DVN » Topics » 10.125% Debentures due November 15, 2009

These excerpts taken from the DVN 10-K filed Feb 27, 2009.
10.125% Debentures due November 15, 2009
 
These debentures were assumed as part of the PennzEnergy acquisition. The fair value of the debentures was determined using August 17, 1999, market interest rates. As a result, a premium was recorded on these debentures, which lowered the effective interest rate to 8.9%. The premium is being amortized using the effective interest method.
 
10.125% Debentures due November 15, 2009
 
These debentures were assumed as part of the PennzEnergy acquisition. The fair value of the debentures was determined using August 17, 1999, market interest rates. As a result, a premium was recorded on these debentures, which lowered the effective interest rate to 8.9%. The premium is being amortized using the effective interest method.
 
10.125% Debentures
due November 15, 2009



 





These debentures were assumed as part of the PennzEnergy
acquisition. The fair value of the debentures was determined
using August 17, 1999, market interest rates. As a result,
a premium was recorded on these debentures, which lowered the
effective interest rate to 8.9%. The premium is being amortized
using the effective interest method.


 






10.125% Debentures
due November 15, 2009



 





These debentures were assumed as part of the PennzEnergy
acquisition. The fair value of the debentures was determined
using August 17, 1999, market interest rates. As a result,
a premium was recorded on these debentures, which lowered the
effective interest rate to 8.9%. The premium is being amortized
using the effective interest method.


 






These excerpts taken from the DVN 10-K filed Jun 9, 2008.
10.125% Debentures due November 15, 2009
 
These debentures were assumed as part of the PennzEnergy acquisition. The fair value of the debentures was determined using August 17, 1999, market interest rates. As a result, a premium was recorded on these debentures, which lowered the effective interest rate to 8.9%. The premium is being amortized using the effective interest method.
 
10.125% Debentures
due November 15, 2009



 



These debentures were assumed as part of the PennzEnergy
acquisition. The fair value of the debentures was determined
using August 17, 1999, market interest rates. As a result,
a premium was recorded on these debentures, which lowered the
effective interest rate to 8.9%. The premium is being amortized
using the effective interest method.


 




These excerpts taken from the DVN 10-K filed Feb 28, 2008.
10.125% Debentures due November 15, 2009
 
These debentures were assumed as part of the PennzEnergy acquisition. The fair value of the debentures was determined using August 17, 1999, market interest rates. As a result, a premium was recorded on these debentures, which lowered the effective interest rate to 8.9%. The premium is being amortized using the effective interest method.
 
10.125% Debentures
due November 15, 2009



 



These debentures were assumed as part of the PennzEnergy
acquisition. The fair value of the debentures was determined
using August 17, 1999, market interest rates. As a result,
a premium was recorded on these debentures, which lowered the
effective interest rate to 8.9%. The premium is being amortized
using the effective interest method.


 




This excerpt taken from the DVN 10-K filed Feb 28, 2007.
10.125% Debentures due November 15, 2009
 
These debentures were assumed as part of the PennzEnergy acquisition. The fair value of the debentures was determined using August 17, 1999, market interest rates. As a result, a premium was recorded on these debentures which lowered the effective interest rate to 8.9%. The premium is being amortized using the effective interest method.
 
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