Operator · Barnett Shale, Bone Spring & Cana - Woodford Shale
Devon Energy Corp
80 articles mentioning Devon Energy Corp · Page 2 of 4
Devon Energy Q2 2020 Results; Cuts Another $25MM from Capex
Devon Energy Corp. reported its Q2 2020 results. Cuts 2020 Capex Again, Raises Oil Production Guidance Devon is lowering its full-year 2020 E&P capital expenditure guidance to a range of $950 million to $1 billion, a...
From the Presentation Manager: Key Slides from EOG, Devon, Murphy, Laredo
This week, we pulled several key slides from our Presentation Manager. They are from the latest presentations of several E&Ps, including: EOG Resources, Murphy Oil Corp., Laredo Petroleum and Devon Energy Corp. EOG Resources EOG does...
Impairments MONITOR : Devon, Concho, Centennial, Southwestern, Parsley, Diamondback
We are tracking impairment charges by company. Latest in Impairments
Devon Energy First Quarter 2020 Results
Devon Energy Corp. reported its Q1 2020 results. First-Quarter Highlights Efficiencies drove upstream capital expenditures 12 percent below midpoint guidance First-quarter oil production exceeded guidance by 3,000 barrels per day Operating cash flow increased 21 percent...
Amid Low Prices, Operator to Drill & Complete 200 Wells; Plus 100 DUCs
Devon Energy provided an updated look at its 2020 plan. The company has cut its planned 2020 spending twice already this year - once in early March (cut $500MM from budget, leaving $1.3B) and then again...
April 2020 Update : Acquisition, Divestiture and Mergers Update
As a result in of the dramatic fall in prices we are seeing deals get re-negotiated. In this report, we looked at the latest A&D deals. Plus trends that includes total deals by quarter vs the...
Devon to Receive Less for Barnett Assets; Close Date Extended to Year-End 2020
Devon Energy Corp. and Banpu Kalnin Ventures announced an amendment to the existing terms of their Barnett Shale deal. This is not a surprising considering other deals have been either restructured or fell apart completely. As...
Devon Trims Another $300MM from 2020 Capex; Defers Eagle Ford Activity
Devon Energy Corp. provided updates to its 2020 capital expenditure outlook and hedge position. Devon has cut its capital expenditures by an additional $300 million for the full-year 2020. The revised capital outlook of approximately $1...
Devon Lowers 2020 Capex by $500MM; STACK, PRB to Take Biggest Hit
In response to the challenging commodity price environment, Devon Energy has announced an immediate decrease in capital spending of $500 million for the full-year 2020. The revised capital budget of approximately $1.3 billion represents a decline...
STACK E&Ps; Outline 2020 Dev Plans; Rigs & Completions Counts
What a difference a year has made, especially when it comes to the Anadarko Basin. Below is chart showing the 2020 vs. 2019 completion programs for some of the STACK/SCOOP operators. Activity has seen a dramatic...
Devon Cuts STACK, Up Permian For 2020; G&A per BOE Costs Unusually High
Devon Energy Corp. has detailed its 2020 plans. 2020 Details Extremely High G&A Expenses per BOE: Devon's G&A per BOE is at $3.9/boe currently. For comparison, its competitors Diamondback and Concho come in at $1.01 and...
Several E&P's Talk Oilfield Water Management Strategies
The oilfield water market is heating up and E&P companies are actively talking / thinking about different strategies. The main question being asked is whether to take the cash now (from a sale) and risk higher...
Mergers & Acquisitions Review: Q4 & Full Year 2019 - Deal Count Falls
Shale Experts tracked $92.4 billion in transactions in 2019. In Q4 2019 we saw an interesting trend where the appetite for M&A increased to the highest since 2017. See chart below. Q4 2019 Deal Activity US...
STACK E&P Slashes Rig Count from 5 to 0; Looking for Drilling Partner
During its most recent 3Q analyst call, Devon Energy Corp. provided an update on its STACK asset. A few things to remember, the company allocated $333 million (see chart below) this year to the play and...
Devon's Permian, Powder River Output Jumps in Q3; Gets Nearly 20% Oilier YOY
Devon Energy Corp. reported its Q3 2019 results. Highlights Operating cash flow totaled $597 million, a 22 percent increase compared to the second quarter Free cash flow generation reached $56 million in third quarter $100 million...
Devon Promotes Harris to VP of E&P as Vaughn Retires
Devon Energy Corp. announced that David Harris has been appointed to the position of executive vice president, exploration and production. Tony Vaughn previously served in this role and will retire from Devon after 20 years of...
Devon Energy Reports Q2 2019 Results; Lowers 2019 Capex by $50MM
Devon Energy Reports Second-Quarter 2019 Results Highlights Production above guidance; capital spending below guidance Delaware Basin volumes advance 58 percent year over year Oil production guidance raised for second time in 2019 Capital spending outlook lowered...
Devon Touts Bone Spring IP24s of 10,000 BOEPD in Q1; Adds Rigs in Eagle Ford, PRB
Devon Energy reported its Q1 2019 results. Highlights are below. Highlights: Five "Prolific" Bone Spring Wells: These wells averaged initial 24-hour production rates in excess of 10,000 BOEPD, of which approximately 80% oil. Added third rig...
Operator Flows Pair of 8,700 BOPD Wells in the Permian
Devon Energy is at it again - the company recently completed two news wells in the Permian. ALLEY CAT 17 20 FEDERAL COM 215H 215H and the STRAY CAT 8 5 FEDERAL COM 213H 213H wells...
Devon Nominates Two New Potential Board Members
Devon Energy announced that Ann G. Fox and Keith O. Rattie have been nominated to stand for election to the board at the company's annual meeting of stockholders on June 5. Devon announced in November that...