Determining whether Lower 48 state natural gas onshore production is falling is proving to be a difficult task because of the variable winter, but the aggregate amount of production curtailments from well freeze-offs “point to peak supply losses of as much as 1.8 Bcf/d,” according to Barclays Capital.
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Devon Energy Selling Some TMS Acreage
Devon Energy Corp. is selling Tuscaloosa Marine Shale (TMS) assets in Louisiana and Mississippi, offering about 297,000 net acres (nearly 95% undeveloped) within the unconventional oil play, and production of about 600 b/d, according to the offering by Scotia Waterous (USA) Inc.
January 31, 2013
Drilling Success, Asset Sales Highlight Devon’s 3Q
Devon Energy Corp.’s 98% drilling success, combined with the completed sales of $239 million in non-strategic assets, guided the Oklahoma City-based independent above estimated earnings per share (EPS) and cash flow targets in the third quarter.
November 11, 2002
Drilling Success, Asset Sales Highlight Devon’s 3Q
Devon Energy Corp.’s 98% drilling success, combined with the completed sales of $239 million in non-strategic assets, guided the Oklahoma City-based independent above estimated earnings per share (EPS) and cash flow targets in the third quarter.
November 8, 2002
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