Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Deals - Acquisition, Mergers, Divestitures | Production Rates

Devon Sells Wind River/CO2 Oil Asset; Production Update

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Monday,March 29,2021

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




Recent Deals/Transactions

Date Annouced Category Headline Buyer(s) Seller(s) Value ($mm)
05/14/2021 E&P Saturn Picks Up 288,000 Oxbow Acres in $93MM Deal 
05/10/2021 E&P Laredo to Sell Interest in Midland Basin Assets for $405 Million 
05/10/2021 E&P Laredo to Acquire PE-Backed Sabalo Energy in $715MM Deal 
05/06/2021 E&P EQT Inks $2.9B Deal for Marcellus Upstream, Midstream Assets; 300K Net Acres 
05/04/2021 E&P Diamondback Unloads Non-Core Permian Assets in $87MM Deal 
05/03/2021 E&P Oasis Inks $745 Million Deal for Diamondback's Bakken Assets 
04/30/2021 E&P Diversified Gas & Oil Picks Up Cotton Valley Assets for $135MM 
04/28/2021 Service & Supply Basic Energy Services to Sell Non-Core Assets, Disposal Wells for $6.6MM 
04/26/2021 E&P SandRidge Acquires ORR Interests from Mississippian Trust I 
04/15/2021 E&P PHX Minerals to Acquire SCOOP Mineral Interests for ~$12MM Cash/Stock 

Latest Transaction News