Deals - Acquisition, Mergers, Divestitures | Production Rates
Devon Sells Wind River/CO2 Oil Asset; Production Update
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Devon said it sold its Wind River asset in Wyoming for an undisclosed amount. The transaction closed on March 3, 2021 and produced 2 mbo/d.
Devon provided an update guidance its full year 2021 production forecast. The company has restored its production to pre-storm levels and expects the weather-related downtime to be confined to the first quarter. The company expects first quarter production to be reduced by 8% as a result of the severe winter condition.
Devon now expects oil production in the first quarter to be 261-265 Mbo/d and total production to range 485 - 499 Mboe/d. As you might remember, this is the same guidance the company provided a few weeks ago. No change.
Initial 1Q'21 Guidance provided - below
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