Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2018
Devon Unveils 'Disciplined' 2018 Capital Plans; Focus on Delaware, STACK
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Devon reported its 2018 outlook as well as its Q4 2017 results.
2018 Plans- 2018 Capex: $2.2-2.4 billion (up +12% from $2.0-2.1 billion in 2017)
This disciplined capital program is expected to be self-funded at a $50 WTI price deck.- 2018 Production Guidance: ~685 MBOEPD (up +25% from 2017)*
Devon's upstream capital plans are expected to drive U.S. oil production growth of approximately 14% compared to 2017. The trajectory of Devon's U.S. oil production profile is expected to steadily advance throughout the year and exit 2018 at rates more than 25% higher than the 2017 average.* This is an estimate due to Devon not releasing its exact production guidance for the full year 2018
Q4 Highlights Devon's net production averaged 548,000 Boe per day in the fourth quarter of 2017. Of…- ✓ Full news archive — U.S., Canada & international coverage
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