Devon

ConocoPhillips, Devon and Pioneer Natural Throw Support to Global Methane Initiative

ConocoPhillips, Devon and Pioneer Natural Throw Support to Global Methane Initiative

Three of the largest Lower 48 producers have joined worldwide oil and gas peers in pledging to improve methane emissions reporting and reduce greenhouse gas (GHG) emissions. ConocoPhillips, Devon Energy Corp. and Pioneer Natural Resources Co. announced Thursday they were becoming members of the Oil and Gas Methane Partnership (OGMP) 2.0 Initiative. The OGMP standard…

July 19, 2022
Permian Natural Gas May Get Another Outlet with Matterhorn FID

Permian Natural Gas May Get Another Outlet with Matterhorn FID

A consortium of oil and natural gas firms is moving forward with plans to develop a greenfield 2.5 Bcf/d intrastate natural gas pipeline from the Permian Basin in West Texas to the Katy area, near Houston. The project still needs state approvals. Sanctioning of the Matterhorn Express Pipeline was announced Thursday by partners WhiteWater Midstream…

May 23, 2022
Devon Eyeing LNG Opportunities, Maintaining Focus in Permian

Devon Eyeing LNG Opportunities, Maintaining Focus in Permian

Oklahoma City-based Devon Energy Corp. reported steady growth in the first quarter, especially from its Permian Basin assets. However, the company is holding firm to its “value over volume” approach, choosing to maintain its production and capital investment levels. Despite heightened global oil and gas prices because of the Russian invasion of Ukraine and calls…

May 3, 2022
Global Markets – Not U.S. E&Ps – Sending Pump Prices Higher, Say Top Energy Execs

Global Markets – Not U.S. E&Ps – Sending Pump Prices Higher, Say Top Energy Execs

U.S. oil and natural gas producers don’t set global commodity prices, nor are they attempting to gouge consumers, executives of the leading domestic explorers told Congress on Wednesday. Top executives of BP America Inc., Chevron Corp., Devon Energy Corp., ExxonMobil, Pioneer Natural Resources Co. and Shell USA Inc. discussed the reasons for sustained high prices…

April 6, 2022
Devon Prioritizing Permian, Deferring Operations in Anadarko, Eagle Ford and PRB

Devon Prioritizing Permian, Deferring Operations in Anadarko, Eagle Ford and PRB

Lower 48 independent Devon Energy Corp., whose broad portfolio stretches across Texas, and into the Anadarko and Powder River (PRB) basins, has curtailed 10,000 b/d of oil through at least June, with future shut-ins to be made on a month-to-month basis given ongoing price volatility.

May 6, 2020
Devon Revamps Barnett Sale to BKV with Closing Extended to December

Devon Revamps Barnett Sale to BKV with Closing Extended to December

Devon Energy Corp. has amended the terms of its Barnett Shale asset sale to Thailand’s Banpu Kalnin Ventures (BKV), with the Oklahoma City-based independent agreeing to divest the North Texas assets for $570 million in cash at closing and contingent payments of up to $260 million.

April 15, 2020

4Q2019 Earnings: Devon Trains 2020 Focus on Permian Delaware

With the Barnett Shale sale completed, Devon Energy Corp. has transformed into a Lower 48 oil-rich powerhouse, with the Permian Basin set to drive performance this year, CEO Dave Hager said Wednesday.

February 19, 2020

BKV Deal for Devon’s Barnett Assets Said Potential Opening for LNG Exports to Thailand

Oklahoma City-based Devon Energy Corp., which gained entry into the unconventional natural gas business in 2002 with what at the time was a megadeal in the Barnett Shale, has agreed to sell the legendary assets in North Texas to Thailand’s Banpu Kalnin Ventures (BKV) for $770 million.

December 20, 2019

Devon Exits Barnett, Thailand’s BKV Expands Stakes in Lower 48 Natural Gas

Oklahoma City-based Devon Energy Corp., which gained entry into the unconventional natural gas business in 2002 with what at the time was a megadeal in the Barnett Shale, has agreed to sell the legendary assets in North Texas to Thailand’s Banpu Kalnin Ventures (BKV) for $770 million.

December 18, 2019

Devon Gains Funding Partner in Dow to Develop Oklahoma’s STACK

Devon Energy Corp. said Tuesday it plans to develop a portion of its Oklahoma properties with joint venture partner Dow Inc. within the STACK, aka the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties.

December 12, 2019
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