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DVN » Topics » Oil and Gas Operating Area Prices

These excerpts taken from the DVN 10-K filed Jun 9, 2008.
Oil and Gas Operating Area Prices
 
We expect our 2008 average prices for the oil and gas production from each of our operating areas to differ from the NYMEX price as set forth in the following table. These expected ranges are exclusive of the anticipated effects of the oil and gas financial contracts presented in the “Commodity Price Risk Management” section below.
 
The NYMEX price for oil is the monthly average of settled prices on each trading day for benchmark West Texas Intermediate crude oil delivered at Cushing, Oklahoma. The NYMEX price for gas is determined to be the first-of-month south Louisiana Henry Hub price index as published monthly in Inside FERC.
 
         
    Expected Range of Prices
    as a % of NYMEX Price
    Oil   Gas
 
U.S. Onshore
  85% to 95%   80% to 90%
U.S. Offshore
  90% to 100%   95% to 105%
Canada
  55% to 65%   85% to 95%
International
  85% to 95%   83% to 93%
 
Oil and
Gas Operating Area Prices


 



We expect our 2008 average prices for the oil and gas production
from each of our operating areas to differ from the NYMEX price
as set forth in the following table. These expected ranges are
exclusive of the anticipated effects of the oil and gas
financial contracts presented in the “Commodity Price Risk
Management” section below.


 



The NYMEX price for oil is the monthly average of settled prices
on each trading day for benchmark West Texas Intermediate crude
oil delivered at Cushing, Oklahoma. The NYMEX price for gas is
determined to be the first-of-month south Louisiana Henry Hub
price index as published monthly in Inside FERC.


 




























































         

 

 

Expected Range of Prices



 

 

as a % of NYMEX Price

 

 

Oil

 

Gas
 


U.S. Onshore


 

85% to 95%

 

80% to 90%


U.S. Offshore


 

90% to 100%

 

95% to 105%


Canada


 

55% to 65%

 

85% to 95%


International


 

85% to 95%

 

83% to 93%






 




These excerpts taken from the DVN 10-K filed Feb 28, 2008.
Oil and Gas Operating Area Prices
 
We expect our 2008 average prices for the oil and gas production from each of our operating areas to differ from the NYMEX price as set forth in the following table. These expected ranges are exclusive of the anticipated effects of the oil and gas financial contracts presented in the “Commodity Price Risk Management” section below.
 
The NYMEX price for oil is the monthly average of settled prices on each trading day for benchmark West Texas Intermediate crude oil delivered at Cushing, Oklahoma. The NYMEX price for gas is determined to be the first-of-month south Louisiana Henry Hub price index as published monthly in Inside FERC.
 
         
    Expected Range of Prices
    as a % of NYMEX Price
    Oil   Gas
 
U.S. Onshore
  85% to 95%   80% to 90%
U.S. Offshore
  90% to 100%   95% to 105%
Canada
  55% to 65%   85% to 95%
International
  85% to 95%   83% to 93%
 
Oil and
Gas Operating Area Prices


 



We expect our 2008 average prices for the oil and gas production
from each of our operating areas to differ from the NYMEX price
as set forth in the following table. These expected ranges are
exclusive of the anticipated effects of the oil and gas
financial contracts presented in the “Commodity Price Risk
Management” section below.


 



The NYMEX price for oil is the monthly average of settled prices
on each trading day for benchmark West Texas Intermediate crude
oil delivered at Cushing, Oklahoma. The NYMEX price for gas is
determined to be the first-of-month south Louisiana Henry Hub
price index as published monthly in Inside FERC.


 




























































         

 

 

Expected Range of Prices



 

 

as a % of NYMEX Price

 

 

Oil

 

Gas
 


U.S. Onshore


 

85% to 95%

 

80% to 90%


U.S. Offshore


 

90% to 100%

 

95% to 105%


Canada


 

55% to 65%

 

85% to 95%


International


 

85% to 95%

 

83% to 93%






 




EXCERPTS ON THIS PAGE:

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

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