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DVN » Topics » Nature of Business and Principles of Consolidation

These excerpts taken from the DVN 10-K filed Feb 27, 2009.
Nature of Business and Principles of Consolidation
 
Devon is engaged primarily in oil and gas exploration, development and production, and the acquisition of properties. Such activities in the United States are concentrated in the following geographic areas:
 
  •  the Mid-Continent area of the central and southern United States, principally in north and east Texas and Oklahoma;
 
  •  the Permian Basin within Texas and New Mexico;
 
  •  the Rocky Mountains area of the United States stretching from the Canadian border into northern New Mexico;
 
  •  the offshore areas of the Gulf of Mexico; and
 
  •  the onshore areas of the Gulf Coast, principally in south Texas and south Louisiana.
 
Devon’s Canadian operations are located primarily in the provinces of Alberta, British Columbia and Saskatchewan. Devon’s international operations — outside of North America — are located primarily in Azerbaijan, Brazil and China. In 2007, Devon sold its assets and terminated its operations in Egypt. During 2008, Devon sold its assets and terminated its operations in West Africa. These divestiture activities are described more fully in Note 16.
 
Devon also has marketing and midstream operations that perform various activities to support the oil and gas operations of Devon as well as unrelated third parties. Such activities include marketing gas, crude oil and NGLs, as well as constructing and operating pipelines, storage and treating facilities and natural gas processing plants.
 
The accounts of Devon’s controlled subsidiaries are included in the accompanying consolidated financial statements. All significant intercompany accounts and transactions have been eliminated in consolidation.
 
Nature of Business and Principles of Consolidation
 
Devon is engaged primarily in oil and gas exploration, development and production, and the acquisition of properties. Such activities in the United States are concentrated in the following geographic areas:
 
  •  the Mid-Continent area of the central and southern United States, principally in north and east Texas and Oklahoma;
 
  •  the Permian Basin within Texas and New Mexico;
 
  •  the Rocky Mountains area of the United States stretching from the Canadian border into northern New Mexico;
 
  •  the offshore areas of the Gulf of Mexico; and
 
  •  the onshore areas of the Gulf Coast, principally in south Texas and south Louisiana.
 
Devon’s Canadian operations are located primarily in the provinces of Alberta, British Columbia and Saskatchewan. Devon’s international operations — outside of North America — are located primarily in Azerbaijan, Brazil and China. In 2007, Devon sold its assets and terminated its operations in Egypt. During 2008, Devon sold its assets and terminated its operations in West Africa. These divestiture activities are described more fully in Note 16.
 
Devon also has marketing and midstream operations that perform various activities to support the oil and gas operations of Devon as well as unrelated third parties. Such activities include marketing gas, crude oil and NGLs, as well as constructing and operating pipelines, storage and treating facilities and natural gas processing plants.
 
The accounts of Devon’s controlled subsidiaries are included in the accompanying consolidated financial statements. All significant intercompany accounts and transactions have been eliminated in consolidation.
 
Nature
of Business and Principles of Consolidation


 





Devon is engaged primarily in oil and gas exploration,
development and production, and the acquisition of properties.
Such activities in the United States are concentrated in the
following geographic areas:


 


































































  • 
the Mid-Continent area of the central and southern United
States, principally in north and east Texas and Oklahoma;
 
  • 
the Permian Basin within Texas and New Mexico;
 
  • 
the Rocky Mountains area of the United States stretching from
the Canadian border into northern New Mexico;
 
  • 
the offshore areas of the Gulf of Mexico; and
 
  • 
the onshore areas of the Gulf Coast, principally in south Texas
and south Louisiana.


 





Devon’s Canadian operations are located primarily in the
provinces of Alberta, British Columbia and Saskatchewan.
Devon’s international operations — outside of
North America — are located primarily in Azerbaijan,
Brazil and China. In 2007, Devon sold its assets and terminated
its operations in Egypt. During 2008, Devon sold its assets and
terminated its operations in West Africa. These divestiture
activities are described more fully in Note 16.


 





Devon also has marketing and midstream operations that perform
various activities to support the oil and gas operations of
Devon as well as unrelated third parties. Such activities
include marketing gas, crude oil and NGLs, as well as
constructing and operating pipelines, storage and treating
facilities and natural gas processing plants.


 





The accounts of Devon’s controlled subsidiaries are
included in the accompanying consolidated financial statements.
All significant intercompany accounts and transactions have been
eliminated in consolidation.


 






Nature
of Business and Principles of Consolidation


 





Devon is engaged primarily in oil and gas exploration,
development and production, and the acquisition of properties.
Such activities in the United States are concentrated in the
following geographic areas:


 


































































  • 
the Mid-Continent area of the central and southern United
States, principally in north and east Texas and Oklahoma;
 
  • 
the Permian Basin within Texas and New Mexico;
 
  • 
the Rocky Mountains area of the United States stretching from
the Canadian border into northern New Mexico;
 
  • 
the offshore areas of the Gulf of Mexico; and
 
  • 
the onshore areas of the Gulf Coast, principally in south Texas
and south Louisiana.


 





Devon’s Canadian operations are located primarily in the
provinces of Alberta, British Columbia and Saskatchewan.
Devon’s international operations — outside of
North America — are located primarily in Azerbaijan,
Brazil and China. In 2007, Devon sold its assets and terminated
its operations in Egypt. During 2008, Devon sold its assets and
terminated its operations in West Africa. These divestiture
activities are described more fully in Note 16.


 





Devon also has marketing and midstream operations that perform
various activities to support the oil and gas operations of
Devon as well as unrelated third parties. Such activities
include marketing gas, crude oil and NGLs, as well as
constructing and operating pipelines, storage and treating
facilities and natural gas processing plants.


 





The accounts of Devon’s controlled subsidiaries are
included in the accompanying consolidated financial statements.
All significant intercompany accounts and transactions have been
eliminated in consolidation.


 






These excerpts taken from the DVN 10-K filed Jun 9, 2008.
Nature of Business and Principles of Consolidation
 
Devon is engaged primarily in oil and gas exploration, development and production, and the acquisition of properties. Such activities in the United States are concentrated in the following geographic areas:
 
  •  the Mid-Continent area of the central and southern United States, principally in north and east Texas and Oklahoma;
 
  •  the Permian Basin within Texas and New Mexico;
 
  •  the Rocky Mountains area of the United States stretching from the Canadian border into northern New Mexico;
 
  •  the offshore areas of the Gulf of Mexico; and
 
  •  the onshore areas of the Gulf Coast, principally in south Texas and south Louisiana.
 
Devon’s Canadian operations are located primarily in the provinces of Alberta, British Columbia and Saskatchewan. Devon’s international operations — outside of North America — are located primarily in Azerbaijan, Brazil and China. In October 2007, Devon sold its assets and terminated its operations in Egypt. In January 2007, Devon announced its plans to divest its assets and terminate its operations in West Africa. These divestiture activities are described more fully in Note 13.
 
Devon also has marketing and midstream operations that perform various activities to support the oil and gas operations of Devon as well as unrelated third parties. Such activities include marketing natural gas, crude oil and NGLs, as well as constructing and operating pipelines, storage and treating facilities and gas processing plants.
 
The accounts of Devon’s controlled subsidiaries are included in the accompanying consolidated financial statements. All significant intercompany accounts and transactions have been eliminated in consolidation.
 
Nature
of Business and Principles of Consolidation


 



Devon is engaged primarily in oil and gas exploration,
development and production, and the acquisition of properties.
Such activities in the United States are concentrated in the
following geographic areas:


 
























































  • 
the Mid-Continent area of the central and southern United
States, principally in north and east Texas and Oklahoma;
 
  • 
the Permian Basin within Texas and New Mexico;
 
  • 
the Rocky Mountains area of the United States stretching from
the Canadian border into northern New Mexico;
 
  • 
the offshore areas of the Gulf of Mexico; and
 
  • 
the onshore areas of the Gulf Coast, principally in south Texas
and south Louisiana.


 



Devon’s Canadian operations are located primarily in the
provinces of Alberta, British Columbia and Saskatchewan.
Devon’s international operations — outside of
North America — are located primarily in Azerbaijan,
Brazil and China. In October 2007, Devon sold its assets and
terminated its operations in Egypt. In January 2007, Devon
announced its plans to divest its assets and terminate its
operations in West Africa. These divestiture activities are
described more fully in Note 13.


 



Devon also has marketing and midstream operations that perform
various activities to support the oil and gas operations of
Devon as well as unrelated third parties. Such activities
include marketing natural gas, crude oil and NGLs, as well as
constructing and operating pipelines, storage and treating
facilities and gas processing plants.


 



The accounts of Devon’s controlled subsidiaries are
included in the accompanying consolidated financial statements.
All significant intercompany accounts and transactions have been
eliminated in consolidation.


 




These excerpts taken from the DVN 10-K filed Feb 28, 2008.
Nature of Business and Principles of Consolidation
 
Devon is engaged primarily in oil and gas exploration, development and production, and the acquisition of properties. Such activities in the United States are concentrated in the following geographic areas:
 
  •  the Mid-Continent area of the central and southern United States, principally in north and east Texas and Oklahoma;
 
  •  the Permian Basin within Texas and New Mexico;
 
  •  the Rocky Mountains area of the United States stretching from the Canadian border into northern New Mexico;
 
  •  the offshore areas of the Gulf of Mexico; and
 
  •  the onshore areas of the Gulf Coast, principally in south Texas and south Louisiana.
 
Devon’s Canadian operations are located primarily in the provinces of Alberta, British Columbia and Saskatchewan. Devon’s international operations — outside of North America — are located primarily in Azerbaijan, Brazil and China. In October 2007, Devon sold its assets and terminated its operations in Egypt. In January 2007, Devon announced its plans to divest its assets and terminate its operations in West Africa. These divestiture activities are described more fully in Note 13.
 
Devon also has marketing and midstream operations that perform various activities to support the oil and gas operations of Devon as well as unrelated third parties. Such activities include marketing natural gas, crude oil and NGLs, as well as constructing and operating pipelines, storage and treating facilities and gas processing plants.
 
The accounts of Devon’s controlled subsidiaries are included in the accompanying consolidated financial statements. All significant intercompany accounts and transactions have been eliminated in consolidation.
 
Nature
of Business and Principles of Consolidation


 



Devon is engaged primarily in oil and gas exploration,
development and production, and the acquisition of properties.
Such activities in the United States are concentrated in the
following geographic areas:


 
























































  • 
the Mid-Continent area of the central and southern United
States, principally in north and east Texas and Oklahoma;
 
  • 
the Permian Basin within Texas and New Mexico;
 
  • 
the Rocky Mountains area of the United States stretching from
the Canadian border into northern New Mexico;
 
  • 
the offshore areas of the Gulf of Mexico; and
 
  • 
the onshore areas of the Gulf Coast, principally in south Texas
and south Louisiana.


 



Devon’s Canadian operations are located primarily in the
provinces of Alberta, British Columbia and Saskatchewan.
Devon’s international operations — outside of
North America — are located primarily in Azerbaijan,
Brazil and China. In October 2007, Devon sold its assets and
terminated its operations in Egypt. In January 2007, Devon
announced its plans to divest its assets and terminate its
operations in West Africa. These divestiture activities are
described more fully in Note 13.


 



Devon also has marketing and midstream operations that perform
various activities to support the oil and gas operations of
Devon as well as unrelated third parties. Such activities
include marketing natural gas, crude oil and NGLs, as well as
constructing and operating pipelines, storage and treating
facilities and gas processing plants.


 



The accounts of Devon’s controlled subsidiaries are
included in the accompanying consolidated financial statements.
All significant intercompany accounts and transactions have been
eliminated in consolidation.


 




This excerpt taken from the DVN 10-K filed Feb 28, 2007.
Nature of Business and Principles of Consolidation
 
Devon is engaged primarily in oil and gas exploration, development and production, and the acquisition of properties. Such activities in the United States are concentrated in the following geographic areas:
 
  •  the Mid-Continent area of the central and southern United States, principally in north and east Texas and Oklahoma;
 
  •  the Permian Basin within Texas and New Mexico;
 
  •  the Rocky Mountains area of the United States stretching from the Canadian border into northern New Mexico;
 
  •  the offshore areas of the Gulf of Mexico; and
 
  •  the onshore areas of the Gulf Coast, principally in south Texas and south Louisiana.
 
Devon’s Canadian activities are located primarily in the Western Canadian Sedimentary Basin. Devon’s international activities — outside of North America — are located primarily in Azerbaijan, Brazil, China and various countries in West Africa. On January 23, 2007, Devon announced its plans to divest its West African operations. See Note 13.
 
Devon also has marketing and midstream operations which are responsible for marketing natural gas, crude oil and NGLs, and constructing and operating pipelines, storage and treating facilities and gas processing plants. These services are performed for Devon as well as for unrelated third parties.
 
The accounts of Devon’s controlled subsidiaries are included in the accompanying consolidated financial statements. All significant intercompany accounts and transactions have been eliminated in consolidation.
 

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
10-K
Feb 28, 2007

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