2011 Guidance
Devon provided 2011 full-year estimates for production, price differentials, expenses and other operating items in the Form 8-K filed with the Securities and Exchange Commission on August 3, 2011. A link to that filing is provided below.
— Form 8-K - Filed 8.3.11
In addition to the 2011 full-year estimates provided in the abovementioned Form 8-K, Devon provided the following estimates during the company's November 2, 2011, earnings conference call and webcast:
— Capital expenditures for exploration and development activities are expected to approximate $1.5 billion in the fourth quarter of 2011.
— Production is expected to be between 665,000 to 675,000 barrels per day in the fourth quarter of 2011.
— Marketing and midstream operating profit is expected to be in the top half of the full-year 2011 guidance range of $515 to $545 million.
— General and administrative expenses are expected to be between $170 and $180 million in the fourth quarter of 2011.
— Devon’s corporate tax rate is expected to be between 30 and 35 percent in the fourth quarter of 2011.
— For an updated hedging schedule please click here