Archive for the ‘Devon Energy Corp’ Category
Devon Energy Corp., Oklahoma City, has set a methane-intensity rate target for its US oil and natural gas production operations of 0.28% or lower by 2025. In 2018, Devon’s methane-intensity rate was estimated at 0.32%, which is pending US Environmental…
CNRL agrees to buy Devon’s Canadian assets
May 29th, 2019 by Latest News
Canadian Natural Resources Ltd. will increase its crude oil production capacity by 128,300 b/d before royalties with the purchase of Devon Canada for $3.775 billion (Can.) cash. Devon Energy announced early this year its plan to shed Canadian oper…
Devon to shed assets, focus on US oil
February 20th, 2019 by Latest News
Devon Energy Corp. plans by yearend to sell or spin off its heavy oil properties in Canada and gas production in the Barnett shale to focus on US oil. The company has hired advisors for each group of assets to be separated. It will open data rooms by t…
Devon Energy Corp., Oklahoma City, completed additional facilities work at its Jackfish 1 heavy oil project in the southern Athabasca oil sands region of Alberta, and full-scale operations have been restored. The work was related to minor facility repa…
Carrizo Oil & Gas Inc., Houston, has agreed to acquire certain Delaware basin properties from Devon Energy Corp. for $215 million in cash. The deal includes 10,600 gross acres—9,600 net with 90% operated—in Reeves and Ward counties, 94% o…
An affiliate of independent infrastructure fund manager Global Infrastructure Partners (GIP) has entered into an agreement with Devon Energy Corp. to acquire Devon’s aggregate ownership interests in EnLink Midstream Partners LP and EnLink Midstream LLC…
Devon Energy Corp. expects to increase net production in its Oklahoma STACK development to more than 120,000 boe/d by yearend, bringing an estimated 25 wells online in the fourth quarter.
Devon Energy Corp., Oklahoma City, reported total net earnings of $565
million in this year’s first quarter. Adjusted earnings totaled $217
million, while operating income was $706 million.
Oklahoma City, Okla., independent Devon Energy Corp. reported on plans to divest $1 billion-worth of upstream assets including noncore portions of the Barnett shale area focused mainly around Johnson County as well as other properties in the company’s US resource base.