Post Tagged with: "Devon Energy"

Source: Reuters

Devon Energy to buy shale peer WPX for $2.56 billion in Delaware push

Reuters


U.S. oil and gas producer Devon Energy Corp DVN.N said on Monday it will buy Permian basin peer WPX Energy Inc WPX.N for $2.56 billion as it looks to scale up its presence in the Delaware portion of the …

Permian operators slash 2020 plans as oil market craters

Permian operators slash 2020 plans as oil market craters

Enverus

Oil & Gas 360 Publishers Note: This blog from Erin Faulkner at Enverus is an excellent summary of the  top operators in the Permian and their financial updates. Enverus has over 1,700 employees and has customers in over 50

Devon Energy Provides Hedge Position Update

Devon Energy Provides Hedge Position Update

OKLAHOMA CITY, March 19, 2020 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today provided an update regarding its oil and natural gas hedge position. The company has approximately 80 percent of its estimated oil production in 2020 protected at …

Devon joins shale firms to cut spending as oil hovers at $30

Devon joins shale firms to cut spending as oil hovers at $30

Reuters


U.S. oil and gas producer Devon Energy Corp on Thursday cut its 2020 spending forecast by $500 million or nearly 30% to about $1.3 billion, joining its shale peers as the industry battles a slump in crude prices. Shale …

Source: Houston Chronicle

The top company in Texas’ birthplace of shale exits for $770M

Houston Chronicle


Devon Energy is selling its position in Texas’ Barnett shale for $770 million,  leaving the birthplace of the shale revolution without any top industry players.

 

The shale boom started with George P. Mitchell in the Dallas-Fort Worth …

Source: Houston Chronicle

Thousands of acres sealed off following blowout at Eagle Ford Shale well

Source: Houston Chronicle


Thousands of acres of land remain sealed off days after a blowout at a natural gas well located belonging to Devon Energy between the Eagle Ford Shale towns of Yorktown and Nordheim.

The accident happened at a …

Source: Reuters

Investors brace for poor U.S. shale earnings amid weak oil and gas prices

Source: Reuters


(Reuters) – Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.

Major shale producers ConocoPhillips (COP.N) and …

Devon’s Big New Wells Pack a Punch

Devon’s Big New Wells Pack a Punch

5 new wells producing 10 MBOEPD each are adjacent to last year’s 12 MBOEPD wells
By Richard Rostad, analyst, Oil & Gas 360

Devon Energy (ticker: DVN) announced first quarter results today, showing a net loss of $317 million, or

Devon Energy Announces New Director Candidates

Devon Energy Announces New Director Candidates

Ann G. Fox, Keith O. Rattie Nominated for Election to Devon Energy’s Board of Directors

Devon Energy Chairman John Richels to Retire, New Vice-Chairman Named

Devon Energy Chairman John Richels to Retire, New Vice-Chairman Named

Duane Radtke Elected Vice-Chairman of Devon Energy Board; Chairman John Richels to Retire in June 2019

Courtesy of RSP Permian

Heard on the Call: Devon Energy Q2

Devon Energy (NYSE: DVN) and reported Q2 earnings and talked about operations, acquisitions, and returning value to the shareholders.

Q: On Showboat. You did obviously mention there were some I guess a bit stronger declines. Was that related to …

Devon Energy Sells EnLink Midstream Ownership Interests for $3.125 Billion

Devon Energy Sells EnLink Midstream Ownership Interests for $3.125 Billion

Devon Energy Corp. (NYSE: DVN) announced that it has completed the sale of its ownership interests in EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream, LLC (NYSE: ENLC) for $3.125 billion to affiliates of Global Infrastructure Partners (GIP), an …

Devon Adds Former President/CEO of GE Energy to Board

Devon Adds Former President/CEO of GE Energy to Board

From Business NewsWire

Devon Energy Corp. (NYSE: DVN) announced today that shareholders have elected John Krenicki Jr. to the board of directors. The board previously nominated Krenicki, and shareholders approved his selection at the company’s annual meeting today, during which …

June 6, 2018 - 3:03 pm Closing Bell Story‎, Energy News
Eagle Ford, STACK Shine for Devon in Q1

Eagle Ford, STACK Shine for Devon in Q1

Devon targets 20 U.S. operated rigs by year-end

Devon Energy Corp. (ticker: DVN) reported stronger than expected production results Tuesday as the company’s U.S. resources outperformed its earlier guidance. Oil production averaged 261 MBOPD, up 7% sequentially, 5 MBOPD more …

Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

Cheniere’s Midship open season ends March 30

Cheniere Energy’s (ticker: LNG) Midship Pipeline Company, LLC has signed agreements with foundation shippers to support construction of a 200 mile, 36-inch interstate natural gas pipeline project and has launched a binding open …

The STACK and SCOOP Valued at $40 Billion with Upside

The STACK and SCOOP Valued at $40 Billion with Upside

Oklahoma’s STACK and SCOOP plays are dominated by five players – 2nd most active U.S. plays

With roughly 31% of active rigs in the U.S. focusing on the Permian, it’s easy to say plays like the Delaware Basin have …

Devon Energy Monetizes Assets, Raises CapEx and Production Guidance

Devon Energy Monetizes Assets, Raises CapEx and Production Guidance

Pioneer Natural Resources Acquires Midland Basin Acreage with $827 Million Secondary Offering

Devon Energy Corp. has been piling up the assets sales so far in 2016, announcing on June 15, 2016, the most recent divestiture of assets in the Midland …

Devon: On the Way to $3 Billion Goal with $1 Billion Upstream Divestiture

Devon: On the Way to $3 Billion Goal with $1 Billion Upstream Divestiture

Devon Energy divests $1 billion in non-core assets with potentially another $1 billion on the way with the sale of its Access Pipeline interest

Devon Energy (ticker: DVN) announced roughly $1 billion in asset sales today as the company works …

Is the Shale Boom Finally Taking a Breather?

Is the Shale Boom Finally Taking a Breather?

Heavy hitting U.S. shale producers lower production guidance 10% or more for ‘16

U.S. shale producers are beginning to announce production cuts as the global glut is keeping prices lower for longer. There is a marked difference as companies begin …