DVN » Topics » Title to Properties

These excerpts taken from the DVN 10-K filed Feb 27, 2009.
Title to Properties
 
Title to properties is subject to contractual arrangements customary in the oil and gas industry, liens for current taxes not yet due and, in some instances, other encumbrances. We believe that such burdens do not materially detract from the value of such properties or from the respective interests therein or materially interfere with their use in the operation of the business.
 
As is customary in the industry, other than a preliminary review of local records, little investigation of record title is made at the time of acquisitions of undeveloped properties. Investigations, which generally include a title opinion of outside counsel, are made prior to the consummation of an acquisition of producing properties and before commencement of drilling operations on undeveloped properties.


26


Table of Contents

 
Item 3.   Legal Proceedings
 
Title to Properties
 
Title to properties is subject to contractual arrangements customary in the oil and gas industry, liens for current taxes not yet due and, in some instances, other encumbrances. We believe that such burdens do not materially detract from the value of such properties or from the respective interests therein or materially interfere with their use in the operation of the business.
 
As is customary in the industry, other than a preliminary review of local records, little investigation of record title is made at the time of acquisitions of undeveloped properties. Investigations, which generally include a title opinion of outside counsel, are made prior to the consummation of an acquisition of producing properties and before commencement of drilling operations on undeveloped properties.


26


Table of Contents

 
Item 3.   Legal Proceedings
 
Title to
Properties



 





Title to properties is subject to contractual arrangements
customary in the oil and gas industry, liens for current taxes
not yet due and, in some instances, other encumbrances. We
believe that such burdens do not materially detract from the
value of such properties or from the respective interests
therein or materially interfere with their use in the operation
of the business.


 





As is customary in the industry, other than a preliminary review
of local records, little investigation of record title is made
at the time of acquisitions of undeveloped properties.
Investigations, which generally include a title opinion of
outside counsel, are made prior to the consummation of an
acquisition of producing properties and before commencement of
drilling operations on undeveloped properties.





26





Table of Contents





 

















Item 3.  

Legal
Proceedings



 






Title to
Properties



 





Title to properties is subject to contractual arrangements
customary in the oil and gas industry, liens for current taxes
not yet due and, in some instances, other encumbrances. We
believe that such burdens do not materially detract from the
value of such properties or from the respective interests
therein or materially interfere with their use in the operation
of the business.


 





As is customary in the industry, other than a preliminary review
of local records, little investigation of record title is made
at the time of acquisitions of undeveloped properties.
Investigations, which generally include a title opinion of
outside counsel, are made prior to the consummation of an
acquisition of producing properties and before commencement of
drilling operations on undeveloped properties.





26





Table of Contents





 

















Item 3.  

Legal
Proceedings



 






These excerpts taken from the DVN 10-K filed Jun 9, 2008.
Title to Properties
 
Title to properties is subject to contractual arrangements customary in the oil and gas industry, liens for current taxes not yet due and, in some instances, other encumbrances. We believe that such burdens do not materially detract from the value of such properties or from the respective interests therein or materially interfere with their use in the operation of the business.
 
As is customary in the industry, other than a preliminary review of local records, little investigation of record title is made at the time of acquisitions of undeveloped properties. Investigations, which generally include a title opinion of outside counsel, are made prior to the consummation of an acquisition of producing properties and before commencement of drilling operations on undeveloped properties.
 
Item 3.   Legal Proceedings
 
Title to
Properties



 



Title to properties is subject to contractual arrangements
customary in the oil and gas industry, liens for current taxes
not yet due and, in some instances, other encumbrances. We
believe that such burdens do not materially detract from the
value of such properties or from the respective interests
therein or materially interfere with their use in the operation
of the business.


 



As is customary in the industry, other than a preliminary review
of local records, little investigation of record title is made
at the time of acquisitions of undeveloped properties.
Investigations, which generally include a title opinion of
outside counsel, are made prior to the consummation of an
acquisition of producing properties and before commencement of
drilling operations on undeveloped properties.


 















Item 3.  

Legal
Proceedings



 




These excerpts taken from the DVN 10-K filed Feb 28, 2008.
Title to Properties
 
Title to properties is subject to contractual arrangements customary in the oil and gas industry, liens for current taxes not yet due and, in some instances, other encumbrances. We believe that such burdens do not materially detract from the value of such properties or from the respective interests therein or materially interfere with their use in the operation of the business.
 
As is customary in the industry, other than a preliminary review of local records, little investigation of record title is made at the time of acquisitions of undeveloped properties. Investigations, which generally include a title opinion of outside counsel, are made prior to the consummation of an acquisition of producing properties and before commencement of drilling operations on undeveloped properties.
 
Item 3.   Legal Proceedings
 
Title to
Properties



 



Title to properties is subject to contractual arrangements
customary in the oil and gas industry, liens for current taxes
not yet due and, in some instances, other encumbrances. We
believe that such burdens do not materially detract from the
value of such properties or from the respective interests
therein or materially interfere with their use in the operation
of the business.


 



As is customary in the industry, other than a preliminary review
of local records, little investigation of record title is made
at the time of acquisitions of undeveloped properties.
Investigations, which generally include a title opinion of
outside counsel, are made prior to the consummation of an
acquisition of producing properties and before commencement of
drilling operations on undeveloped properties.


 















Item 3.  

Legal
Proceedings



 




This excerpt taken from the DVN 10-K filed Feb 28, 2007.
Title to Properties
 
Title to properties is subject to contractual arrangements customary in the oil and gas industry, liens for current taxes not yet due and, in some instances, other encumbrances. We believe that such burdens do not materially detract from the value of such properties or from the respective interests therein or materially interfere with their use in the operation of the business.


24


Table of Contents

 
As is customary in the industry, other than a preliminary review of local records, little investigation of record title is made at the time of acquisitions of undeveloped properties. Investigations, generally including a title opinion of outside counsel, are made prior to the consummation of an acquisition of producing properties and before commencement of drilling operations on undeveloped properties.
 
Item 3.   Legal Proceedings
 
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