Devon Energy

Devon Raises Natural Gas, Oil Production Forecast, with Capex Ticking Up on Inflation

Devon Raises Natural Gas, Oil Production Forecast, with Capex Ticking Up on Inflation

On the back of strong performance in the Permian Basin, Devon Energy Corp. reported higher natural gas and oil production during the second quarter, with efficiencies helping to hold the line on costs. “The second quarter saw our business continue to strengthen and build momentum as we delivered systematic execution across the financial, operational and…

August 3, 2022
Devon Paring Flared Gas, Freshwater Use in Permian Completions to Reach Net-Zero Carbon Goals

Devon Paring Flared Gas, Freshwater Use in Permian Completions to Reach Net-Zero Carbon Goals

Oklahoma City-based Devon Energy Corp. on Monday joined many of its Lower 48 oil and gas peers in establishing environmental performance targets to reduce the carbon intensity of its operations and cut overall emissions from its supply chain. By 2030 the onshore producer plans to reduce methane emissions intensity by 65%. Flaring intensity is set…

June 22, 2021
Devon All In on Permian Delaware, with Most Capital, Rigs Set for New Mexico, Texas

Devon All In on Permian Delaware, with Most Capital, Rigs Set for New Mexico, Texas

The Permian Basin will be the go-to target for Devon Energy Corp. this year, with 80% of this year’s capital budget and nearly all of the rigs directed to the massive formation.  The Oklahoma City-based independent issued its legacy fourth quarter and full-year results last week. Results from WPX Energy Inc., which completed its merger…

February 23, 2021