Devon Energy Corp. today reported financial and operational results for the second quarter 2020. The company’s earnings release, supplemental financial tables and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. These materials will also be available on the Securities and Exchange Commission's website. The company’s second-quarter conference call [...]
Devon Energy Corp. today announced it will report second-quarter 2020 results on Tuesday, Aug. 4, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2020 results will be available on the company’s website at www.devonenergy.com. On Wednesday, Aug. 5, the company will hold a conference call at 10 a.m. Central Time , which will consist primarily of answers to questions [...]
Devon Energy Corp. announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the third quarter of 2020. The dividend is payable on Sept. 30, 2020, at a rate of $0.11 per share based on a record date of Sept. 14, 2020. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and [...]
Partnership launches breakthrough hydraulic fracture diagnostic tool DENVER, June 2, 2020 /PRNewswire-PRWeb/ -- Well Data Labs Inc. has entered into a licensing agreement with Devon Energy Corp. to be the exclusive commercial provider of Devon's patent-pending Sealed Wellbore Pressure Monitoring technology. The technology is widely viewed as a powerful tool that will help Exploration and Production companies maximize [...]
Devon Energy Corp. announced today that management will present at the J.P. Morgan Energy, Power & Renewables Conference at 1:40 p.m. ET on Tuesday, June 16, 2020. The presentation will be available to the public via webcast. A link to the webcast will be accessible from Devon’s home page at www.devonenergy.com on the date of the event. The presentation will include forward-looking information. About Devon Energy Devon [...]
Devon Energy Corp. today announced a change in the time and format for its 2020 Annual Meeting of Stockholders. Because of continued concerns about the COVID-19 pandemic, the Annual Meeting will be held solely by remote communication, in a “virtual-only” format. The previously announced date of June 3, 2020, has not changed, but the meeting will now take place at 1 p.m. Central Time rather than 8 a.m. CT. As a safety [...]
Devon Energy Corp. today reported financial and operational results for the first quarter 2020. The company’s earnings release, supplemental financial tables and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. These materials will also be available on the Securities and Exchange Commission's website. The company’s first-quarter conference call will [...]
Devon Energy Corp. will host its first-quarter 2020 earnings conference call one hour earlier than previously announced. The conference call will be held at 9 a.m. Central Time on Wednesday, May 6. The call will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the website [...]
Devon Energy Corp. today announced plans to report its first-quarter 2020 results on Tuesday, May 5, after the close of U.S. financial markets. The earnings release and operations report for the first-quarter 2020 results will be available on the company’s website at www.devonenergy.com. On Wednesday, May 6, the company will hold a conference call at 10 a.m. Central Time , which will consist primarily of answers to [...]
Devon Energy Corp. and Banpu Kalnin Ventures today announced an amendment to the existing terms of their Barnett Shale purchase and sale agreement. Under the amended terms, Devon has agreed to sell its Barnett Shale assets to BKV for up to $830 million of total proceeds, consisting of $570 million in cash at closing and contingent payments of up to $260 million. With the amended terms, Devon will receive an increased [...]
Devon Energy Corp. today provided updates to its 2020 capital expenditure outlook and hedge position. Based on current market conditions, Devon has elected to further reduce its capital expenditures by an additional $300 million for the full-year 2020. The revised capital outlook of approximately $1 billion represents a reduction of nearly 45 percent compared to the companys original 2020 capital budget. The $300 million [...]
Devon Energy Corp. today provided an update regarding its oil and natural gas hedge position. The company has approximately 80 percent of its estimated oil production in 2020 protected at an average floor price of nearly $45 WTI. Additionally, Devon has secured hedges on approximately 40 percent of its estimated natural gas production in 2020 at an average Henry Hub protected floor price of $2.35 per million cubic feet [...]