Operator · Barnett Shale, Bone Spring & Cana - Woodford Shale
Devon Energy Corp
80 articles mentioning Devon Energy Corp · Page 1 of 4
Devon / Permian Resources Add To Permian Positions
During Q3 2025, both Devon Energy (NYSE: DVN) and Permian Resources (NYSE: PR) deployed capital in the Delaware Basin, but their disclosures show very different ways of thinking about “doing deals.” Devon approached the quarter as...
Shale Experts Frac Maket Forecast 2024
It's that time again, where give you our thoughts based on analysis of what we expect from the frac market/activity this year. As most of you know, we have been doing these forecast since 2012, with...
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside
There are numerous reports speculating how much U.S. oil production will growth in 2024. Well we decided to take a look at the presentations, 4Q 2023 transcripts, press releases from the top E&Ps in the U.S....
Devon Energy Corp. First Quarter 2023 Results
Devon Energy Corp., announced first quarter 2023 results. Highlights Oil production reached an all-time high of 320,000 barrels per day in the first quarter Capital activity headlined by Exotic Cat Raider project that achieved per-well rates...
Devon Chairman Hager to Retire; Barbara Baumann Named to Top Spot
Devon Energy Corp. reported that the company's board of directors expects to appoint Barbara Baumann as chair of the board, succeeding Dave Hager, who has notified the board of his plans to retire from the board...
Devon Energy Second Quarter 2022 Results
Devon Energy Corp. reported financial and operational results for the second-quarter 2022. Key Highlights: Fixed-plus-variable dividend increased by 22 percent to record high of $1.55 per share Share-repurchase program retired 4 percent of outstanding shares since...
Devon Wraps Up $865MM Williston Basin Bolt-On Acquisition
Devon Energy Corp. has completed its previously announced acquisition of the leasehold interest and related assets of RimRock Oil and Gas, LP in the Williston Basin for a total cash consideration of $865 million, less purchase...
Devon Energy First Quarter 2022 Results
Devon Energy Corp. reported financial and operational results for the first-quarter 2022. Highlights: Delaware Basin production growth and margin expansion drove first-quarter financial performance Operating cash flow increased 14 percent to $1.8 billion and free cash...
Devon IDs 2022 Plans; Bets 75% of Upstream Capex on the Permian
Devon Energy Corp. detailed its 2022 capital plans. 2022 Plans - Capex: $2.06-2.44 billion - up 32% vs. 2021 D&C / Upstream: $1.9-2.2 billion - up 11% vs. 2021 Midstream & Other: $80-120 million Environmental Capital:...
Devon Energy Fourth Quarter, Full Year 2021 Results
Devon Energy Corp. reported financial and operational results for the fourth-quarter and full year 2021. Highlights: Operating cash flow tripled in 2021 and free cash flow reached the highest level in Devon’s 50-year history Disciplined capital...
An Early Look at 2022: E&P Budget, Drilling & Completion Plans
Several operators gave a sneak peek of their 2022 capital plans in their Q3 reports. Below is a summary of what the E&Ps are planning for next year. Capital budgets are set to increase and, with...
Devon Energy Third Quarter 2021 Results; 2022 Outlook
Devon Energy Corp. reported financial and operational results for the third-quarter 2021. Outlook - 2021/2022 Devon remains committed to a maintenance capital program and is firmly on track to meet the strategic objectives that underpin its...
Devon Energy Second Quarter 2021 Results
Devon Energy Corp. reported financial and operational results for the second-quarter 2020. Highlights: Efficiency gains drove capital expenditures 10 percent below guidance to $203 million in the quarter Second-quarter oil production totaled 153,000 barrels per day,...
Devon Energy First Quarter 2021 Results
Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first-quarter 2021. The company’s first quarter performance includes results from the merger with WPX Energy that was successfully completed on Jan. 7, 2021....
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....
Devon Energy Board Member Resigns
Devon Energy Corp. reported that D. Martin Phillips, a managing partner of the EnCap Investments, will resign from the company's board of directors effective immediately. The resignation is following a reduction in EnCap's holdings in Devon...
Permian E&P to Drill & Complete 340 Wells in 2021
Devon Energy reported its 2021 capital plans, which includes a surprise move regarding its production plans. 2021 Plan The company is planning "maintenance capital" for 2021, with the midpoint at $1.7 billion (however, this is up...
Devon Energy, WPX Wrap Up $5.63B Merger Deal
Devon Energy Corp. and WPX Energy, Inc. announced the successful completion of their $5.63B all-stock merger of equals. The combined company will operate under the name Devon Energy and be headquartered in Oklahoma City. Executive Chairman...
Devon Energy Third Quarter 2020 Results
Devon Energy Corp. reported its Q3 2020 results. Highlights: Third-quarter oil production totaled 146,000 barrels per day, exceeding midpoint guidance by 6,000 barrels per day Delaware Basin efficiency gains drove capital expenditures below midpoint guidance in...
Devon Completes Sale of Barnett Assets
Devon Energy has completed the sale of its assets in the Barnett Shale to Banpu Kalnin Ventures. Devon received a cash payment of $320 million from BKV at closing, after adjusting for a $170 million deposit...