DNE » Topics » General

This excerpt taken from the DNE DEF 14A filed Apr 17, 2009.

General

Our Board of Directors has seven members. Each current Board of Directors member is standing for re-election, to hold office until the next annual meeting of stockholders.

Your proxy will be voted FOR the election of the seven nominees named below, unless you withhold authority to vote for any or all of the nominees. Management has no reason to believe that a nominee will be unwilling or unable to serve as a director. The Corporate Governance and Nominating Committee of the Board of Directors nominated each of the candidates for election. However, if a nominee is unwilling or unable to serve, your proxy will be voted for another nominee designated by our Board of Directors.

This excerpt taken from the DNE 10-K filed Mar 5, 2009.

General

Our operations are subject to stringent and complex federal, state and local laws and regulations governing environmental protection as well as the discharge of materials into the environment. These laws and regulations may, among other things:

 

   

require the acquisition of various permits before drilling commences;

 

   

restrict the types, quantities and concentration of various substances that can be released into the environment in connection with oil and natural gas drilling and production activities;

 

   

limit or prohibit drilling activities on certain lands lying within wilderness, wetlands and other protected areas; and

 

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require remedial measures to mitigate pollution from former and ongoing operations, such as requirements to close pits and plug abandoned wells.

These laws and regulations may also restrict the rate of oil and natural gas production below the rate that would otherwise be possible. The regulatory burden on the oil and gas industry increases the cost of doing business in the industry and consequently affects profitability. Additionally, Congress and federal and state agencies frequently revise environmental laws and regulations, and any changes that result in more stringent and costly waste handling, disposal and cleanup requirements for the oil and gas industry could have a significant impact on our operating costs.

The following is a summary of some of the existing laws, rules and regulations to which our business operations are subject.

This excerpt taken from the DNE DEF 14A filed Apr 15, 2008.

General

Our Board of Directors has seven members. Each current Board of Directors member is standing for re-election, to hold office until the next annual meeting of stockholders.

Your proxy will be voted FOR the election of the seven nominees named below, unless you withhold authority to vote for any or all of the nominees. Management has no reason to believe that a nominee will be unwilling or unable to serve as a director. The Corporate Governance and Nominating Committee of the Board of Directors nominated each of the candidates for election. However, if a nominee is unwilling or unable to serve, your proxy will be voted for another nominee designated by our Board of Directors.

This excerpt taken from the DNE 8-K filed Apr 4, 2008.

General

 

 

The Nominations Committee shall on an annual basis affirmatively determine by a majority vote of its members those directors that are Independent in accordance with the standards set forth in the Company’s Governance Standards for Directors and Committees of the Board and that each director nominee presents the qualifications necessary to be nominated as a director. Once the Nominations Committee has selected the Slate of Directors, the Nominations Committee will forward the Slate of Directors to the Board of Directors. Each nominee for Director will be placed on the Slate of Directors to be elected by the stockholders at the Company’s annual meeting upon receiving the affirmative vote of a majority of the Board of Directors.

 

 

The Nominations Committee shall be empowered to accept or reject the resignation of a director upon the submission of such resignation pursuant to the Company’s Governance Standards for Directors and Committees of the Board. In the event that the resignation is accepted by the Nominations Committee, the Nominations Committee shall by majority vote determine whether to fill the vacancy and if so, by majority vote forward the name of the nominee to the full Board of Directors for election.

 

 

The Nominations Committee shall develop and recommend to the Board of Directors a set of corporate governance principles applicable to the Company. In developing this set of principles or carrying out its other duties, the Nominations Committee is authorized to conduct research into any matters within the Nominations Committee’s scope of responsibilities. The Nominations Committee shall have unrestricted access to members of management and all information relevant to its responsibilities.

 

 

The Nominations Committee shall meet at least once per year or more frequently as circumstances require. The Nominations Committee may ask members of management or others to attend the meetings and provide pertinent information as necessary.

 

 

The Nominations Committee shall at least on an annual basis review and update its charter.

 

 

The Board of Director’s criteria for selecting new directors are those set forth in the section entitled “Standards for Director Qualification” of the Company’s Governance Standards for Directors and Committees of the Board.

 

 

The Nominations Committee shall provide oversight of the evaluation of the Board of Directors and management utilizing the Board of Directors’ criteria for directors set forth in the Company’s Governance Standards for Directors and Committees of the Board.

 

 

The Nominations Committee shall report to the entire Board of Directors and shall provide all notices and minutes of meetings of the Nominations Committee to the Board of Directors.

 

 

The Nominations Committee shall perform an annual performance evaluation of the Nominations Committee.

 

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This excerpt taken from the DNE 10-K filed Mar 10, 2008.

General

Our operations are subject to stringent and complex federal, state and local laws and regulations governing environmental protection as well as the discharge of materials into the environment. These laws and regulations may, among other things:

 

   

require the acquisition of various permits before drilling commences;

 

   

restrict the types, quantities and concentration of various substances that can be released into the environment in connection with oil and natural gas drilling and production activities;

 

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limit or prohibit drilling activities on certain lands lying within wilderness, wetlands and other protected areas; and

 

   

require remedial measures to mitigate pollution from former and ongoing operations, such as requirements to close pits and plug abandoned wells.

These laws and regulations may also restrict the rate of oil and natural gas production below the rate that would otherwise be possible. The regulatory burden on the oil and gas industry increases the cost of doing business in the industry and consequently affects profitability. Additionally, Congress and federal and state agencies frequently revise environmental laws and regulations, and any changes that result in more stringent and costly waste handling, disposal and cleanup requirements for the oil and gas industry could have a significant impact on our operating costs.

The following is a summary of some of the existing laws, rules and regulations to which our business operations are subject.

This excerpt taken from the DNE DEF 14A filed Jun 15, 2007.

General

Our Board of Directors has seven members. Each current Board member is standing for re-election, to hold office until the next Annual Meeting of Stockholders.

Your proxy will be voted FOR the election of the seven nominees named below, unless you withhold authority to vote for any or all of the nominees. Management has no reason to believe that a nominee will be unwilling or unable to serve as a director. However, if a nominee is unwilling or unable to serve, your proxy will be voted for another nominee designated by our Board of Directors.

This excerpt taken from the DNE 8-K filed Apr 24, 2007.

General

Our operations are subject to stringent and complex federal, state and local laws and regulations governing environmental protection as well as the discharge of materials into the environment. These laws and regulations may, among other things:

 

   

require the acquisition of various permits before drilling commences;

 

   

restrict the types, quantities and concentration of various substances that can be released into the environment in connection with oil and natural gas drilling and production activities;

 

   

limit or prohibit drilling activities on certain lands lying within wilderness, wetlands and other protected areas; and

 

   

require remedial measures to mitigate pollution from former and ongoing operations, such as requirements to close pits and plug abandoned wells.

These laws and regulations may also restrict the rate of oil and natural gas production below the rate that would otherwise be possible. The regulatory burden on the oil and gas industry increases the cost of doing


business in the industry and consequently affects profitability. Additionally, Congress and federal and state agencies frequently revise environmental laws and regulations, and any changes that result in more stringent and costly waste handling, disposal and cleanup requirements for the oil and gas industry could have a significant impact on our operating costs.

The following is a summary of some of the existing laws, rules and regulations to which our business operations are subject.

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