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Devon Energy Corporation, Company Intelligence Report

GlobalData
Published Date » 2012-01-27
No. Of Pages » 130
 

Devon Energy Corporation (Devon) is one of the largest independent oil and gas companies in North America. The company is primarily engaged in the exploration, development and production of crude oil and natural gas resources in the US and Canada. Its operations in the US are located in Rocky Mountains, Permian Basin, Gulf Coast and Mid Continent. Devons Canadian Operations are located in Horn River Basin, Deep Basin, Foothills, Central, Northwest, Lloydminster and thermal oil projects in Alberta. Devon also operates marketing and midstream segment. Its marketing segment includes marketing of natural gas, crude oil and Natural Gas Liquids (NGLs), storage, processing and treating of hydrocarbons. The companys midstream operations include a transportation pipeline network, storage tanks, treating facilities and natural gas processing plants. Devon operates a 13,000 miles long pipeline base in the US and Canada. It owns and operates around 65 plants to process natural gas and extract NGLs. Devon operates a pipeline network of more than 6,500 miles in length, around 300 compressor facilities, and eight gas processing plants. The companys major midstream assets in Canada include its interest in 56 plants with a net inlet capacity of around 1.2bcf/d. The companys midstream assets portfolio also includes the Access Pipeline system in Canada, which is a 220-mile long pipeline system. It owns a 50% stake in this pipeline. Access pipeline connects the Jackfish area to Edmontons synthetic crude and light oil market through Sturgeon Terminal

Scope

  • Key Highlights: This section provides detailed analysis on the companys overall oil and gas value chain, new projects, growth opportunities, new ventures, assets performance, hedging strategies, Capex funding, geographical results of oil and gas operations. 
  • Goals and Strategies: This section provides the upcoming goals and strategies of the company. The section mainly goals and strategies followed by the company in order to meet its upcoming goals. 
  • SWOT: The reports SWOT section provides the internal strength, weakness, opportunities and threats of company to reflect its strategic positions in the market. 
  • Production and Development Overview: This section highlights the companys crude oil and natural gas production forecast from its legacy and upcoming assets by region and commodity mix for next five years. The report also covers the detailed information and analysis on the companys producing and development assets. 
  • Exploration: This section includes detailed explanation and analysis on the companys exploration assets resulted due to new discoveries, new drilling and other activities. 
  • M&A trends: This section mainly provides information and analysis on the companys recent assets transactions, joint ventures, acquisition, and divestment activities during the last one year. This section highlights the companys status as a buyer or seller during the analyzed period. 
  • Financial Forecast and Valuation: This section highlights the detailed financial statement forecast for next five years. With the financial statement forecast, this section also provides intrinsic value of the company by using Net Asset Valuation method. 
  • Peer Group Analysis: This section compares the companys performance with its peer group on the basis of share prices, financial ratios, operational and financial parameters and other related parameters. 
  • Financial and Operational Metrics: This section covers the companys historical performance on several financial and operational parameters such as Production and Reserves, Reserves Replacement, Costs Incurred, Acreage, Wells, F&D Costs, Oil and Gas Revenue and Expenses etc. 
Reasons to buy

The report will enhance the decision-making capability in a more rapid and time sensitive manner. It will allow you to 

  • Provide detailed analysis to those who are interested in knowing the companies existing and future business strategies.
  • Provide in-depth analysis on the companies E&P profiles along with the exploration and M&A updates. 
  • Provide valuable insights to those who are tracking oil and gas markets and wants to know the intrinsic value of the companies. 
  • Use the analysis for strategy and planning, M&A identifications, and competitor analysis.
Table of Contents

1 Table of Contents 3
1.1 List of Tables 5
1.2 List of Figures 6

2 Devon Energy Corporation, Company Overview 8

3 Devon Energy Corporation, Investment Summary 12
3.1 Utilizing the Technical Expertise in Barnett to Drive Long Term Growth 12
3.2 Balancing the Commodity Mix: Enhanced Focus on Oil and Liquids 13
3.3 Restructuring the Portfolio through Expansion of Core Assets; New Ventures to Favor High Growth in Long Run 16
3.4 Midstream Assets to Support Production Growth 17
3.5 Strategic Divestment Program Provided Comfortable Liquidity Position 18

4 Devon Energy Corporation, SWOT Analysis 21
4.1 Strengths 21
4.1.1 Unconventional Drilling Expertise 21
4.1.2 Operational Efficiency 21
4.2 Weaknesses 22
4.2.1 Production Inclined Towards Natural Gas: Imbalanced Portfolio 22
4.3 Opportunities 22
4.3.1 Shale Plays to Deliver Immense Prospects in Coming Years 22
4.3.2 Enhanced Focus on Oil and Liquids to Drive Future Profitability 23
4.4 Threats 24
4.4.1 Stricter Regulations in Unconventional Drilling May Impact Devons Growth Plans 24

5 Devon Energy Corporation, Goals and Strategies 25
5.1 Increasing Shareholders Value 25
5.2 Unlocking the potential of Exploration Assets 26

6 Devon Energy Corporation, Production Profile 27
6.1 Production Profile 27
6.2 The US 29
6.2.1 Mid Continent 30
6.2.2 Gulf Coast 31
6.2.3 Rocky Mountains 32
6.2.4 Permian Basin 32
6.3 Canada 32
6.3.1 Jackfish 33
6.3.2 Northwest 33
6.3.3 Lloydminster 33
6.3.4 Horn River Basin 33
6.3.5 Deep Basin 33

7 Capital Expenditure 34
7.1 Costs Incurred 35

8 Acreage 38
9 Devon Energy Corporation, Exploration and Development Overview 40
9.1 The US 43
9.2 Canada 45

10 Devon Energy Corporation, M&A Highlights 46

11 Devon Energy Corporation, Forecast Production and Financial Statements 49
11.1 Income Statement (20082015) 50
11.2 Balance Sheet (20082015) 51
11.3 Cash Flow Statement (20082015) 52
11.4 Financial Ratios 53

12 Devon Energy Corporation, Company, Valuation 56
12.1 Net Asset Value 56

13 Devon Energy Corporation, Peer Comparison 59
13.1 Share Price Performance 59
13.2 Operational and Financial Performance 59
13.3 Key Financial and Operational Ratio 61

14 Devon Energy Corporation, Detailed Operational and Financial Metrics 64
14.1 Devon Energy Corporation, Total Oil and Gas Production 64
14.1.1 Total Crude Oil and Natural Gas Production Trend, Q3, 2010-Q3, 2011 64
14.1.2 Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2010-Q3, 2011 65
14.2 Devon Energy Corporation, Crude Oil Production 66
14.2.1 Total Crude Oil Production Trend, Q3, 2010-Q3, 2011 66
14.2.2 Crude Oil Production, By Country/Region, Q3, 2010-Q3, 2011 67
14.3 Devon Energy Corporation, Natural Gas Production 68
14.3.1 Total Natural Gas Production Trend, Q3, 2010-Q3, 2011 68
14.3.2 Natural Gas Production, By Country/Region, Q3, 2010-Q3, 2011 69
14.4 Devon Energy Corporation, Valuation and Financial Data 70
14.4.1 Share Price Performance, 2006-2010 70
14.4.2 Key Valuation Metrics, 2006-2010 71
14.5 Total Oil and Gas, Reserves and Production 72
14.5.1 Total Crude Oil and Natural Gas Production and Reserves Trend, 2006-2010 72
14.5.2 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2006-2010 73
14.5.3 Total Crude Oil and Natural Gas Reserve Changes, 2006-2010 75
14.6 Crude Oil/Liquids Production and Reserve 76
14.6.1 Crude Oil/Liquids Production and Reserve Trend, 2006-2010 76
14.6.2 Crude Oil Production and Reserves By Country/Region, 2006-2010 77
14.6.3 Crude Oil/Liquids Reserve Changes, 2006-2010 79
14.7 Natural Gas Production and Reserve 80
14.7.1 Natural Gas Production and Reserve Trend, 2006-2010 80
14.7.2 Natural Gas Production and Reserves, By Country/Region, 2006-2010 81
14.7.3 Natural Gas Reserve Changes, 2006-2010 83
14.8 Total Crude Oil and Natural Gas Reserves Life Index 84
14.8.1 Total Crude Oil and Natural Gas Reserves Life Index, 2006-2010 84
14.8.2 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2006-2010 85
14.9 Devon Energy Corporation, E&P Costs Trends 87
14.9.1 Upstream Capital Expenditure, 2006-2010 87
14.9.2 Acquisition Costs By Country/Region, 2006-2010 88
14.9.3 Exploration and Development Costs, By Country/Region, 2006-2010 90
14.10 Devon Energy Corporation, Oil and Gas Cost Per boe, $/boe 92
14.10.1 Oil and Gas Cost Per boe, $/boe, 2006-2010 92
14.10.2 Oil and Gas Cost Per boe, $/boe, By Country/Region, 2006-2010 94
14.11 Devon Energy Corporation, Reserve Replacement Ratio 97
14.11.1 Oil and Gas Production Replacement Ratio, 2006-2010 97
14.11.2 Oil and Gas Production Replacement Ratio, By Country/Region, 2006-2010 99
14.12 Devon Energy Corporation, Results of Oil & Gas Operations Trend 103
14.12.1 Oil and Gas Revenue and Expenses, 2006-2010 103
14.12.2 Oil and Gas Revenue and Expenses, By Country/Region, 2006-2010 104
14.13 Oil and Gas Revenue and Expenses, Per boe 109
14.13.1 Oil and Gas Revenue and Expenses, By boe, 2006-2010 109
14.13.2 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2006-2010 110
14.14 Oil and Gas Performance Metrics 114
14.15 Devon Energy Corporation, Land Holdings and Well Data 115
14.15.1 Gross and Net Developed and Undeveloped Acreage, 2006-2010 115
14.15.2 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2006-2010 116
14.16 Well Statistics 119
14.16.1 Producible Oil and Gas Well, 2006-2010 119
14.16.2 Producible Oil and Gas Well, By Country/Region, 2006-2010 120
14.16.3 Exploration and Development Wells Drilled, 2006-2010 125
14.16.4 Exploration and Development Wells Drilled, By Country/Region, 2006-2010 126

15 Appendix 128
15.1 Abbreviations 128
15.2 Methodology 129
15.2.1 Coverage 129
15.2.2 Secondary Research 129
15.2.3 Primary Research 129
15.3 Contact Us 129
15.4 Disclaimer 130

List of Tables

 
Table 1: Devon Energy Corporation, Key Events, June 2010January 2012 11
Table 2: Devon Energy Corporation, Major Drilling Activities Profile in Oil and Liquids, 2011 15
Table 3: Devon Energy Corporation, New Plays Activities Profile, 2011 17
Table 4: Devon Energy Corporation, Upcoming Production, 20112015 29
Table 5: Devon Energy Corporation, Capital Expenditure by Region and Segment, $m, 35
Table 6: Devon Energy Corporation, Costs Incurred, $m, 20082010 36
Table 7: Devon Energy Corporation, Reserve Replacement Ratio and Finding and Development 37
Table 8: Devon Energy Corporation, Key Transactions as a Buyer, 20062010 46
Table 9: Devon Energy Corporation, Key Transactions As a Seller, 20072010 47
Table 10: Devon Energy Corporation, Historic and Forecasted Production, 20082015 49
Table 11: GlobalData, Price Forecasts, 20112015 49
Table 12: Devon Energy Corporation, Income Statement ($m), 20082015 50
Table 13: Devon Energy Corporation, Balance Sheet ($m), 20082015 51
Table 14: Devon Energy Corporation, Cash Flow Statement ($m), 20082015 52
Table 15: Devon Energy Corporation, Profitability Ratios, 20082015 53
Table 16: Devon Energy Corporation, Other Financial Ratios, 20082015 54
Table 17: Devon Energy Corporation, Capital Market Ratios, 20092011 55
Table 18: Devon Energy Corporation, Net Asset Value, 2011 57
Table 19: Devon Energy Corporation, NPV of Oil/NGL Reserves, 2011 57
Table 20: Devon Energy Corporation, NPV of Natural Gas Reserves, 2011 58
Table 21: Devon Energy Corporation, NPV of Crude Oil and Natural Gas Reserves, 2011 58
Table 22: Devon Energy Corporation, Sensitivity Analysis on Fair Value ($ per share), 2011 58
Table 23: Devon Energy Corporation, Peer Group Comparison, Operational and Financial 60
Table 24: Devon Energy Corporation, Peer Group Comparison, Financial Ratios, 2010 62
Table 25: Devon Energy Corporation, Total Crude Oil and Natural Gas, Production, Q3, 2010-Q3, 2011 64
Table 26: Devon Energy Corporation, Total Oil & Gas Production, By Country/Region, MMboe, Q3, 2010-Q3, 2011 65
Table 27: Devon Energy Corporation, Total Crude Oil Production, MMbbl, Q3, 2010-Q3, 2011 66
Table 28: Devon Energy Corporation, Crude Oil Production, By Country/Region, MMbbl, Q3, 2010-Q3, 2011 67
Table 29: Devon Energy Corporation, Total Natural Gas Production, Bcf, Q3, 2010-Q3, 2011 68
Table 30: Devon Energy Corporation, Natural Gas Production, By Country/Region, Bcf, Q3, 2010-Q3, 2011 69
Table 31: Devon Energy Corporation, Share Price Performance, 2006-2010 70
Table 32: Devon Energy Corporation, Key Valuation Metrics, 2006-2010 71
Table 33: Devon Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 20062010 72
Table 34: Devon Energy Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2006-2010 74
Table 35: Devon Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2006-2010 75
Table 36: Devon Energy Corporation, Crude Oil Production and Reserves Metrics, MMbbl, 2006-2010 76
Table 37: Devon Energy Corporation, Crude Oil Production and Reserves, By Country/Region, MMbbl, 2006-2010 78
Table 38: Devon Energy Corporation, Crude Oil Reserve Changes, MMbbl, 2006-2010 79
Table 39: Devon Energy Corporation, Natural Gas Production and Reserves Metrics, Bcf, 2006-2010 80
Table 40: Devon Energy Corporation, Natural Gas Production and Reserves, By Country/Region, Bcf, 2006-2010 82
Table 41: Devon Energy Corporation, Natural Gas Reserve Changes, Bcf, 2006-2010 83
Table 42: Devon Energy Corporation, Oil and Gas Reserves Life Index, Years, 2006-2010 84
Table 43: Devon Energy Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2006-2010 86
Table 44: Devon Energy Corporation, Upstream Capital Expenditure, $m, 2006-2010 87
Table 45: Devon Energy Corporation, Proved and Unproved Acquisition Costs, By Country/Region, $m, 2006-2010 89
Table 46: Devon Energy Corporation, Exploration and Development Costs, By Country/Region, $m, 2006-2010 91
Table 47: Devon Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2006-2010 93
Table 48: Devon Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, By Country/Region, 2006-2010 96
Table 49: Devon Energy Corporation, Oil and Gas Production Replacement Ratio, %, 2006-2010 98
Table 50: Devon Energy Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2006-2010 102
Table 51: Devon Energy Corporation, Revenue and Expenses, $m, 2006-2010 103
Table 52: Devon Energy Corporation, Revenue and Expenses, By Country/Region, $m, 2006-2010 107
Table 53: Devon Energy Corporation, Oil and Gas Revenue and Expenses, $/boe, 2006-2010 109
Table 54: Devon Energy Corporation, Oil and Gas Revenue and Expenses, $/boe, By Country/Region, 2006-2010 113
Table 55: Devon Energy Corporation, Oil and Gas Performance Metrics, 2006-2010 114
Table 56: Devon Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2006-2010 115
Table 57: Devon Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2006-2010 118
Table 58: Devon Energy Corporation, Producible Oil and Gas Wells, 2006-2010 119
Table 59: Devon Energy Corporation, Producible Oil and Gas Wells, By Country/Region, 2006-2010 124
Table 60: Devon Energy Corporation, Exploratory and Developed Wells, 2006-2010 125
Table 61: Devon Energy Corporation, Exploratory and Developed Wells, By Country/Region, 2006-2010 126

List of Figures

 
Figure 1: Devon Energy Corporation, Operating Regions, 2011 8
Figure 2: Devon Energy Corporation, Performance Overview, 20072010 9
Figure 3: Devon Energy Corporation, Share Price Performance, January 2011January 2012 10
Figure 4: Devon Energy Corporation , Barnett Shale Performance Revisions, Bcfe, 20042010 12
Figure 5: Devon Energy Corporation, Jackfish Production and Share in Total Production, 20082015 14
Figure 6: Devon Energy Corporation, Devons Oil and NGLs Production and Share in Devon's Total Production, 2008-2015 16
Figure 7: Devon Energy Corporation, Access Pipeline, Operational Map, Canada, 2011 18
Figure 8: Devon Energy Corporation, Capex, Cash Flow from Operating Activities and Capex 19
Figure 9: Devon Energy Corporation, Inflow, Outflow and Net Cash Position, 20072010 20
Figure 10: Devon Energy, Cost Comparison with Peers, 20062010 22
Figure 11: Devon Energy Corporation, Risked Resource Potential in Shale Plays, Tcfe, 2011 23
Figure 12: Devon Energy Corporation, Dividend Payout, EPS, Dividend Paid, 20062010 25
Figure 13: Devon Energy Corporation, Historic and Forecasted Production, 20082015 28
Figure 14: Devon Energy Corporation, Production Mix (%), 20082015 29
Figure 15: Devon Energy Corporation, Key Areas in the US, 2011 30
Figure 16: Devon Energy Corporation, Key Areas in the Mid Continent, The US, 2011 30
Figure 17: Devon Energy Corporation, US, Key Areas in Gulf Coast, 2011 31
Figure 18: Devon Energy Corporation, Key Areas in Canada, 2011 32
Figure 19: Devon Energy Corporation, E&P Capital Expenditure by Region, $m, 20082010 34
Figure 20: Devon Energy Corporation, Costs Incurred, $m, 20082010 36
Figure 21: Devon Energy Corporation, Reserve Replacement Ratio and Finding & Development 37
Figure 22: Devon Energy Corporation, Net Total Acreage Versus Peers, 2010 38
Figure 23: Devon Energy Corporation, Net Undeveloped and Developed Acreage in the US and 39
Figure 24: Devon Energy Corporation, Net Productive & Dry Exploratory & Development Wells, 40
Figure 25: Devon Energy Corporation, Net Productive & Dry Exploratory Wells, 2010 41
Figure 26: Devon Energy Corporation, Exploration Costs and Development Costs, $m, 20062010 42
Figure 27: Devon Energy Corporation, Comparison of Exploration Costs and Finding and 43
Figure 28: Devon Energy Corporation, Permian Basin, Exploration Activities Map, 2011 44
Figure 29: Devon Energy Corporation, Peer Group Comparison, Relative Share Price 59
Figure 30: Devon Energy Corporation and its peers Operational and Financial Parameters in $/boe, 2010 61
Figure 31: Devon Energy Corporation , Peer Group Comparison, Valuation Ratios, 2010 63
Figure 32: Devon Energy Corporation, Total Crude Oil and Natural Gas, Production, MMboe, Q3, 2010-Q3, 2011 64
Figure 33: Devon Energy Corporation, Total Oil & Gas Production, By Country/Region, MMboe, Q3, 2010-Q3, 2011 65
Figure 34: Devon Energy Corporation, Total Crude Oil Production, MMbbl, Q3, 2010-Q3, 2011 66
Figure 35: Devon Energy Corporation, Crude Oil Production, By Country/Region, MMbbl, Q3, 2010-Q3, 2011 67
Figure 36: Devon Energy Corporation, Total Natural Gas Production, Bcf, Q3, 2010-Q3, 2011 68
Figure 37: Devon Energy Corporation, Natural Gas Production, By Country/Region, Bcf, Q3, 2010-Q3, 2011 69
Figure 38: Devon Energy Corporation, Share Price Performance, USD/Share, 2006-2010 70
Figure 39: Devon Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), 2006-2010 71
Figure 40: Devon Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2006-2010 72
Figure 41: Devon Energy Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, MMboe, 2006-2010 73
Figure 42: Devon Energy Corporation, Total Oil & Gas Production, By Country/Region, MMboe, 2006-2010 73
Figure 43: Devon Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2010 75
Figure 44: Devon Energy Corporation, Crude Oil Production and Reserves Metrics, MMbbl, 2006-2010 76
Figure 45: Devon Energy Corporation, Oil Reserves, End of Period, By Country/Region, MMbbl, 2006-2010 77
Figure 46: Devon Energy Corporation, Oil Production, By Country/Region, MMbbl, 2006-2010 77
Figure 47: Devon Energy Corporation, Crude Oil Reserve Changes, MMbbl, 2010 79
Figure 48: Devon Energy Corporation, Natural Gas Production and Reserves Metrics, Bcf, 2006-2010 80
Figure 49: Devon Energy Corporation, Gas Reserves, End of Period, By Country/Region, Bcf, 2006-2010 81
Figure 50: Devon Energy Corporation, Gas Production, By Country/Region, Bcf, 2006-2010 81
Figure 51: Devon Energy Corporation, Natural Gas Reserve Changes, Bcf, 2010 83
Figure 52: Devon Energy Corporation, Oil and Gas Reserves Life Index, Years, 2006-2010 84
Figure 53: Devon Energy Corporation, Gas Reserve Life Index, By Country/Region, Years, 2006-2010 85
Figure 54: Devon Energy Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2006-2010 85
Figure 55: Devon Energy Corporation, Oil Reserve Life Index, By Country/Region, Years, 2006-2010 86
Figure 56: Devon Energy Corporation, Upstream Capital Expenditure, $m, 2006-2010 87
Figure 57: Devon Energy Corporation, Proved Acquisition Costs, By Country/Region, $m, 2006-2010 88
Figure 58: Devon Energy Corporation, Unproved Acquisition Costs, By Country/Region, $m, 2006-2010 88
Figure 59: Devon Energy Corporation, Development Costs, By Country/Region, $m, 2006-2010 90
Figure 60: Devon Energy Corporation, Exploration Costs, By Country/Region, $m, 2006-2010 90
Figure 61: Devon Energy Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2006-2010 92
Figure 62: Devon Energy Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 94
Figure 63: Devon Energy Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 94
Figure 64: Devon Energy Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 95
Figure 65: Devon Energy Corporation, Proved Reserves Acquisition Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 95
Figure 66: Devon Energy Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2006-2010 97
Figure 67: Devon Energy Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2006-2010 99
Figure 68: Devon Energy Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2006-2010 99
Figure 69: Devon Energy Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2006-2010 100
Figure 70: Devon Energy Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2006-2010 100
Figure 71: Devon Energy Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2006-2010 101
Figure 72: Devon Energy Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2006-2010 101
Figure 73: Devon Energy Corporation, Revenue and Expenses, $m, 2006-2010 103
Figure 74: Devon Energy Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 104
Figure 75: Devon Energy Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 104
Figure 76: Devon Energy Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 105
Figure 77: Devon Energy Corporation, Oil & Gas Revenue, By Country/Region, $m, 2006-2010 105
Figure 78: Devon Energy Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 106
Figure 79: Devon Energy Corporation, Production Costs, By Country/Region, $m, 2006-2010 106
Figure 80: Devon Energy Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 107
Figure 81: Devon Energy Corporation, Oil and Gas Revenue and Expenses, $/boe, 2006-2010 109
Figure 82: Devon Energy Corporation, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2006-2010 110
Figure 83: Devon Energy Corporation, Lifting Cost per boe, By Country/Region, $/boe, 2006-2010 110
Figure 84: Devon Energy Corporation, Annual Net Income per boe, By Country/Region, $/boe, 2006-2010 111
Figure 85: Devon Energy Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2006-2010 111
Figure 86: Devon Energy Corporation, Total DD&A per boe, By Country/Region, $/boe, 2006-2010 112
Figure 87: Devon Energy Corporation, Total Revenue per boe, By Country/Region, $/boe, 2006-2010 112
Figure 88: Devon Energy Corporation, Oil and Gas Performance Metrics, 2006-2010 114
Figure 89: Devon Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2006-2010 115
Figure 90: Devon Energy Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2006-2010 116
Figure 91: Devon Energy Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2006-2010 116
Figure 92: Devon Energy Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2006-2010 117
Figure 93: Devon Energy Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2006-2010 117
Figure 94: Devon Energy Corporation, Producible Oil and Gas Wells, 2006-2010 119
Figure 95: Devon Energy Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2006-2010 120
Figure 96: Devon Energy Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2006-2010 120
Figure 97: Devon Energy Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2006-2010 121
Figure 98: Devon Energy Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2006-2010 121
Figure 99: Devon Energy Corporation, Net Productive Gas Wells, By Country/Region, Number, 2006-2010 122
Figure 100: Devon Energy Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2006-2010 122
Figure 101: Devon Energy Corporation, Net Productive Oil Wells, By Country/Region, Number, 2006-2010 123
Figure 102: Devon Energy Corporation, Exploratory and Developed Wells, 2006-2010 125

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