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This excerpt taken from the DVN 10-K filed Feb 28, 2007. Egypt
On November 14, 2006, Devon announced its plans to divest
its operations in Egypt. Pursuant to accounting rules for
discontinued operations, Devon has classified all 2006 and prior
period amounts related to its operations in Egypt as
discontinued operations. Devon anticipates completing the sale
of its Egyptian assets during the first half of 2007. As of
December 31, 2006, Devon has not recorded any gain or loss
associated with this planned sale.
Revenues related to Devon’s operations in Egypt totaled
$118 million, $119 million and $133 million
during 2006, 2005 and 2004, respectively. The following table
presents the main classes of assets and liabilities associated
with Devon’s operations in Egypt as of December 31,
2006 and 2005.
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