Devon

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
Potential Federal Drilling Bans ‘Fraught with Serious Economic Ramifications,’ Says Devon CEO

Potential Federal Drilling Bans ‘Fraught with Serious Economic Ramifications,’ Says Devon CEO

Devon Energy Corp. CEO Dave Hager warned Wednesday that a proposal pushed by some Democratic presidential candidates to ban drilling on federal lands would harm U.S. communities that benefit from oil and gas drilling and impact the broader economy because of “an inevitable spike” in energy costs.

November 6, 2019
Devon Moving STACK Capex to Better Performing Permian, PRB

Devon Moving STACK Capex to Better Performing Permian, PRB

Devon Energy Corp., which has continued to build a more oil-targeted Lower 48 arsenal, said Wednesday it plans to take capital reserved for Oklahoma and move it to the Permian Delaware and Powder River basins.

August 7, 2019

Devon Setting Targets to Reduce Methane Emissions from Lower 48 Operations

Devon Energy Corp., one of the largest Lower 48 independents, said Monday it is establishing avoluntary, company-specific target to reduce methane emissions for its oil and natural gas production operations.

June 10, 2019
Devon Exiting Canada in $2.8B Sale to Canadian Natural

Devon Exiting Canada in $2.8B Sale to Canadian Natural

Oklahoma City-based Devon Energy Corp., whose fortunes today are trained on Lower 48 oil prospects, is selling its Canadian business for $2.8 billion (C$3.8 billion) to Canadian Natural Resources Ltd.

May 29, 2019
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