2010 Guidance
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 August 4, 2010. A link to that filing is provided below.
— Form 8-K - Filed 08.04.10
In addition to the 2010 full year estimates provided in the abovementioned Form 8-K, Devon provided the following estimates during the company's August 4, 2010, earnings conference call and webcast:
— Production is expected to be between 610,000 to 620,000 barrels of oil equivalent per day in the third quarter of 2010 and 625,000 to 635,000 in the fourth quarter of 2010.
—Oil price realizations are expected to approximate 95% of WTI in the United States and 70% of WTI in Canada in the third quarter of 2010.
— Lease operating expenses is expected to be between $7.20 and $7.50 per barrel in the second half of 2010.
— DD&A expense is expected to be between $6.90 and $7.20 per barrel in the second half of 2010.
— Interest expense is expected to be between $80 and $85 per quarter during the second half of 2010.
For a detailed 2010 and 2011 hedging schedule please click here