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DVN » Topics » Marketing and Midstream Revenues and Operating Costs and Expenses

These excerpts taken from the DVN 10-K filed Feb 27, 2009.
Marketing and Midstream Revenues and Operating Costs and Expenses
 
The details of the changes in marketing and midstream revenues, operating costs and expenses and the resulting operating profit between 2006 and 2008 are shown in the table below.
 
                                         
    Year Ended December 31,  
          2008 vs
 		          2007 vs
 		       
    2008     2007(1)     2007     2006(1)     2006  
          ($ in millions)        
 
Marketing and midstream:
                                       
Revenues
  $ 2,292       +32 %   $ 1,736       +4 %   $ 1,672  
Operating costs and expenses
    1,624       +32 %     1,227       −1 %     1,236  
                                         
Operating profit
  $ 668       +31 %   $ 509       +17 %   $ 436  
                                         
 
 
(1) All percentage changes included in this table are based on actual figures and not the rounded figures included in this table.
 
2008 vs. 2007 Marketing and midstream revenues increased $556 million and operating costs and expenses increased $397 million, causing operating profit to increase $159 million. Both revenues and expenses increased primarily due to higher natural gas and NGL prices and increased gas pipeline throughput.
 
2007 vs. 2006 Marketing and midstream revenues increased $64 million, while operating costs and expenses decreased $9 million, causing operating profit to increase $73 million. Revenues increased primarily due to higher prices realized on NGL sales.


40

Table of Contents

Marketing and Midstream Revenues and Operating Costs and Expenses
 
The details of the changes in marketing and midstream revenues, operating costs and expenses and the resulting operating profit between 2006 and 2008 are shown in the table below.
 
                                         
    Year Ended December 31,  
          2008 vs
 		          2007 vs
 		       
    2008     2007(1)     2007     2006(1)     2006  
          ($ in millions)        
 
Marketing and midstream:
                                       
Revenues
  $ 2,292       +32 %   $ 1,736       +4 %   $ 1,672  
Operating costs and expenses
    1,624       +32 %     1,227       −1 %     1,236  
                                         
Operating profit
  $ 668       +31 %   $ 509       +17 %   $ 436  
                                         
 
 
(1) All percentage changes included in this table are based on actual figures and not the rounded figures included in this table.
 
2008 vs. 2007 Marketing and midstream revenues increased $556 million and operating costs and expenses increased $397 million, causing operating profit to increase $159 million. Both revenues and expenses increased primarily due to higher natural gas and NGL prices and increased gas pipeline throughput.
 
2007 vs. 2006 Marketing and midstream revenues increased $64 million, while operating costs and expenses decreased $9 million, causing operating profit to increase $73 million. Revenues increased primarily due to higher prices realized on NGL sales.


40

Table of Contents

Marketing
and Midstream Revenues and Operating Costs and
Expenses


 





The details of the changes in marketing and midstream revenues,
operating costs and expenses and the resulting operating profit
between 2006 and 2008 are shown in the table below.


 































































































































































































































                                         

 

 

Year Ended December 31,

 

 

 

 

 

 

2008 vs



 

 

 

 

 

2007 vs



 

 

 

 

 

 

2008

 

 

2007(1)

 

 

2007

 

 

2006(1)

 

 

2006

 

 

 

 

 

 

($ in millions)

 

 

 

 
 


Marketing and midstream:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Revenues


 

$

2,292

 

 

 

+32

%

 

$

1,736

 

 

 

+4

%

 

$

1,672

 


Operating costs and expenses


 

 

1,624

 

 

 

+32

%

 

 

1,227

 

 

 

−1

%

 

 

1,236

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Operating profit


 

$

668

 

 

 

+31

%

 

$

509

 

 

 

+17

%

 

$

436

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




 



















(1)
All percentage changes included in this table are based on
actual figures and not the rounded figures included in this
table.


 





2008 vs. 2007 Marketing and midstream revenues increased
$556 million and operating costs and expenses increased
$397 million, causing operating profit to increase
$159 million. Both revenues and expenses increased
primarily due to higher natural gas and NGL prices and increased
gas pipeline throughput.


 





2007 vs. 2006 Marketing and midstream revenues increased
$64 million, while operating costs and expenses decreased
$9 million, causing operating profit to increase
$73 million. Revenues increased primarily due to higher
prices realized on NGL sales.





40




Table of Contents









Marketing
and Midstream Revenues and Operating Costs and
Expenses


 





The details of the changes in marketing and midstream revenues,
operating costs and expenses and the resulting operating profit
between 2006 and 2008 are shown in the table below.


 































































































































































































































                                         

 

 

Year Ended December 31,

 

 

 

 

 

 

2008 vs



 

 

 

 

 

2007 vs



 

 

 

 

 

 

2008

 

 

2007(1)

 

 

2007

 

 

2006(1)

 

 

2006

 

 

 

 

 

 

($ in millions)

 

 

 

 
 


Marketing and midstream:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Revenues


 

$

2,292

 

 

 

+32

%

 

$

1,736

 

 

 

+4

%

 

$

1,672

 


Operating costs and expenses


 

 

1,624

 

 

 

+32

%

 

 

1,227

 

 

 

−1

%

 

 

1,236

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Operating profit


 

$

668

 

 

 

+31

%

 

$

509

 

 

 

+17

%

 

$

436

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




 



















(1)
All percentage changes included in this table are based on
actual figures and not the rounded figures included in this
table.


 





2008 vs. 2007 Marketing and midstream revenues increased
$556 million and operating costs and expenses increased
$397 million, causing operating profit to increase
$159 million. Both revenues and expenses increased
primarily due to higher natural gas and NGL prices and increased
gas pipeline throughput.


 





2007 vs. 2006 Marketing and midstream revenues increased
$64 million, while operating costs and expenses decreased
$9 million, causing operating profit to increase
$73 million. Revenues increased primarily due to higher
prices realized on NGL sales.





40




Table of Contents









These excerpts taken from the DVN 10-K filed Jun 9, 2008.
Marketing and Midstream Revenues and Operating Costs and Expenses
 
The details of the changes in marketing and midstream revenues, operating costs and expenses and the resulting operating profit between 2005 and 2007 are shown in the table below.
 
                                         
    Year Ended December 31,  
          2007 vs
 		          2006 vs
 		       
    2007     2006 (1)     2006     2005 (1)     2005  
 
Marketing and midstream ($ in millions):
                                       
Revenues
  $ 1,736       +4 %   $ 1,672       −7 %   $ 1,792  
Operating costs and expenses
    1,227       −1 %     1,236       −8 %     1,342  
                                         
Operating profit
  $ 509       +17 %   $ 436       −3 %   $ 450  
                                         
 
 
(1) All percentage changes included in this table are based on actual figures and not the rounded figures included in this table.


36

Table of Contents

 
2007 vs. 2006 Marketing and midstream revenues increased $64 million, while operating costs and expenses decreased $9 million, causing operating profit to increase $73 million. Revenues increased primarily due to higher prices realized on NGL sales.
 
2006 vs. 2005 Marketing and midstream revenues decreased $120 million, and operating costs and expenses also decreased $106 million, causing operating profit to decrease $14 million. Both revenues and expenses in 2006 decreased primarily due to lower natural gas prices, partially offset by the effect of higher gas pipeline throughout.
 
Marketing
and Midstream Revenues and Operating Costs and
Expenses


 



The details of the changes in marketing and midstream revenues,
operating costs and expenses and the resulting operating profit
between 2005 and 2007 are shown in the table below.


 



















































































































































































































                                         

 

 

Year Ended December 31,

 

 

 

 

 

 

2007 vs



 

 

 

 

 

2006 vs



 

 

 

 

 

 

2007

 

 

2006 (1)

 

 

2006

 

 

2005 (1)

 

 

2005

 
 


Marketing and midstream ($ in millions):


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Revenues


 

$

1,736

 

 

 

+4

%

 

$

1,672

 

 

 

−7

%

 

$

1,792

 


Operating costs and expenses


 

 

1,227

 

 

 

−1

%

 

 

1,236

 

 

 

−8

%

 

 

1,342

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Operating profit


 

$

509

 

 

 

+17

%

 

$

436

 

 

 

−3

%

 

$

450

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




 



















(1)
All percentage changes included in this table are based on
actual figures and not the rounded figures included in this
table.





36




Table of Contents





 



2007 vs. 2006 Marketing and midstream revenues increased
$64 million, while operating costs and expenses decreased
$9 million, causing operating profit to increase
$73 million. Revenues increased primarily due to higher
prices realized on NGL sales.


 



2006 vs. 2005 Marketing and midstream revenues decreased
$120 million, and operating costs and expenses also
decreased $106 million, causing operating profit to
decrease $14 million. Both revenues and expenses in 2006
decreased primarily due to lower natural gas prices, partially
offset by the effect of higher gas pipeline throughout.


 




These excerpts taken from the DVN 10-K filed Feb 28, 2008.
Marketing and Midstream Revenues and Operating Costs and Expenses
 
The details of the changes in marketing and midstream revenues, operating costs and expenses and the resulting operating profit between 2005 and 2007 are shown in the table below.
 
                                         
    Year Ended December 31,  
          2007 vs
 		          2006 vs
 		       
    2007     2006 (1)     2006     2005 (1)     2005  
 
Marketing and midstream ($ in millions):
                                       
Revenues
  $ 1,736       +4 %   $ 1,672       −7 %   $ 1,792  
Operating costs and expenses
    1,227       −1 %     1,236       −8 %     1,342  
                                         
Operating profit
  $ 509       +17 %   $ 436       −3 %   $ 450  
                                         
 
 
(1) All percentage changes included in this table are based on actual figures and not the rounded figures included in this table.


36

Table of Contents

 
2007 vs. 2006 Marketing and midstream revenues increased $64 million, while operating costs and expenses decreased $9 million, causing operating profit to increase $73 million. Revenues increased primarily due to higher prices realized on NGL sales.
 
2006 vs. 2005 Marketing and midstream revenues decreased $120 million, and operating costs and expenses also decreased $106 million, causing operating profit to decrease $14 million. Both revenues and expenses in 2006 decreased primarily due to lower natural gas prices, partially offset by the effect of higher gas pipeline throughout.
 
Marketing
and Midstream Revenues and Operating Costs and
Expenses


 



The details of the changes in marketing and midstream revenues,
operating costs and expenses and the resulting operating profit
between 2005 and 2007 are shown in the table below.


 



















































































































































































































                                         

 

 

Year Ended December 31,

 

 

 

 

 

 

2007 vs



 

 

 

 

 

2006 vs



 

 

 

 

 

 

2007

 

 

2006 (1)

 

 

2006

 

 

2005 (1)

 

 

2005

 
 


Marketing and midstream ($ in millions):


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Revenues


 

$

1,736

 

 

 

+4

%

 

$

1,672

 

 

 

−7

%

 

$

1,792

 


Operating costs and expenses


 

 

1,227

 

 

 

−1

%

 

 

1,236

 

 

 

−8

%

 

 

1,342

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Operating profit


 

$

509

 

 

 

+17

%

 

$

436

 

 

 

−3

%

 

$

450

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




 



















(1)
All percentage changes included in this table are based on
actual figures and not the rounded figures included in this
table.





36




Table of Contents





 



2007 vs. 2006 Marketing and midstream revenues increased
$64 million, while operating costs and expenses decreased
$9 million, causing operating profit to increase
$73 million. Revenues increased primarily due to higher
prices realized on NGL sales.


 



2006 vs. 2005 Marketing and midstream revenues decreased
$120 million, and operating costs and expenses also
decreased $106 million, causing operating profit to
decrease $14 million. Both revenues and expenses in 2006
decreased primarily due to lower natural gas prices, partially
offset by the effect of higher gas pipeline throughout.


 




EXCERPTS ON THIS PAGE:

10-K (4 sections)
Feb 27, 2009
10-K (2 sections)
Jun 9, 2008
10-K (2 sections)
Feb 28, 2008

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