Saturday, September 27, 2025
Devon Energy CEO to spend less to sustain oil, natural gas production in 2024- oil and gas 360

Devon Energy CEO to spend less to sustain oil, natural gas production in 2024

World Oil (Bloomberg) – Devon Energy Corp. expects to spend less next year to sustain oil and natural gas production as record oil field inflation begins to abate. Costs for drilling rigs and steel used to line the inside of oil wells have come down recently, Chief Executive Officer Rick Muncrief said during an interview with Bloomberg Television on Monday. Still,