Highlights & CEO Perspective Q2 Highlights & Outlook U.S. oil production exceeds guidance CEO Perspective Efficiencies drive 2017 capital outlook 100 million lower Positioned to Deliver Free cash flow increases cash balances to 2.4…
Results & Outlook U.S. Oil Production Exceeds Guidance Strong Exit Rates Build Momentum into 2018 Q2 results are highlighted by 8% Based on the strong results YTD, Devon is firmly on track to achieve its full-year 2017 production…
Results & Outlook Shift to Higher-Margin Production Rapidly Expands Cash Flow With the companys aggressive shift to higher-margin production, This higher-value production mix, combined with a significantly liquids are now projected to…
Results & Outlook Free Cash Flow Generation Increases Divestiture Program Advances with 340 Million of Asset Sales Cash Balances to 2.4 Billion The companys financial strength will be In July, Devon took an important step toward In…
Operational Excellence & Technology Leadership Delivering Industry-Leading Well Productivity Led by the STACK, Delaware and Eagle Ford, Devon has delivered the A critical contributor to the best-in-class well productivity is the best…
Operational Excellence & Technology Leadership Technology Initiatives Underway: A Billion Dollar-Plus Annual Prize With the technology and data management initiatives underway, Devon is targeting more than a billion dollars of value…
Operational Excellence & Technology Leadership Efficiencies Offsetting Service Cost Inflation Devon has maximized profitability from its prolific well results by completely offsetting industry inflation in 1H 2017 with innovative…
STACK STACK Production Highlights MBOED 120 35% GROWTH STACK production up 20% YTD Record Privott well reaches 6,000 BOED 105 Updated infill spacing pilot information 95 88 Five multi-zone development projects scheduled to…
STACK Record Privott Well Reaches 6,000 BOED Multi-Zone Projects Building Momentum Showboat Project to Spud in Q3 New well activity in Q2 was highlighted by As the companys STACK assets advance Devon plans to begin drilling Showboat,…
STACK Showboat Project to Spud in Q3 (continued) Jacobs Row to Leverage 10,000 Laterals The average lateral length at Showboat is The next large Woodford development for The project will consist of 40-50 gross wells expected to be…
STACK Woodford Condensate Corridor Value Increases (continued) Economics in the Woodford condensate corridor are enhanced by a high liquids mix that is expected to exceed 60% of EURs. Additionally, a significant portion of the…
Delaware Basin Delaware Basin Production Highlights MBOED 20% GROWTH High-rate wells jumpstart growth in Q2 65 Wolfcamp resource expands by 200% Multi-zone development strategy 56 54 building momentum Accelerating…
Delaware Basin Wolfcamp Risked Resource Expands Multi-Zone Manufacturing Strategy Building Momentum by 200% As the companys Delaware Basin assets transition toward full-field development, an increasing An appraisal well targeting a…
Delaware Basin Completions Underway at Initial Multi- Activity Accelerates at World-Class Rattlesnake Leasehold Zone Project Devon expects its initial Wolfcamp multi- Seawolf is located near Devons record- The company completed…
Delaware Basin Innovative Permitting Strategy Expedites Approvals To accelerate development activity across the This innovative permitting strategy consists This joint effort between Devon and the BLM Delaware Basin, the company…
Rockies POWDER RIVER BASIN ACTIVITY Highlights Increased activity to 2 operated rigs Teapot wells projected at 1,500 BOD(1) Drilling shifting to Turner resource play Accelerating Appraisal Drilling Net production was 18,000…
Rockies A Massive Oil Opportunity (continued) With nearly 5,000 of vertical pay in NE Wyoming, the company Early results from this emerging oil play have also been encouraging possesses significant resource upside, where Devon has…
Cash Flow Generating Assets Summary Devon possesses top-tier cash flow generating assets that reside in HEAVY OIL North Americas best basins (map right). The companys strategy with this grouping of assets is two-fold: 1)…
Cash Flow Generating Assets Eagle Ford Higher Activity Levels to Stabilize Production Net production in the Eagle Ford averaged 63,000 Boe per day and LOE Looking ahead to the second half of 2017, the partnership expects to costs…
Cash Flow Generating Assets Barnett Shale Horizontal Refrac Program Delivering Strong Results Net production in the Barnett Shale averaged 155,000 Boe per day or These refracs increased production per-well by 400% with costs as low…
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