2010 Estimates
Devon provided 2010 full-year estimates for production, price differentials, expenses and other operating items in Form 8-K filed with the Securities and Exchange Commission on November 16, 2009. A link to that filing is provided below.
— Form 8-K - Filed 11.16.09 (PDF-121k)
In addition to the 2010 full year estimates provided in the abovementioned Form 8-K, Devon provided the following estimates during the company's February 17, 2010, earnings conference call and webcast:
— Production is expected to be between 55 and 56 million oil equivalent barrels in the first quarter of 2010 and 231 to 235 million oil equivalent barrels for the full-year 2010.
— Marketing and Midstream operating profit is expected to be between $450 million and $525 million for the full-year 2010.
— Lease operating expenses are expected to be between $7.50 and $8.15 per barrel for the full-year 2010.
—Taxes other than income are expected to be between 4.5% and 5.5% of total oil, gas and NGL revenue for the full-year 2010.
—DD&A expense for oil and gas properties is expected to be between $7.60 and $8.10 per barrel of production for the full-year 2010.
— Restructuring expenses are expected to be between $50 and $120 million for the full-year 2010.
— Interest expense is expected to be between $325 and $365 million for the full-year 2010.
— Exploration and development capital is expected to be between $4.3 billion and $4.8 billion for the full-year 2010.