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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Depreciation,
Depletion and Amortization (“DD&A”)
Our 2009 oil and gas property DD&A rate will depend on
various factors. Most notable among such factors are the amount
of proved reserves that will be added from drilling or
acquisition efforts in 2009 compared to the costs incurred for
such efforts and revisions to our year-end 2008 reserve
estimates that, based on prior experience, are likely to be made
during 2009. Our reserve estimates as of December 31, 2008
included negative price revisions of 473 MMBoe. The
following oil and gas property related DD&A estimates are
largely based on the assumption that the year-end 2008 negative
price revisions will not reverse during 2009. However, if such
negative price revisions reverse, in whole or in part, our
actual oil and gas property related DD&A rate could vary
materially from our estimate.
Given these uncertainties, we estimate that our oil and gas
property related DD&A rate will be between $10.25 per Boe
and $10.75 per Boe. Based on these DD&A rates and the
production estimates set forth earlier, oil and gas property
related DD&A expense for 2009 is expected to be between
$2.44 billion and $2.56 billion.
Additionally, we expect that our depreciation and amortization
expense related to non-oil and gas property fixed assets will
total between $315 million and $335 million in 2008.
Depreciation,
Depletion and Amortization (“DD&A”)
Our 2009 oil and gas property DD&A rate will depend on
various factors. Most notable among such factors are the amount
of proved reserves that will be added from drilling or
acquisition efforts in 2009 compared to the costs incurred for
such efforts and revisions to our year-end 2008 reserve
estimates that, based on prior experience, are likely to be made
during 2009. Our reserve estimates as of December 31, 2008
included negative price revisions of 473 MMBoe. The
following oil and gas property related DD&A estimates are
largely based on the assumption that the year-end 2008 negative
price revisions will not reverse during 2009. However, if such
negative price revisions reverse, in whole or in part, our
actual oil and gas property related DD&A rate could vary
materially from our estimate.
Given these uncertainties, we estimate that our oil and gas
property related DD&A rate will be between $10.25 per Boe
and $10.75 per Boe. Based on these DD&A rates and the
production estimates set forth earlier, oil and gas property
related DD&A expense for 2009 is expected to be between
$2.44 billion and $2.56 billion.
Additionally, we expect that our depreciation and amortization
expense related to non-oil and gas property fixed assets will
total between $315 million and $335 million in 2008.
Depreciation, Depletion and Amortization (“DD&A”) Our 2009 oil and gas property DD&A rate will depend on various factors. Most notable among such factors are the amount of proved reserves that will be added from drilling or acquisition efforts in 2009 compared to the costs incurred for such efforts and revisions to our year-end 2008 reserve estimates that, based on prior experience, are likely to be made during 2009. Our reserve estimates as of December 31, 2008 included negative price revisions of 473 MMBoe. The following oil and gas property related DD&A estimates are largely based on the assumption that the year-end 2008 negative price revisions will not reverse during 2009. However, if such negative price revisions reverse, in whole or in part, our actual oil and gas property related DD&A rate could vary materially from our estimate. Given these uncertainties, we estimate that our oil and gas property related DD&A rate will be between $10.25 per Boe and $10.75 per Boe. Based on these DD&A rates and the production estimates set forth earlier, oil and gas property related DD&A expense for 2009 is expected to be between $2.44 billion and $2.56 billion. Additionally, we expect that our depreciation and amortization expense related to non-oil and gas property fixed assets will total between $315 million and $335 million in 2008. Depreciation, Depletion and Amortization (“DD&A”) Our 2009 oil and gas property DD&A rate will depend on various factors. Most notable among such factors are the amount of proved reserves that will be added from drilling or acquisition efforts in 2009 compared to the costs incurred for such efforts and revisions to our year-end 2008 reserve estimates that, based on prior experience, are likely to be made during 2009. Our reserve estimates as of December 31, 2008 included negative price revisions of 473 MMBoe. The following oil and gas property related DD&A estimates are largely based on the assumption that the year-end 2008 negative price revisions will not reverse during 2009. However, if such negative price revisions reverse, in whole or in part, our actual oil and gas property related DD&A rate could vary materially from our estimate. Given these uncertainties, we estimate that our oil and gas property related DD&A rate will be between $10.25 per Boe and $10.75 per Boe. Based on these DD&A rates and the production estimates set forth earlier, oil and gas property related DD&A expense for 2009 is expected to be between $2.44 billion and $2.56 billion. Additionally, we expect that our depreciation and amortization expense related to non-oil and gas property fixed assets will total between $315 million and $335 million in 2008. These excerpts taken from the DVN 10-K filed Jun 9, 2008. Depreciation,
Depletion and Amortization (“DD&A”)
Our 2008 oil and gas property DD&A rate will depend on
various factors. Most notable among such factors are the amount
of proved reserves that will be added from drilling or
acquisition efforts in 2008 compared to the costs incurred for
such efforts, and the revisions to our year-end 2007 reserve
estimates that, based on prior experience, are likely to be made
during 2008.
Given these uncertainties, we estimate that our oil and gas
property-related DD&A rate will be between $12.75 per Boe
and $13.25 per Boe. Based on these DD&A rates and the
production estimates set forth earlier, oil and gas property
related DD&A expense for 2008 is expected to be between
$3.09 billion and $3.20 billion.
Additionally, we expect that our depreciation and amortization
expense related to non-oil and gas property fixed assets will
total between $260 million and $270 million in 2008.
Depreciation, Depletion and Amortization (“DD&A”) Our 2008 oil and gas property DD&A rate will depend on various factors. Most notable among such factors are the amount of proved reserves that will be added from drilling or acquisition efforts in 2008 compared to the costs incurred for such efforts, and the revisions to our year-end 2007 reserve estimates that, based on prior experience, are likely to be made during 2008. Given these uncertainties, we estimate that our oil and gas property-related DD&A rate will be between $12.75 per Boe and $13.25 per Boe. Based on these DD&A rates and the production estimates set forth earlier, oil and gas property related DD&A expense for 2008 is expected to be between $3.09 billion and $3.20 billion. Additionally, we expect that our depreciation and amortization expense related to non-oil and gas property fixed assets will total between $260 million and $270 million in 2008. These excerpts taken from the DVN 10-K filed Feb 28, 2008. Depreciation,
Depletion and Amortization (“DD&A”)
Our 2008 oil and gas property DD&A rate will depend on
various factors. Most notable among such factors are the amount
of proved reserves that will be added from drilling or
acquisition efforts in 2008 compared to the costs incurred for
such efforts, and the revisions to our year-end 2007 reserve
estimates that, based on prior experience, are likely to be made
during 2008.
Given these uncertainties, we estimate that our oil and gas
property-related DD&A rate will be between $12.75 per Boe
and $13.25 per Boe. Based on these DD&A rates and the
production estimates set forth earlier, oil and gas property
related DD&A expense for 2008 is expected to be between
$3.09 billion and $3.20 billion.
Additionally, we expect that our depreciation and amortization
expense related to non-oil and gas property fixed assets will
total between $260 million and $270 million in 2008.
Depreciation, Depletion and Amortization (“DD&A”) Our 2008 oil and gas property DD&A rate will depend on various factors. Most notable among such factors are the amount of proved reserves that will be added from drilling or acquisition efforts in 2008 compared to the costs incurred for such efforts, and the revisions to our year-end 2007 reserve estimates that, based on prior experience, are likely to be made during 2008. Given these uncertainties, we estimate that our oil and gas property-related DD&A rate will be between $12.75 per Boe and $13.25 per Boe. Based on these DD&A rates and the production estimates set forth earlier, oil and gas property related DD&A expense for 2008 is expected to be between $3.09 billion and $3.20 billion. Additionally, we expect that our depreciation and amortization expense related to non-oil and gas property fixed assets will total between $260 million and $270 million in 2008. This excerpt taken from the DVN 10-K filed Feb 28, 2007. Depreciation,
Depletion and Amortization (“DD&A”)
The 2007 oil and gas property DD&A rate will depend on
various factors. Most notable among such factors are the amount
of proved reserves that will be added from drilling or
acquisition efforts in 2007 compared to the costs incurred for
such efforts, and the revisions to our year-end 2006 reserve
estimates that, based on prior experience, are likely to be made
during 2007.
Given these uncertainties, we expect our oil and gas property
related DD&A rate will be between $11.00 per Boe and
$11.50 per Boe. Based on these DD&A rates and the
production estimates set forth earlier, oil and gas property
related DD&A expense for 2007 is expected to be between
$2.42 billion and $2.53 billion.
Additionally, we expect our depreciation and amortization
expense related to non-oil and gas property fixed assets to
total between $210 million and $220 million.
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