for a discussion of amounts
recorded for these liabilities.
Table of Contents
DEVON
ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)
Commitments
and Contingencies
Liabilities for loss contingencies arising from claims,
assessments, litigation or other sources are recorded when it is
probable that a liability has been incurred and the amount can
be reasonably estimated. Liabilities for environmental
remediation or restoration claims are recorded when it is
probable that obligations have been incurred and the amounts can
be reasonably estimated. Expenditures related to such
environmental matters are expensed or capitalized in accordance
with Devon’s accounting policy for property and equipment.
Reference is made to Note 10 for a discussion of amounts
recorded for these liabilities.
Table of Contents
DEVON
ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)
Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation or other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. Liabilities for environmental remediation or restoration claims are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. Expenditures related to such environmental matters are expensed or capitalized in accordance with Devon’s accounting policy for property and equipment. Reference is made to Note 10 for a discussion of amounts recorded for these liabilities.
Table of ContentsDEVON ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation or other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. Liabilities for environmental remediation or restoration claims are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. Expenditures related to such environmental matters are expensed or capitalized in accordance with Devon’s accounting policy for property and equipment. Reference is made to Note 10 for a discussion of amounts recorded for these liabilities.
Table of ContentsDEVON ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) These excerpts taken from the DVN 10-K filed Jun 9, 2008. Commitments
and Contingencies
Liabilities for loss contingencies arising from claims,
assessments, litigation or other sources are recorded when it is
probable that a liability has been incurred and the amount can
be reasonably estimated. Liabilities for environmental
remediation or restoration claims are recorded when it is
probable that obligations have been incurred and the amounts can
be reasonably estimated. Expenditures related to such
environmental matters are expensed or capitalized in accordance
with Devon’s accounting policy for property and equipment.
Reference is made to Note 8 for a discussion of amounts
recorded for these liabilities.
Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation or other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. Liabilities for environmental remediation or restoration claims are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. Expenditures related to such environmental matters are expensed or capitalized in accordance with Devon’s accounting policy for property and equipment. Reference is made to Note 8 for a discussion of amounts recorded for these liabilities. These excerpts taken from the DVN 10-K filed Feb 28, 2008. Commitments
and Contingencies
Liabilities for loss contingencies arising from claims,
assessments, litigation or other sources are recorded when it is
probable that a liability has been incurred and the amount can
be reasonably estimated. Liabilities for environmental
remediation or restoration claims are recorded when it is
probable that obligations have been incurred and the amounts can
be reasonably estimated. Expenditures related to such
environmental matters are expensed or capitalized in accordance
with Devon’s accounting policy for property and equipment.
Reference is made to Note 8 for a discussion of amounts
recorded for these liabilities.
Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation or other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. Liabilities for environmental remediation or restoration claims are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. Expenditures related to such environmental matters are expensed or capitalized in accordance with Devon’s accounting policy for property and equipment. Reference is made to Note 8 for a discussion of amounts recorded for these liabilities. This excerpt taken from the DVN 10-K filed Feb 28, 2007. Commitments
and Contingencies
Liabilities for loss contingencies arising from claims,
assessments, litigation or other sources are recorded when it is
probable that a liability has been incurred and the amount can
be reasonably estimated. Environmental expenditures are expensed
or capitalized in accordance with accounting principles
generally accepted in the United States of America.
Liabilities for these expenditures are recorded when it is
probable that obligations have been incurred and the amounts can
be reasonably estimated. Reference is made to Note 8 for a
discussion of amounts recorded for these liabilities.
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