Deals - Acquisition, Mergers, Divestitures | Production Rates
Devon Sells Wind River/CO2 Oil Asset; Production Update
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
Category | 2023 | 2024Est. Initial | Updated 2024 Guidance | %Difference (2023 vs 2024) |
Total Capital Expenditure($mm) |
Production Daily Equivalent(boe/d) | ||||
Production Oil(bbls/d) |
Recent Deals/Transactions
Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
---|---|---|---|---|---|
02/12/2024 | E&P | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | |||
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01/11/2024 | E&P | Chesapeake To Acquire Southwestern Energy | |||
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01/04/2024 | E&P | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | |||
12/15/2023 | E&P | TG Natural Resources To Acquire backed-Rockcliff Energy II For $2.7 Billion | |||
12/15/2023 | E&P | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | |||
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11/21/2023 | E&P | Northern Oil Acquires Additional Permian Working Interest; Enters Utica | |||
Total |