Investor Relations - Estimates 

2009 and 2010 Estimates

Devon provided 2009 and 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 2009 and 2010 full year estimates provided in the abovementioned Form 8-K, Devon provided the following estimates during the company's November 4, 2009, earnings conference call and webcast:

 

 — Production is expected to be between 58 and 60 million oil equivalent barrels in the fourth quarter of 2009 and 247 to 249 million oil equivalent barrels for the full-year 2009.

 — Realized oil prices in Canada are expected to be approximately 65% of WTI in the fourth quarter of 2009.

 — Realized oil prices companywide are expected to be approximately 80% of WTI in the fourth quarter of 2009.

 — Marketing and Midstream operating profit is expected to be approximately $100 million in the fourth quarter of 2009.

 — Lease operating expense is expected to be between $485 and $500 million in the fourth quarter of 2009.

 — DD&A expense is expected to be between $7.50 and $8.00 per barrel produced for the fourth quarter of 2009.

 — G&A expense is expected to be between $150 and $170 million in the fourth quarter of 2009.

— Exploration and production capital is expected to be approximately $4.1 billion for the full-year 2009.