|
|
 | | | |
- close
- close
- close
- close
DVN » Topics » Discoveries or Acquisitions of Additional Reserves are Needed to Avoid a Material Decline in Reserves and ProductionThese excerpts taken from the DVN 10-K filed Feb 27, 2009. Discoveries
or Acquisitions of Additional Reserves are Needed to Avoid a
Material Decline in Reserves and Production
The production rates from oil and gas properties generally
decline as reserves are depleted, while related per unit
production costs generally increase, due to decreasing reservoir
pressures and other factors. Therefore, our estimated proved
reserves and future oil, gas and NGL production will decline
materially as reserves are produced unless we conduct successful
exploration and development activities or, through engineering
studies, identify additional producing zones in existing wells,
secondary recovery reserves or tertiary recovery reserves, or
acquire additional properties containing proved reserves.
Consequently, our future oil, gas and NGL
Table of Contents
production and related per unit production costs are highly
dependent upon our level of success in finding or acquiring
additional reserves.
Discoveries
or Acquisitions of Additional Reserves are Needed to Avoid a
Material Decline in Reserves and Production
The production rates from oil and gas properties generally
decline as reserves are depleted, while related per unit
production costs generally increase, due to decreasing reservoir
pressures and other factors. Therefore, our estimated proved
reserves and future oil, gas and NGL production will decline
materially as reserves are produced unless we conduct successful
exploration and development activities or, through engineering
studies, identify additional producing zones in existing wells,
secondary recovery reserves or tertiary recovery reserves, or
acquire additional properties containing proved reserves.
Consequently, our future oil, gas and NGL
Table of Contents
production and related per unit production costs are highly
dependent upon our level of success in finding or acquiring
additional reserves.
Discoveries or Acquisitions of Additional Reserves are Needed to Avoid a Material Decline in Reserves and Production The production rates from oil and gas properties generally decline as reserves are depleted, while related per unit production costs generally increase, due to decreasing reservoir pressures and other factors. Therefore, our estimated proved reserves and future oil, gas and NGL production will decline materially as reserves are produced unless we conduct successful exploration and development activities or, through engineering studies, identify additional producing zones in existing wells, secondary recovery reserves or tertiary recovery reserves, or acquire additional properties containing proved reserves. Consequently, our future oil, gas and NGL
Table of Contentsproduction and related per unit production costs are highly dependent upon our level of success in finding or acquiring additional reserves. Discoveries or Acquisitions of Additional Reserves are Needed to Avoid a Material Decline in Reserves and Production The production rates from oil and gas properties generally decline as reserves are depleted, while related per unit production costs generally increase, due to decreasing reservoir pressures and other factors. Therefore, our estimated proved reserves and future oil, gas and NGL production will decline materially as reserves are produced unless we conduct successful exploration and development activities or, through engineering studies, identify additional producing zones in existing wells, secondary recovery reserves or tertiary recovery reserves, or acquire additional properties containing proved reserves. Consequently, our future oil, gas and NGL
Table of Contentsproduction and related per unit production costs are highly dependent upon our level of success in finding or acquiring additional reserves. These excerpts taken from the DVN 10-K filed Jun 9, 2008. Discoveries
or Acquisitions of Additional Reserves are Needed to Avoid a
Material Decline in Reserves and Production
The production rate from oil and gas properties generally
declines as reserves are depleted, while related per unit
production costs generally increase, due to decreasing reservoir
pressures and other factors. Therefore, our estimated proved
reserves and future oil, gas and NGL production will decline
materially as reserves are produced unless we conduct successful
exploration and development activities or, through engineering
studies, identify additional producing zones in existing wells,
secondary recovery reserves or tertiary recovery reserves, or
acquire additional properties containing proved reserves.
Consequently, our future oil, gas and NGL
Table of Contents
production and related per unit production costs are highly
dependent upon our level of success in finding or acquiring
additional reserves.
Discoveries or Acquisitions of Additional Reserves are Needed to Avoid a Material Decline in Reserves and Production The production rate from oil and gas properties generally declines as reserves are depleted, while related per unit production costs generally increase, due to decreasing reservoir pressures and other factors. Therefore, our estimated proved reserves and future oil, gas and NGL production will decline materially as reserves are produced unless we conduct successful exploration and development activities or, through engineering studies, identify additional producing zones in existing wells, secondary recovery reserves or tertiary recovery reserves, or acquire additional properties containing proved reserves. Consequently, our future oil, gas and NGL
Table of Contentsproduction and related per unit production costs are highly dependent upon our level of success in finding or acquiring additional reserves. These excerpts taken from the DVN 10-K filed Feb 28, 2008. Discoveries
or Acquisitions of Additional Reserves are Needed to Avoid a
Material Decline in Reserves and Production
The production rate from oil and gas properties generally
declines as reserves are depleted, while related per unit
production costs generally increase, due to decreasing reservoir
pressures and other factors. Therefore, our estimated proved
reserves and future oil, gas and NGL production will decline
materially as reserves are produced unless we conduct successful
exploration and development activities or, through engineering
studies, identify additional producing zones in existing wells,
secondary recovery reserves or tertiary recovery reserves, or
acquire additional properties containing proved reserves.
Consequently, our future oil, gas and NGL
Table of Contents
production and related per unit production costs are highly
dependent upon our level of success in finding or acquiring
additional reserves.
Discoveries or Acquisitions of Additional Reserves are Needed to Avoid a Material Decline in Reserves and Production The production rate from oil and gas properties generally declines as reserves are depleted, while related per unit production costs generally increase, due to decreasing reservoir pressures and other factors. Therefore, our estimated proved reserves and future oil, gas and NGL production will decline materially as reserves are produced unless we conduct successful exploration and development activities or, through engineering studies, identify additional producing zones in existing wells, secondary recovery reserves or tertiary recovery reserves, or acquire additional properties containing proved reserves. Consequently, our future oil, gas and NGL
Table of Contentsproduction and related per unit production costs are highly dependent upon our level of success in finding or acquiring additional reserves. This excerpt taken from the DVN 10-K filed Feb 28, 2007. Discoveries
or Acquisitions of Additional Reserves are Needed to Avoid a
Material Decline in Reserves and Production
The production rate from oil and gas properties generally
declines as reserves are depleted, while related per unit
production costs generally increase due to decreasing reservoir
pressures and other factors. Therefore, our estimated proved
reserves and future oil, gas and NGL production will decline
materially as reserves are produced unless we conduct successful
exploration and development activities or, through engineering
studies, identify additional producing zones in existing wells,
secondary recovery reserves or tertiary recovery reserves, or
acquire additional properties containing proved reserves.
Consequently, our future oil, gas and NGL production and related
per unit production costs are highly dependent upon our level of
success in finding or acquiring additional reserves.
| EXCERPTS ON THIS PAGE:
|
| |||||||
