8-KOther EventsExhibits & Filings

DEVON ENERGY CORP/DE 8-K Report, Corporate Update (Dec 11, 2006)

Filed December 11, 2006For Securities:DVN

Summary

Devon Energy Corporation (DVN) filed an 8-K on December 11, 2006, to furnish a press release dated December 8, 2006. This release provided crucial updates for investors regarding the company's operational and financial outlook. Key information included revised estimates for fourth-quarter 2006 oil and gas production, as well as updated summary production estimates for the years 2006 through 2009. Furthermore, the press release detailed summary estimates for 2006 and 2007 capital expenditures and projected reserve additions. This filing is significant as it offers forward-looking guidance on production levels, investment plans, and the company's ability to replenish its reserves, all of which are critical metrics for evaluating an energy company's performance and future prospects.

Key Highlights

  • 1Devon Energy provided updated oil and gas production estimates for Q4 2006.
  • 2The company revised its summary production estimates for the years 2006 through 2009.
  • 3Updated estimates for 2006 and 2007 capital expenditures were disclosed.
  • 4Summary estimates for 2006 and 2007 reserve additions were provided.
  • 5The information was disseminated via a press release dated December 8, 2006.
  • 6This 8-K filing serves as a mechanism to officially file the press release with the SEC.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially submit Devon Energy's December 8, 2006, press release to the SEC. This press release contains updated information on the company's oil and gas production estimates, capital expenditures, and reserve additions for current and future periods.

The press release, and therefore this filing, updated estimates for fourth-quarter 2006 oil and gas production. It also provided revised summary estimates for the years 2006 through 2009.

The filing includes summary estimates for 2006 and 2007 regarding capital expenditures, which indicate the company's planned investments. Additionally, summary estimates for reserve additions during these years were provided, giving insight into the company's success in replacing produced reserves.

The detailed information from the press release dated December 8, 2006, is attached as Exhibit 99.1 to this Form 8-K filing.