That’s our government–run by corporations through their lobbyists–and why I supported John Edwards.
Devon Energy Spent $760K on Lobbying
© 2008 The Associated Press
WASHINGTON — Devon Energy Corp. spent $760,000 in 2007 to lobby on deep-water royalties and access to federal land.
The company spent $300,000 in the second half of 2007 to lobby Congress, according to a disclosure form posted online Feb. 14 by the Senate’s public records office. It lobbied on legislation related to royalty payments for deep-water drilling and federal land access.
Devon Energy spent $460,000 in the first six months of 2007 to lobby on similar issues. During the first half of the year, aside from lobbying Congress, it lobbied the Department of the Interior as well.
Lobbyists are required to disclose activities that could influence members of the executive and legislative branches, under a federal law enacted in 1995.Devon Energy posts record earnings
Published Thursday, February 21, 2008
By Denny Deady
Devon Energy Corporation has reported record net earnings of $3.6 billion for the year ending Dec. 31, 2007, a 27 percent increase compared with full-year earnings in 2006.For the quarter ending Dec. 31, 2007, Devon earned a record $1.3 billion. This was 126 percent greater than reported net earnings of $582 million in the fourth quarter of 2006.
“Devon’s 2007 results were exceptional, both financially and operationally,” said J. Larry Nichols, chairman and chief executive. “We set earnings and cash flow records, increased production by 12 percent and drilled 2,440 wells with a 98 percent success rate.”
In the Barnett Shale in North Texas, the company drilled 539 wells in 2007. This included Devon’s 1,000th horizontal well near Boyd in Wise County. Devon has interests in nearly 3,200 producing wells in the Barnett Shale.
Devon said sales from continuing operations of oil, gas and natural gas liquids increased 19 percent to $9.6 billion last year. This compares to sales of $8.1 billion for the same period in 2006.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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Is that a bad thing to make a profit? I wish you liberals could be honest enough with yourselves to sit through a basic economics class and listen. Capitalism is why you have a computer and internet. It’s why you have the freedom to be stupid. And John Edwards? Support the multi-million dollar “profit-from-your-pain” lawyer? At least Devon is doing something for you and the communities they do business in. Who has Edwards helped? Well at least you ‘feel good’ at night for all the bleeding heart ‘goodness’ in you.
Oh wise one! Thank you for your benevolence and words of wisdom. Your party of choice has done such great things for this country.
How have your unregulated, capitalistic ways helped us? Let’s count:
Panel grills meatpacking chief on beef recall at Chino plant
Airline safety checks tightened
According to Alan Greenspan
Finally! Senate Votes For Safer Products
And about that capitalistic mentality: Chase mortgage memo pushes ‘Cheats & Tricks’
OK. I don’t want to count any higher.
What makes you think I have no experience with economics? How arrogant of you!
TXsharon, you’re exactly right. We should quit producing oil and gas, and quit making any profits. That way America can either be completely dependent on foreign oil, or be completely immobile. That would also allow all of those who work in the industry to go work for the government instead. Better yet, all those in the industry you want to shut down can sit at home and collect unemployment. Then the world would be a better place. We can quit driving (like I’m sure you have), because transportation must be evil since vehicles use petroleum products. We should also quit using natural gas to heat and cool our homes, just as I’m sure you have as well.
Hello Devon Employee:
How about you just do a better job of taking care of our VITAL natural resources (vital means the ones we can’t live without). That would make me really happy because I could enjoy my royalty checks without worrying so much about contaminated water and filthy air.
It’s too bad that you guys can’t (or is it won’t) think a little bigger about these issues. It seems the only solutions you guys have are
A. drill and pollute
OR
2. everybody stops working and using electricity and heat.
I’m so glad there are people in charge these days who can think bigger and come up with simple solutions like requiring higher mileage cars, establishing tougher regulations for drilling, and developing alternative energy sources.