Devon

Devon Talks Growth in Permian, STACK, Puts $1B of Noncore Assets on Auction Block

Devon Talks Growth in Permian, STACK, Puts $1B of Noncore Assets on Auction Block

Devon Energy Corp. expects to ramp up to 20 rigs by the end of 2017 as it focuses on oilier opportunities in the Permian Basin and Oklahoma’s STACK (aka, the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties).

May 4, 2017
Devon Raises Meramec Inventory by 40%, Showboats Leonard Shale Potential in Permian

Devon Raises Meramec Inventory by 40%, Showboats Leonard Shale Potential in Permian

Devon Energy Corp more than doubled its rig count in the U.S. onshore between September and December and may nearly double it again by year’s end to accelerate unconventional activity, management said Wednesday.

February 15, 2017

Senate Dems Ask EPA Nominee Pruitt to Detail Ties to Energy Industry

Democrats who serve on the Senate Environment and Public Works Committee are calling on Oklahoma Attorney General (AG) Scott Pruitt, who is President-elect Trump’s pick to head the Environmental Protection Agency (EPA), to detail his ties to the oil and gas industry.

December 28, 2016
Devon Bullish on Permian’s Delaware After Leonard Shale Spacing Test

Devon Bullish on Permian’s Delaware After Leonard Shale Spacing Test

With a spacing test in southeastern New Mexico further delineating the stacked-play potential of its acreage, Devon Energy Corp. said it could ramp up to 10 rigs in the Permian Basin’s Delaware sub-basin by year-end 2017.

December 7, 2016

Devon to be Repaid and Retreat from Badger-Two Medicine Development

The Department of Interior on Wednesday reached a milestone settlement with Devon Energy Corp. to cancel 15 oil and natural gas leases in northwest Montana, an area considered sacred by the Blackfeet Tribe.

November 16, 2016

Devon Ready to Double U.S. Onshore Rig Count; STACK Output Jumps 38%

Devon Energy Corp., which ran five rigs in the U.S. onshore during the third quarter, may have as many as 10 in operation by year’s end, the Oklahoma City-based independent said Tuesday.

November 2, 2016
Devon’s Meramec in Overdrive With Record-Setting Well, Second Spacing Pilot

Devon’s Meramec in Overdrive With Record-Setting Well, Second Spacing Pilot

Devon Energy Corp. has brought online another successful spacing pilot and a record-setting well, both within the over-pressured Meramec formation within Oklahoma’s prolific stacked reservoirs.

July 19, 2016

Devon Nabs $1.1B For Access Pipeline, to Accelerate Investments in U.S. Onshore

Devon Energy Corp. achieved a better-than-expected price for its Access Pipeline system in Canada, freeing up funds to expand U.S. onshore exploration efforts.

July 14, 2016

Devon to Take $1B for Natural Gas-Weighted Properties in East Texas, Permian, Granite Wash

Devon Energy Corp. is selling almost $1 billion of natural gas-weighted upstream assets in East Texas, the Permian Basin’s Midland sub-basin and in the Anadarko Basin’s Granite Wash formation, which together produce about 37,000 boe/d.

June 6, 2016
Devon Boosts Onshore Production Guidance by 3%, While LOE Declines by 21%

Devon Boosts Onshore Production Guidance by 3%, While LOE Declines by 21%

Devon Energy Corp. has raised its full-year production guidance by 3% after exceeding midpoint expectations for North American natural gas, liquids and oil output, led by outperformance in Oklahoma’s stacked reservoirs.

May 4, 2016