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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Production
and Operating Expenses
Our production and operating expenses include lease operating
expenses, transportation costs and production taxes. These
expenses vary in response to several factors. Among the most
significant of these factors are additions to or deletions from
the property base, changes in the general price level of
services and materials that are used in the operation of the
properties, the amount of repair and workover activity required
and changes in production tax rates. Oil, gas and NGL prices
also have an effect on lease operating expenses and impact the
economic feasibility of planned workover projects.
Given these uncertainties, we expect that our 2009 lease
operating expenses will be between $1.93 billion and
$2.27 billion. Additionally, we estimate that our
production taxes for 2009 will be between 3.25% and 3.75% of
total oil, gas and NGL revenues, excluding the effect on
revenues from financial collar contracts upon which production
taxes are not assessed.
Production
and Operating Expenses
Our production and operating expenses include lease operating
expenses, transportation costs and production taxes. These
expenses vary in response to several factors. Among the most
significant of these factors are additions to or deletions from
the property base, changes in the general price level of
services and materials that are used in the operation of the
properties, the amount of repair and workover activity required
and changes in production tax rates. Oil, gas and NGL prices
also have an effect on lease operating expenses and impact the
economic feasibility of planned workover projects.
Given these uncertainties, we expect that our 2009 lease
operating expenses will be between $1.93 billion and
$2.27 billion. Additionally, we estimate that our
production taxes for 2009 will be between 3.25% and 3.75% of
total oil, gas and NGL revenues, excluding the effect on
revenues from financial collar contracts upon which production
taxes are not assessed.
Production and Operating Expenses Our production and operating expenses include lease operating expenses, transportation costs and production taxes. These expenses vary in response to several factors. Among the most significant of these factors are additions to or deletions from the property base, changes in the general price level of services and materials that are used in the operation of the properties, the amount of repair and workover activity required and changes in production tax rates. Oil, gas and NGL prices also have an effect on lease operating expenses and impact the economic feasibility of planned workover projects. Given these uncertainties, we expect that our 2009 lease operating expenses will be between $1.93 billion and $2.27 billion. Additionally, we estimate that our production taxes for 2009 will be between 3.25% and 3.75% of total oil, gas and NGL revenues, excluding the effect on revenues from financial collar contracts upon which production taxes are not assessed. Production and Operating Expenses Our production and operating expenses include lease operating expenses, transportation costs and production taxes. These expenses vary in response to several factors. Among the most significant of these factors are additions to or deletions from the property base, changes in the general price level of services and materials that are used in the operation of the properties, the amount of repair and workover activity required and changes in production tax rates. Oil, gas and NGL prices also have an effect on lease operating expenses and impact the economic feasibility of planned workover projects. Given these uncertainties, we expect that our 2009 lease operating expenses will be between $1.93 billion and $2.27 billion. Additionally, we estimate that our production taxes for 2009 will be between 3.25% and 3.75% of total oil, gas and NGL revenues, excluding the effect on revenues from financial collar contracts upon which production taxes are not assessed. These excerpts taken from the DVN 10-K filed Jun 9, 2008. Production
and Operating Expenses
Our production and operating expenses include lease operating
expenses, transportation costs and production taxes. These
expenses vary in response to several factors. Among the most
significant of these factors are additions to or deletions from
the property base, changes in the general price level of
services and materials that are used in the operation of the
properties, the amount of repair and workover activity required
and changes in production tax rates. Oil, gas and NGL prices
also have an effect on lease operating expenses and impact the
economic feasibility of planned workover projects.
Given these uncertainties, we expect that our 2008 lease
operating expenses will be between $2.17 billion to
$2.24 billion. Additionally, we estimate that our
production taxes for 2008 will be between 3.5% and 4.0% of total
oil, gas and NGL revenues, excluding the effect on revenues from
financial collars and price swap contracts upon which production
taxes are not assessed.
Production and Operating Expenses Our production and operating expenses include lease operating expenses, transportation costs and production taxes. These expenses vary in response to several factors. Among the most significant of these factors are additions to or deletions from the property base, changes in the general price level of services and materials that are used in the operation of the properties, the amount of repair and workover activity required and changes in production tax rates. Oil, gas and NGL prices also have an effect on lease operating expenses and impact the economic feasibility of planned workover projects. Given these uncertainties, we expect that our 2008 lease operating expenses will be between $2.17 billion to $2.24 billion. Additionally, we estimate that our production taxes for 2008 will be between 3.5% and 4.0% of total oil, gas and NGL revenues, excluding the effect on revenues from financial collars and price swap contracts upon which production taxes are not assessed. These excerpts taken from the DVN 10-K filed Feb 28, 2008. Production
and Operating Expenses
Our production and operating expenses include lease operating
expenses, transportation costs and production taxes. These
expenses vary in response to several factors. Among the most
significant of these factors are additions to or deletions from
the property base, changes in the general price level of
services and materials that are used in the operation of the
properties, the amount of repair and workover activity required
and changes in production tax rates. Oil, gas and NGL prices
also have an effect on lease operating expenses and impact the
economic feasibility of planned workover projects.
Given these uncertainties, we expect that our 2008 lease
operating expenses will be between $2.17 billion to
$2.24 billion. Additionally, we estimate that our
production taxes for 2008 will be between 3.5% and 4.0% of total
oil, gas and NGL revenues, excluding the effect on revenues from
financial collars and price swap contracts upon which production
taxes are not assessed.
Production and Operating Expenses Our production and operating expenses include lease operating expenses, transportation costs and production taxes. These expenses vary in response to several factors. Among the most significant of these factors are additions to or deletions from the property base, changes in the general price level of services and materials that are used in the operation of the properties, the amount of repair and workover activity required and changes in production tax rates. Oil, gas and NGL prices also have an effect on lease operating expenses and impact the economic feasibility of planned workover projects. Given these uncertainties, we expect that our 2008 lease operating expenses will be between $2.17 billion to $2.24 billion. Additionally, we estimate that our production taxes for 2008 will be between 3.5% and 4.0% of total oil, gas and NGL revenues, excluding the effect on revenues from financial collars and price swap contracts upon which production taxes are not assessed. This excerpt taken from the DVN 10-K filed Feb 28, 2007. Production
and Operating Expenses
Our production and operating expenses include lease operating
expenses, transportation costs and production taxes. These
expenses vary in response to several factors. Among the most
significant of these factors are additions to or deletions from
the property base, changes in the general price level of
services and materials that are used in the operation of the
properties, the amount of repair and workover activity required
and changes in production tax rates. Oil, natural gas and NGL
prices also have an effect on lease operating expenses and
impact the economic feasibility of planned workover projects.
Given these uncertainties, we estimate that 2007 lease operating
expenses (including transportation costs) will be between
$1.70 billion and $1.77 billion. Additionally, we
estimate our production taxes for 2007 to be between 3.6% and
4.1% of consolidated oil, natural gas and NGL revenues.
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