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DVN » Topics » Strategy

These excerpts taken from the DVN 10-K filed Feb 27, 2009.
Strategy
 
We have a two-pronged operating strategy. First, we invest a significant portion of our capital budget in low-risk development projects on our extensive North American property base, which provides reliable and repeatable production and reserves additions. To supplement that low-risk part of our strategy, we also annually invest capital in long cycle-time projects to replenish our development inventory for the future. The philosophy that underlies the execution of this strategy is to strive to increase value on a per share basis by:
 
  •  building oil and gas reserves and production;
 
  •  exercising capital discipline;
 
  •  controlling operating costs;
 
  •  improving performance through our marketing and midstream operations; and
 
  •  preserving financial flexibility.
 
Strategy
 
We have a two-pronged operating strategy. First, we invest a significant portion of our capital budget in low-risk development projects on our extensive North American property base, which provides reliable and repeatable production and reserves additions. To supplement that low-risk part of our strategy, we also annually invest capital in long cycle-time projects to replenish our development inventory for the future. The philosophy that underlies the execution of this strategy is to strive to increase value on a per share basis by:
 
  •  building oil and gas reserves and production;
 
  •  exercising capital discipline;
 
  •  controlling operating costs;
 
  •  improving performance through our marketing and midstream operations; and
 
  •  preserving financial flexibility.
 
Strategy


 





We have a two-pronged operating strategy. First, we invest a
significant portion of our capital budget in low-risk
development projects on our extensive North American property
base, which provides reliable and repeatable production and
reserves additions. To supplement that low-risk part of our
strategy, we also annually invest capital in long cycle-time
projects to replenish our development inventory for the future.
The philosophy that underlies the execution of this strategy is
to strive to increase value on a per share basis by:


 


































































  • 
building oil and gas reserves and production;
 
  • 
exercising capital discipline;
 
  • 
controlling operating costs;
 
  • 
improving performance through our marketing and midstream
operations; and
 
  • 
preserving financial flexibility.


 






Strategy


 





We have a two-pronged operating strategy. First, we invest a
significant portion of our capital budget in low-risk
development projects on our extensive North American property
base, which provides reliable and repeatable production and
reserves additions. To supplement that low-risk part of our
strategy, we also annually invest capital in long cycle-time
projects to replenish our development inventory for the future.
The philosophy that underlies the execution of this strategy is
to strive to increase value on a per share basis by:


 


































































  • 
building oil and gas reserves and production;
 
  • 
exercising capital discipline;
 
  • 
controlling operating costs;
 
  • 
improving performance through our marketing and midstream
operations; and
 
  • 
preserving financial flexibility.


 






These excerpts taken from the DVN 10-K filed Jun 9, 2008.
Strategy
 
We have a two-pronged operating strategy. First, we invest the vast majority of our capital budget in low-risk exploitation and development projects on our extensive North American property base, which provides reliable and repeatable production and reserves additions. To supplement that low-risk part of our strategy, we also annually invest a measured amount of capital in high-impact, long cycle-time projects to replenish our development inventory for the future. The philosophy that underlies the execution of this strategy is to strive to increase value on a per share basis by:
 
  •  building oil and gas reserves and production;
 
  •  exercising capital discipline;
 
  •  preserving financial flexibility;
 
  •  maintaining a low unit-cost structure; and
 
  •  improving performance through our marketing and midstream operations.
 
Strategy


 



We have a two-pronged operating strategy. First, we invest the
vast majority of our capital budget in low-risk exploitation and
development projects on our extensive North American property
base, which provides reliable and repeatable production and
reserves additions. To supplement that low-risk part of our
strategy, we also annually invest a measured amount of capital
in high-impact, long cycle-time projects to replenish our
development inventory for the future. The philosophy that
underlies the execution of this strategy is to strive to
increase value on a per share basis by:


 
























































  • 
building oil and gas reserves and production;
 
  • 
exercising capital discipline;
 
  • 
preserving financial flexibility;
 
  • 
maintaining a low unit-cost structure; and
 
  • 
improving performance through our marketing and midstream
operations.


 




These excerpts taken from the DVN 10-K filed Feb 28, 2008.
Strategy
 
We have a two-pronged operating strategy. First, we invest the vast majority of our capital budget in low-risk exploitation and development projects on our extensive North American property base, which provides reliable and repeatable production and reserves additions. To supplement that low-risk part of our strategy, we also annually invest a measured amount of capital in high-impact, long cycle-time projects to replenish our development inventory for the future. The philosophy that underlies the execution of this strategy is to strive to increase value on a per share basis by:
 
  •  building oil and gas reserves and production;
 
  •  exercising capital discipline;
 
  •  preserving financial flexibility;
 
  •  maintaining a low unit-cost structure; and
 
  •  improving performance through our marketing and midstream operations.
 
Strategy


 



We have a two-pronged operating strategy. First, we invest the
vast majority of our capital budget in low-risk exploitation and
development projects on our extensive North American property
base, which provides reliable and repeatable production and
reserves additions. To supplement that low-risk part of our
strategy, we also annually invest a measured amount of capital
in high-impact, long cycle-time projects to replenish our
development inventory for the future. The philosophy that
underlies the execution of this strategy is to strive to
increase value on a per share basis by:


 
























































  • 
building oil and gas reserves and production;
 
  • 
exercising capital discipline;
 
  • 
preserving financial flexibility;
 
  • 
maintaining a low unit-cost structure; and
 
  • 
improving performance through our marketing and midstream
operations.


 




This excerpt taken from the DVN 10-K filed Feb 28, 2007.
Strategy
 
We have a two-pronged operating strategy. First, we invest the vast majority of our capital budget in low-risk exploitation and development projects on our extensive North American property base which provides reliable and repeatable production and reserves additions. To supplement that strategy, we annually invest a measured amount of capital in high-impact, long cycle-time projects to replenish our development inventory for the future. The philosophy that underlies the execution of this strategy is to strive to increase value on a per share basis by:
 
  •  building oil and gas reserves and production;
 
  •  exercising capital discipline;
 
  •  preserving financial flexibility;
 
  •  maintaining a low unit-cost structure; and
 
  •  improving performance through our marketing and midstream operations.
 

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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