Devon Energy Corp.’s North American onshore oil production jumped year/year 20% in 2012 as it continued to makeover its natural gas-weighted portfolio to higher margin liquids and oil targets, but more still needs to be done to squeeze the value of its portfolio, CEO John Richels said Wednesday. Oil appears to be the answer, and dry natural gas development still is off the table.
Makeover
Articles from Makeover
Multi-State CNG Effort Drives Bids from Detroit, Overseas
Governors last week fast-tracked efforts to makeover statewide fleets with natural gas vehicles (NGV), announcing Friday that more than 100 bids were issued in the 22-state effort, with Chrysler, Ford, General Motors and Honda all wanting in on the action.
October 8, 2012
A Remade Rosetta Banks on the Eagle Ford
A liquids-focused unconventional oil and gas makeover at Houston-based Rosetta Resources Inc. is showing the company in a much improved light as it continues to ramp up its activities in the Eagle Ford Shale of South Texas, CEO Randy Limbacher told financial analysts last week.
March 7, 2011
A Remade Rosetta Is Banking on the Eagle Ford
A liquids-focused unconventional oil and gas makeover at Houston-based Rosetta Resources Inc. is showing the company in a much improved light as it continues to ramp up its activities in the Eagle Ford Shale of South Texas, CEO Randy Limbacher told financial analysts Monday.
March 1, 2011
El Paso Rolls to 11% Profit Gain, Sets Plan to Shed More E&P
El Paso Corp. strutted its stuff in the second quarter following a total body makeover that turned the once bloated and debt-ridden company into a buff earnings performer.
August 13, 2007
El Paso Rolls to 11% Profit Gain, Sets Plan to Shed More E&P
El Paso Corp. strutted its stuff Tuesday, showing off the results of a total body makeover that turned the once bloated and debt-ridden company into a buff earnings performer.
August 8, 2007
Southern Company Mounting IPO
Frustrated by its inability to attract investors because theyview it as a stodgy utility, Southern Company last week announced amakeover in the form of a spin-off and IPO to create a separatecompany for most of its non-utility businesses.
April 24, 2000
Cinergy Exits OH Retail, Slashes Corporate Staff
Cinergy Corp., the owner of Cincinnati Gas & Electric(CG&E), experienced a corporate makeover recently as it soldits nonregulated retail gas marketing unit, Cinergy Resources, toan integrated energy services cooperative called The EnergyCooperative (TEC) for an undisclosed sum and set plans in motion tocut its corporate center staff by more than 50%.
March 13, 2000
Duke CA Plants to Get Big Ticket Makeover
The bullish prospects for natural gas-fired power generation andthe robust market developing in the merchant plant sector were bothunderscored last week by Duke Energy Power Services’ plans toinvest $700 million in state-of-the-art gas-fired units at two ofits recently purchased merchant sites in California.
December 14, 1998
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