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DVN » Topics » Sales of Property and Equipment

This excerpt taken from the DVN 10-K filed Feb 28, 2007.
Sales of Property and Equipment
 
In 2005, we generated $2.2 billion in pre-tax proceeds from sales of property and equipment. These consisted of $2.0 billion related to the sale of non-core oil and gas properties and $0.2 billion related to the sale of non-core midstream assets. Net of related income taxes, these proceeds were $1.8 billion for oil and gas properties and $0.1 billion for midstream assets.


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