Devon

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.

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.

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.

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.

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.

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.

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.

Devon Energy Corp. has increased its projections for Lower 48 oil production growth to 17% from 2018, up 200 basis points from previous guidance, on improving well productivity and capital efficiencies, particularly in the Permian Basin.

Devon Energy Corp. plans to cast off the asset that brought it to the unconventional dance floor in the early 2000s, the Barnett Shale, along with the Canadian portfolio, to complete its transformation into a pure-play U.S. oil producer.