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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Exploration
and Production Regulation
Our oil and gas operations are subject to various federal,
state, provincial, tribal, local and international laws and
regulations, including, but not limited to, laws and regulations
related to the acquisition of seismic data; the location of
wells; drilling and casing of wells; well production; spill
prevention plans; emissions permitting; the use, transportation,
storage and disposal of fluids and materials incidental to oil
and gas operations; surface usage and the restoration of
properties upon which wells have been drilled; the calculation
and disbursement of royalty payments and production taxes; the
plugging and abandoning of wells; the transportation of
production; and, in international operations, minimum
investments in the country of operations.
Our operations are also subject to conservation regulations,
including the regulation of the size of drilling and spacing
units or proration units; the number of wells that may be
drilled in a unit; the rate of production allowable from oil and
gas wells; and the unitization or pooling of oil and gas
properties. In the United States, some states allow the forced
pooling or integration of tracts to facilitate exploration,
while other states rely on voluntary pooling of lands and
leases, which may make it more difficult to develop oil and gas
properties. In addition, state conservation laws generally limit
the venting or flaring of natural gas and impose certain
requirements regarding the ratable purchase of production. The
effect of these regulations is to limit the amounts of oil and
gas we can produce from our wells and to limit the number of
wells or the locations at which we can drill.
Certain of our U.S. oil and gas leases are granted by the
federal government and administered by various federal agencies,
including the Bureau of Land Management and the Minerals
Management Service (“MMS”) of the Department of the
Interior. Such leases require compliance with detailed federal
regulations and orders that regulate, among other matters,
drilling and operations on lands covered by these leases, and
calculation and disbursement of royalty payments to the federal
government. The MMS has been particularly active in recent years
in evaluating and, in some cases, promulgating new rules and
regulations regarding competitive lease bidding and royalty
payment obligations for production from federal lands. The
Federal Energy Regulatory Commission also has jurisdiction over
certain U.S. offshore activities pursuant to the Outer
Continental Shelf Lands Act.
Exploration
and Production Regulation
Our oil and gas operations are subject to various federal,
state, provincial, tribal, local and international laws and
regulations, including, but not limited to, laws and regulations
related to the acquisition of seismic data; the location of
wells; drilling and casing of wells; well production; spill
prevention plans; emissions permitting; the use, transportation,
storage and disposal of fluids and materials incidental to oil
and gas operations; surface usage and the restoration of
properties upon which wells have been drilled; the calculation
and disbursement of royalty payments and production taxes; the
plugging and abandoning of wells; the transportation of
production; and, in international operations, minimum
investments in the country of operations.
Our operations are also subject to conservation regulations,
including the regulation of the size of drilling and spacing
units or proration units; the number of wells that may be
drilled in a unit; the rate of production allowable from oil and
gas wells; and the unitization or pooling of oil and gas
properties. In the United States, some states allow the forced
pooling or integration of tracts to facilitate exploration,
while other states rely on voluntary pooling of lands and
leases, which may make it more difficult to develop oil and gas
properties. In addition, state conservation laws generally limit
the venting or flaring of natural gas and impose certain
requirements regarding the ratable purchase of production. The
effect of these regulations is to limit the amounts of oil and
gas we can produce from our wells and to limit the number of
wells or the locations at which we can drill.
Certain of our U.S. oil and gas leases are granted by the
federal government and administered by various federal agencies,
including the Bureau of Land Management and the Minerals
Management Service (“MMS”) of the Department of the
Interior. Such leases require compliance with detailed federal
regulations and orders that regulate, among other matters,
drilling and operations on lands covered by these leases, and
calculation and disbursement of royalty payments to the federal
government. The MMS has been particularly active in recent years
in evaluating and, in some cases, promulgating new rules and
regulations regarding competitive lease bidding and royalty
payment obligations for production from federal lands. The
Federal Energy Regulatory Commission also has jurisdiction over
certain U.S. offshore activities pursuant to the Outer
Continental Shelf Lands Act.
Exploration and Production Regulation Our oil and gas operations are subject to various federal, state, provincial, tribal, local and international laws and regulations, including, but not limited to, laws and regulations related to the acquisition of seismic data; the location of wells; drilling and casing of wells; well production; spill prevention plans; emissions permitting; the use, transportation, storage and disposal of fluids and materials incidental to oil and gas operations; surface usage and the restoration of properties upon which wells have been drilled; the calculation and disbursement of royalty payments and production taxes; the plugging and abandoning of wells; the transportation of production; and, in international operations, minimum investments in the country of operations. Our operations are also subject to conservation regulations, including the regulation of the size of drilling and spacing units or proration units; the number of wells that may be drilled in a unit; the rate of production allowable from oil and gas wells; and the unitization or pooling of oil and gas properties. In the United States, some states allow the forced pooling or integration of tracts to facilitate exploration, while other states rely on voluntary pooling of lands and leases, which may make it more difficult to develop oil and gas properties. In addition, state conservation laws generally limit the venting or flaring of natural gas and impose certain requirements regarding the ratable purchase of production. The effect of these regulations is to limit the amounts of oil and gas we can produce from our wells and to limit the number of wells or the locations at which we can drill. Certain of our U.S. oil and gas leases are granted by the federal government and administered by various federal agencies, including the Bureau of Land Management and the Minerals Management Service (“MMS”) of the Department of the Interior. Such leases require compliance with detailed federal regulations and orders that regulate, among other matters, drilling and operations on lands covered by these leases, and calculation and disbursement of royalty payments to the federal government. The MMS has been particularly active in recent years in evaluating and, in some cases, promulgating new rules and regulations regarding competitive lease bidding and royalty payment obligations for production from federal lands. The Federal Energy Regulatory Commission also has jurisdiction over certain U.S. offshore activities pursuant to the Outer Continental Shelf Lands Act. Exploration and Production Regulation Our oil and gas operations are subject to various federal, state, provincial, tribal, local and international laws and regulations, including, but not limited to, laws and regulations related to the acquisition of seismic data; the location of wells; drilling and casing of wells; well production; spill prevention plans; emissions permitting; the use, transportation, storage and disposal of fluids and materials incidental to oil and gas operations; surface usage and the restoration of properties upon which wells have been drilled; the calculation and disbursement of royalty payments and production taxes; the plugging and abandoning of wells; the transportation of production; and, in international operations, minimum investments in the country of operations. Our operations are also subject to conservation regulations, including the regulation of the size of drilling and spacing units or proration units; the number of wells that may be drilled in a unit; the rate of production allowable from oil and gas wells; and the unitization or pooling of oil and gas properties. In the United States, some states allow the forced pooling or integration of tracts to facilitate exploration, while other states rely on voluntary pooling of lands and leases, which may make it more difficult to develop oil and gas properties. In addition, state conservation laws generally limit the venting or flaring of natural gas and impose certain requirements regarding the ratable purchase of production. The effect of these regulations is to limit the amounts of oil and gas we can produce from our wells and to limit the number of wells or the locations at which we can drill. Certain of our U.S. oil and gas leases are granted by the federal government and administered by various federal agencies, including the Bureau of Land Management and the Minerals Management Service (“MMS”) of the Department of the Interior. Such leases require compliance with detailed federal regulations and orders that regulate, among other matters, drilling and operations on lands covered by these leases, and calculation and disbursement of royalty payments to the federal government. The MMS has been particularly active in recent years in evaluating and, in some cases, promulgating new rules and regulations regarding competitive lease bidding and royalty payment obligations for production from federal lands. The Federal Energy Regulatory Commission also has jurisdiction over certain U.S. offshore activities pursuant to the Outer Continental Shelf Lands Act. These excerpts taken from the DVN 10-K filed Jun 9, 2008. Exploration
and Production Regulation
Our oil and gas operations are subject to various federal,
state, provincial, local and international laws and regulations,
including regulations related to the acquisition of seismic
data; the location of wells; drilling and casing of wells; well
production; spill prevention plans; the use, transportation,
storage and disposal of fluids and materials incidental to oil
and gas operations; surface usage and the restoration of
properties upon which wells have been drilled; the calculation
and disbursement of royalty payments and production taxes; the
plugging and abandoning of wells; the transportation of
production; and, in international operations, minimum
investments in the country of operations.
Our operations are also subject to conservation regulations,
including the regulation of the size of drilling and spacing
units or proration units; the number of wells that may be
drilled in a unit; the rate of production allowable from oil and
natural gas wells; and the unitization or pooling of oil and
natural gas properties. In the United States, some states allow
the forced pooling or integration of tracts to facilitate
exploration, while other states rely on voluntary pooling of
lands and leases which may make it more difficult to develop oil
and gas properties. In addition, state conservation laws
generally limit the venting or flaring of natural gas and impose
certain requirements regarding the ratable purchase of
production. The effect of these regulations is to limit the
amounts of oil and natural gas we can produce from our wells and
to limit the number of wells or the locations at which we can
drill.
Certain of our U.S. oil and natural gas leases are granted
by the federal government and administered by various federal
agencies, including the Bureau of Land Management and the
Minerals Management Service (“MMS”) of the Department
of the Interior. Such leases require compliance with detailed
federal regulations and orders that regulate, among other
matters, drilling and operations on lands covered by these
leases, and calculation and disbursement of royalty payments to
the federal government. The MMS has been particularly active in
recent years in evaluating and, in some cases, promulgating new
rules and regulations regarding competitive lease bidding and
royalty payment obligations for production from federal lands.
The Federal Energy Regulatory Commission also has jurisdiction
over certain U.S. offshore activities pursuant to the Outer
Continental Shelf Lands Act.
Exploration and Production Regulation Our oil and gas operations are subject to various federal, state, provincial, local and international laws and regulations, including regulations related to the acquisition of seismic data; the location of wells; drilling and casing of wells; well production; spill prevention plans; the use, transportation, storage and disposal of fluids and materials incidental to oil and gas operations; surface usage and the restoration of properties upon which wells have been drilled; the calculation and disbursement of royalty payments and production taxes; the plugging and abandoning of wells; the transportation of production; and, in international operations, minimum investments in the country of operations. Our operations are also subject to conservation regulations, including the regulation of the size of drilling and spacing units or proration units; the number of wells that may be drilled in a unit; the rate of production allowable from oil and natural gas wells; and the unitization or pooling of oil and natural gas properties. In the United States, some states allow the forced pooling or integration of tracts to facilitate exploration, while other states rely on voluntary pooling of lands and leases which may make it more difficult to develop oil and gas properties. In addition, state conservation laws generally limit the venting or flaring of natural gas and impose certain requirements regarding the ratable purchase of production. The effect of these regulations is to limit the amounts of oil and natural gas we can produce from our wells and to limit the number of wells or the locations at which we can drill. Certain of our U.S. oil and natural gas leases are granted by the federal government and administered by various federal agencies, including the Bureau of Land Management and the Minerals Management Service (“MMS”) of the Department of the Interior. Such leases require compliance with detailed federal regulations and orders that regulate, among other matters, drilling and operations on lands covered by these leases, and calculation and disbursement of royalty payments to the federal government. The MMS has been particularly active in recent years in evaluating and, in some cases, promulgating new rules and regulations regarding competitive lease bidding and royalty payment obligations for production from federal lands. The Federal Energy Regulatory Commission also has jurisdiction over certain U.S. offshore activities pursuant to the Outer Continental Shelf Lands Act. These excerpts taken from the DVN 10-K filed Feb 28, 2008. Exploration
and Production Regulation
Our oil and gas operations are subject to various federal,
state, provincial, local and international laws and regulations,
including regulations related to the acquisition of seismic
data; the location of wells; drilling and casing of wells; well
production; spill prevention plans; the use, transportation,
storage and disposal of fluids and materials incidental to oil
and gas operations; surface usage and the restoration of
properties upon which wells have been drilled; the calculation
and disbursement of royalty payments and production taxes; the
plugging and abandoning of wells; the transportation of
production; and, in international operations, minimum
investments in the country of operations.
Our operations are also subject to conservation regulations,
including the regulation of the size of drilling and spacing
units or proration units; the number of wells that may be
drilled in a unit; the rate of production allowable from oil and
natural gas wells; and the unitization or pooling of oil and
natural gas properties. In the United States, some states allow
the forced pooling or integration of tracts to facilitate
exploration, while other states rely on voluntary pooling of
lands and leases which may make it more difficult to develop oil
and gas properties. In addition, state conservation laws
generally limit the venting or flaring of natural gas and impose
certain requirements regarding the ratable purchase of
production. The effect of these regulations is to limit the
amounts of oil and natural gas we can produce from our wells and
to limit the number of wells or the locations at which we can
drill.
Certain of our U.S. oil and natural gas leases are granted
by the federal government and administered by various federal
agencies, including the Bureau of Land Management and the
Minerals Management Service (“MMS”) of the Department
of the Interior. Such leases require compliance with detailed
federal regulations and orders that regulate, among other
matters, drilling and operations on lands covered by these
leases, and calculation and disbursement of royalty payments to
the federal government. The MMS has been particularly active in
recent years in evaluating and, in some cases, promulgating new
rules and regulations regarding competitive lease bidding and
royalty payment obligations for production from federal lands.
The Federal Energy Regulatory Commission also has jurisdiction
over certain U.S. offshore activities pursuant to the Outer
Continental Shelf Lands Act.
Exploration and Production Regulation Our oil and gas operations are subject to various federal, state, provincial, local and international laws and regulations, including regulations related to the acquisition of seismic data; the location of wells; drilling and casing of wells; well production; spill prevention plans; the use, transportation, storage and disposal of fluids and materials incidental to oil and gas operations; surface usage and the restoration of properties upon which wells have been drilled; the calculation and disbursement of royalty payments and production taxes; the plugging and abandoning of wells; the transportation of production; and, in international operations, minimum investments in the country of operations. Our operations are also subject to conservation regulations, including the regulation of the size of drilling and spacing units or proration units; the number of wells that may be drilled in a unit; the rate of production allowable from oil and natural gas wells; and the unitization or pooling of oil and natural gas properties. In the United States, some states allow the forced pooling or integration of tracts to facilitate exploration, while other states rely on voluntary pooling of lands and leases which may make it more difficult to develop oil and gas properties. In addition, state conservation laws generally limit the venting or flaring of natural gas and impose certain requirements regarding the ratable purchase of production. The effect of these regulations is to limit the amounts of oil and natural gas we can produce from our wells and to limit the number of wells or the locations at which we can drill. Certain of our U.S. oil and natural gas leases are granted by the federal government and administered by various federal agencies, including the Bureau of Land Management and the Minerals Management Service (“MMS”) of the Department of the Interior. Such leases require compliance with detailed federal regulations and orders that regulate, among other matters, drilling and operations on lands covered by these leases, and calculation and disbursement of royalty payments to the federal government. The MMS has been particularly active in recent years in evaluating and, in some cases, promulgating new rules and regulations regarding competitive lease bidding and royalty payment obligations for production from federal lands. The Federal Energy Regulatory Commission also has jurisdiction over certain U.S. offshore activities pursuant to the Outer Continental Shelf Lands Act. This excerpt taken from the DVN 10-K filed Feb 28, 2007. Exploration
and Production Regulation
Our oil and gas operations are subject to various federal,
state, provincial, local and international laws and regulations,
including regulations related to the acquisition of seismic
data; the location of wells; drilling and casing of wells; well
production; spill prevention plans; the use, transportation,
storage and disposal of fluids and materials incidental to oil
and gas operations; surface usage and the restoration of
properties upon which wells have been drilled; the calculation
and disbursement of royalty payments and production taxes; the
plugging and abandoning of wells; the transportation of
production; and, in international operations, minimum
investments in the country of operations.
Our operations are also subject to conservation regulations,
including the regulation of the size of drilling and spacing
units or proration units; the number of wells which may be
drilled in a unit; the rate of production allowable from oil and
natural gas wells; and the unitization or pooling of oil and
natural gas properties. In the United States, some states allow
the forced pooling or integration of tracts to facilitate
exploration while other states rely on voluntary pooling of
lands and leases, which may make it more difficult to develop
oil and gas properties. In addition, state conservation laws
generally limit the venting or flaring of natural gas and impose
certain requirements regarding the ratable purchase of
production. The effect of these regulations is to limit the
amounts of oil and natural gas we can produce from our wells and
to limit the number of wells or the locations at which we can
drill.
Certain of our U.S. oil and natural gas leases are granted
by the federal government and administered by various federal
agencies, including the Bureau of Land Management and the
Minerals Management Service (“MMS”) of the Department
of the Interior. Such leases require compliance with detailed
federal regulations and orders that regulate, among other
matters, drilling and operations on lands covered by these
leases, and calculation and disbursement of royalty payments to
the federal government. The MMS has been particularly active in
recent years in evaluating and, in some cases, promulgating new
rules and regulations regarding competitive lease bidding and
royalty payment obligations for production from federal lands.
The Federal Energy Regulatory Commission also has jurisdiction
over certain U.S. offshore activities pursuant to the Outer
Continental Shelf Lands Act.
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