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).
Articles from Devon
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.
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.
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.
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.
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.
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.
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.
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.
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.