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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Operation
of Properties
The day-to-day operations of oil and gas properties are the
responsibility of an operator designated under pooling or
operating agreements. The operator supervises production,
maintains production records, employs field personnel and
performs other functions.
We are the operator of 22,527 of our wells. As operator, we
receive reimbursement for direct expenses incurred in the
performance of our duties as well as monthly per-well producing
and drilling overhead reimbursement at rates customarily charged
in the area. In presenting our financial data, we record the
monthly overhead reimbursements as a reduction of general and
administrative expense, which is a common industry practice.
Operation
of Properties
The day-to-day operations of oil and gas properties are the
responsibility of an operator designated under pooling or
operating agreements. The operator supervises production,
maintains production records, employs field personnel and
performs other functions.
We are the operator of 22,527 of our wells. As operator, we
receive reimbursement for direct expenses incurred in the
performance of our duties as well as monthly per-well producing
and drilling overhead reimbursement at rates customarily charged
in the area. In presenting our financial data, we record the
monthly overhead reimbursements as a reduction of general and
administrative expense, which is a common industry practice.
Operation of Properties The day-to-day operations of oil and gas properties are the responsibility of an operator designated under pooling or operating agreements. The operator supervises production, maintains production records, employs field personnel and performs other functions. We are the operator of 22,527 of our wells. As operator, we receive reimbursement for direct expenses incurred in the performance of our duties as well as monthly per-well producing and drilling overhead reimbursement at rates customarily charged in the area. In presenting our financial data, we record the monthly overhead reimbursements as a reduction of general and administrative expense, which is a common industry practice. Operation of Properties The day-to-day operations of oil and gas properties are the responsibility of an operator designated under pooling or operating agreements. The operator supervises production, maintains production records, employs field personnel and performs other functions. We are the operator of 22,527 of our wells. As operator, we receive reimbursement for direct expenses incurred in the performance of our duties as well as monthly per-well producing and drilling overhead reimbursement at rates customarily charged in the area. In presenting our financial data, we record the monthly overhead reimbursements as a reduction of general and administrative expense, which is a common industry practice. These excerpts taken from the DVN 10-K filed Jun 9, 2008. Operation
of Properties
The day-to-day operations of oil and gas properties are the
responsibility of an operator designated under pooling or
operating agreements. The operator supervises production,
maintains production records, employs field personnel and
performs other functions.
We are the operator of 21,226 of our wells. As operator, we
receive reimbursement for direct expenses incurred in the
performance of our duties as well as monthly per-well producing
and drilling overhead reimbursement at rates customarily charged
in the area. In presenting our financial data, we record the
monthly overhead reimbursements as a reduction of general and
administrative expense, which is a common industry practice.
Table of Contents
Operation of Properties The day-to-day operations of oil and gas properties are the responsibility of an operator designated under pooling or operating agreements. The operator supervises production, maintains production records, employs field personnel and performs other functions. We are the operator of 21,226 of our wells. As operator, we receive reimbursement for direct expenses incurred in the performance of our duties as well as monthly per-well producing and drilling overhead reimbursement at rates customarily charged in the area. In presenting our financial data, we record the monthly overhead reimbursements as a reduction of general and administrative expense, which is a common industry practice.
Table of ContentsThese excerpts taken from the DVN 10-K filed Feb 28, 2008. Operation
of Properties
The day-to-day operations of oil and gas properties are the
responsibility of an operator designated under pooling or
operating agreements. The operator supervises production,
maintains production records, employs field personnel and
performs other functions.
We are the operator of 21,226 of our wells. As operator, we
receive reimbursement for direct expenses incurred in the
performance of our duties as well as monthly per-well producing
and drilling overhead reimbursement at rates customarily charged
in the area. In presenting our financial data, we record the
monthly overhead reimbursements as a reduction of general and
administrative expense, which is a common industry practice.
Table of Contents
Operation of Properties The day-to-day operations of oil and gas properties are the responsibility of an operator designated under pooling or operating agreements. The operator supervises production, maintains production records, employs field personnel and performs other functions. We are the operator of 21,226 of our wells. As operator, we receive reimbursement for direct expenses incurred in the performance of our duties as well as monthly per-well producing and drilling overhead reimbursement at rates customarily charged in the area. In presenting our financial data, we record the monthly overhead reimbursements as a reduction of general and administrative expense, which is a common industry practice.
Table of ContentsThis excerpt taken from the DVN 10-K filed Feb 28, 2007. Operation
of Properties
The
day-to-day
operations of oil and gas properties are the responsibility of
an operator designated under pooling or operating agreements.
The operator supervises production, maintains production
records, employs field personnel and performs other functions.
Table of Contents
We are the operator of 22,434 of our wells. As operator, we
receive reimbursement for direct expenses incurred in the
performance of our duties as well as monthly per-well producing
and drilling overhead reimbursement at rates customarily charged
in the area. In presenting our financial data, we record the
monthly overhead reimbursements as a reduction of general and
administrative expense, which is a common industry practice.
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