Summary
This amended Form 10-K/A filing for Devon Energy Corporation (DVN) as of December 31, 2009, primarily serves to correct and enhance previously filed exhibits related to the company's oil and gas reserves. The amendments address limitations on exhibit use, include previously omitted benchmark and weighted average pricing data, clarify the proximity of third-party engineering estimates to the company's own, and refine the terminology used for engineering methods. Importantly, this amendment does not update or reflect events occurring after the original filing date of February 25, 2010, and should be read in conjunction with the original report.
Financial Highlights
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Financial Statements
Beta
| Revenue | $8.02B |
| Operating Expenses | $12.54B |
| Operating Income | -$2.75B |
| Interest Expense | $437.00M |
| Net Income | -$2.48B |
| EPS (Basic) | $-5.58 |
| EPS (Diluted) | $-5.58 |
Key Highlights
- 1Amendment filed to revise exhibits related to oil and gas reserve estimates.
- 2Includes previously omitted benchmark and weighted average pricing information.
- 3Clarifies that third-party engineering estimates are within 10% of company estimates.
- 4Refined terminology for petroleum engineering methods and procedures.
- 5The filing is an amendment and does not contain updated financial information or reflect events post-original filing date.
- 6Devon Energy is a large accelerated filer with a significant market capitalization as of June 30, 2009.
Frequently Asked Questions
This filing (Form 10-K/A) is an amendment to the original 2009 annual report. Its main purpose is to correct and enhance specific exhibits related to the company's oil and gas reserves, including adding pricing data and clarifying engineering estimates.
No, this amendment does not update the financial disclosures or reflect any events that occurred after the original filing date of February 25, 2010. Investors should refer to subsequent filings for updated information.
The amendments include crucial pricing data (benchmark and weighted average prices), a statement affirming that third-party engineer estimates are within 10% of Devon's estimates, and refined language regarding petroleum engineering practices. It also removes prior limitations on the use of these exhibits.
Yes, based on the provided information, Devon Energy is classified as a large accelerated filer. The aggregate market value of its common stock held by non-affiliates was approximately $24.0 billion as of June 30, 2009, indicating a substantial market capitalization.