DVN » Topics » Government Laws and Regulations Can Change

These excerpts taken from the DVN 10-K filed Feb 27, 2009.
Government Laws and Regulations Can Change
 
Our operations are subject to federal laws and regulations in the United States, Canada and the other countries in which we operate. In addition, we are also subject to the laws and regulations of various states, provinces, tribal and local governments. Pursuant to such legislation, numerous government departments and agencies have issued extensive rules and regulations binding on the oil and gas industry and its individual members, some of which carry substantial penalties for failure to comply. Changes in such legislation have affected, and at times in the future could affect, our operations. Political developments can restrict production levels, enact price controls, change environmental protection requirements, and increase taxes, royalties and other amounts payable to governments or governmental agencies. Although we are unable to predict changes to existing laws and regulations, such changes could significantly impact our profitability. While such


14


Table of Contents

legislation can change at any time in the future, those laws and regulations outside North America to which we are subject generally include greater risk of unforeseen change.
 
Government Laws and Regulations Can Change
 
Our operations are subject to federal laws and regulations in the United States, Canada and the other countries in which we operate. In addition, we are also subject to the laws and regulations of various states, provinces, tribal and local governments. Pursuant to such legislation, numerous government departments and agencies have issued extensive rules and regulations binding on the oil and gas industry and its individual members, some of which carry substantial penalties for failure to comply. Changes in such legislation have affected, and at times in the future could affect, our operations. Political developments can restrict production levels, enact price controls, change environmental protection requirements, and increase taxes, royalties and other amounts payable to governments or governmental agencies. Although we are unable to predict changes to existing laws and regulations, such changes could significantly impact our profitability. While such


14


Table of Contents

legislation can change at any time in the future, those laws and regulations outside North America to which we are subject generally include greater risk of unforeseen change.
 
Government
Laws and Regulations Can Change



 





Our operations are subject to federal laws and regulations in
the United States, Canada and the other countries in which we
operate. In addition, we are also subject to the laws and
regulations of various states, provinces, tribal and local
governments. Pursuant to such legislation, numerous government
departments and agencies have issued extensive rules and
regulations binding on the oil and gas industry and its
individual members, some of which carry substantial penalties
for failure to comply. Changes in such legislation have
affected, and at times in the future could affect, our
operations. Political developments can restrict production
levels, enact price controls, change environmental protection
requirements, and increase taxes, royalties and other amounts
payable to governments or governmental agencies. Although we are
unable to predict changes to existing laws and regulations, such
changes could significantly impact our profitability. While such





14





Table of Contents






legislation can change at any time in the future, those laws and
regulations outside North America to which we are subject
generally include greater risk of unforeseen change.


 






Government
Laws and Regulations Can Change



 





Our operations are subject to federal laws and regulations in
the United States, Canada and the other countries in which we
operate. In addition, we are also subject to the laws and
regulations of various states, provinces, tribal and local
governments. Pursuant to such legislation, numerous government
departments and agencies have issued extensive rules and
regulations binding on the oil and gas industry and its
individual members, some of which carry substantial penalties
for failure to comply. Changes in such legislation have
affected, and at times in the future could affect, our
operations. Political developments can restrict production
levels, enact price controls, change environmental protection
requirements, and increase taxes, royalties and other amounts
payable to governments or governmental agencies. Although we are
unable to predict changes to existing laws and regulations, such
changes could significantly impact our profitability. While such





14





Table of Contents






legislation can change at any time in the future, those laws and
regulations outside North America to which we are subject
generally include greater risk of unforeseen change.


 






These excerpts taken from the DVN 10-K filed Jun 9, 2008.
Government Laws and Regulations Can Change
 
Our operations are subject to federal laws and regulations in the United States, Canada and the other countries in which we operate. In addition, we are also subject to the laws and regulations of various states, provinces and local governments. Pursuant to such legislation, numerous government departments and agencies have issued extensive rules and regulations binding on the oil and gas industry and its individual members, some of which carry substantial penalties for failure to comply. Changes in such legislation have affected, and at times in the future could affect, our operations. Political developments can restrict production levels, enact price controls, change environmental protection requirements, and increase taxes, royalties and other amounts payable to governments or governmental agencies. Although we are unable to predict changes to existing laws and regulations, such changes could significantly impact our profitability. While such legislation can change at


14


Table of Contents

any time in the future, those laws and regulations outside North America to which we are subject generally include greater risk of unforeseen change.
 
Government
Laws and Regulations Can Change



 



Our operations are subject to federal laws and regulations in
the United States, Canada and the other countries in which we
operate. In addition, we are also subject to the laws and
regulations of various states, provinces and local governments.
Pursuant to such legislation, numerous government departments
and agencies have issued extensive rules and regulations binding
on the oil and gas industry and its individual members, some of
which carry substantial penalties for failure to comply. Changes
in such legislation have affected, and at times in the future
could affect, our operations. Political developments can
restrict production levels, enact price controls, change
environmental protection requirements, and increase taxes,
royalties and other amounts payable to governments or
governmental agencies. Although we are unable to predict changes
to existing laws and regulations, such changes could
significantly impact our profitability. While such legislation
can change at





14





Table of Contents






any time in the future, those laws and regulations outside North
America to which we are subject generally include greater risk
of unforeseen change.


 




These excerpts taken from the DVN 10-K filed Feb 28, 2008.
Government Laws and Regulations Can Change
 
Our operations are subject to federal laws and regulations in the United States, Canada and the other countries in which we operate. In addition, we are also subject to the laws and regulations of various states, provinces and local governments. Pursuant to such legislation, numerous government departments and agencies have issued extensive rules and regulations binding on the oil and gas industry and its individual members, some of which carry substantial penalties for failure to comply. Changes in such legislation have affected, and at times in the future could affect, our operations. Political developments can restrict production levels, enact price controls, change environmental protection requirements, and increase taxes, royalties and other amounts payable to governments or governmental agencies. Although we are unable to predict changes to existing laws and regulations, such changes could significantly impact our profitability. While such legislation can change at


14


Table of Contents

any time in the future, those laws and regulations outside North America to which we are subject generally include greater risk of unforeseen change.
 
Government
Laws and Regulations Can Change



 



Our operations are subject to federal laws and regulations in
the United States, Canada and the other countries in which we
operate. In addition, we are also subject to the laws and
regulations of various states, provinces and local governments.
Pursuant to such legislation, numerous government departments
and agencies have issued extensive rules and regulations binding
on the oil and gas industry and its individual members, some of
which carry substantial penalties for failure to comply. Changes
in such legislation have affected, and at times in the future
could affect, our operations. Political developments can
restrict production levels, enact price controls, change
environmental protection requirements, and increase taxes,
royalties and other amounts payable to governments or
governmental agencies. Although we are unable to predict changes
to existing laws and regulations, such changes could
significantly impact our profitability. While such legislation
can change at





14





Table of Contents






any time in the future, those laws and regulations outside North
America to which we are subject generally include greater risk
of unforeseen change.


 




This excerpt taken from the DVN 10-K filed Feb 28, 2007.
Government Laws and Regulations Can Change
 
Our operations are subject to federal laws and regulations in the United States, Canada and the other international countries in which we operate. In addition, we are also subject to the laws and regulations of various states, provinces and local governments. Pursuant to such legislation, numerous government departments and agencies have issued extensive rules and regulations binding on the oil and gas industry and its individual members, some of which carry substantial penalties for failure to comply. Changes in such legislation have affected, and at times in the future could affect, our future operations. Political developments can restrict production levels, enact price controls, change environmental protection requirements, and increase taxes, royalties and other amounts payable to governments or governmental agencies. Although we are unable to predict changes to existing laws and regulations, such changes could significantly impact our profitability. While such legislation can change at any time in the future, those laws and regulations outside North America to which we are subject generally include greater risk of unforeseen change.
 
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