2008 Estimates
Devon provided 2008 full year estimates for production, price differentials, expenses and other operating items in Form 8-K filed with the Securities and Exchange Commission on August 6, 2008. A link to that filing is provided below.
— Form 8-K - Filed 08.06.08 (PDF-200k)
In addition to the 2008 full year estimates provided in the abovementioned Form 8-K, Devon provided the following estimates for the second half of 2008 during the company's August 6, 2008, earnings conference call and webcast:
— Third quarter 2008 production is expected to be approximately 61 million oil equivalent barrels. Fourth quarter 2008 production is expected to be approximately 64 million oil equivalent barrels.
— Second half DD&A expense is expected to be between $13.30 and $13.40 per equivalent barrel of production.
— Third quarter 2008 G&A expense is expected to be between $150 and $160 million. Fourth quarter G&A expense is expected to be between $180 and $190 million.
— Third quarter 2008 interest expense is expected to be approximately $75 million. Fourth quarter interest expense is expected to be approximately $65 million.