Devon Energy Corp.

Devon Energy Corp. today reported that additional facilities work at its Jackfish 1 heavy oil project in Alberta, Canada, is now complete and full-scale operations have been restored. The work at Jackfish 1 was related to minor facility repairs the company identified during recent turnaround startup activities. Devon elected to perform the incremental maintenance work that temporarily curtailed production as opposed to [...]

 On September 21, 2018, Swank Capital, LLC, and Cushing® Asset Management, LP, announced the upcoming rebalancing of The Cushing® Energy Index as part of normal index operations. Subsequently, S&P Dow Jones Indices announced that Andeavor would be removed from the S&P 500 Index on October 1, 2018. As a result, after the markets close on September 28, 2018, the constituents of the Index will be rebalanced, and the [...]

Devon Energy Corp. today announced plans to report its third-quarter 2018 results on Tuesday, Nov. 6, after the close of U.S. financial markets. The earnings release and operations report announcing these results will both be available on the company’s website at www.devonenergy.com. On Wednesday, Nov. 7, the company will hold a conference call at 10 a.m. Central Time , which will consist primarily of answers to [...]

Devon Energy Corp. announced today the completion of its initial accelerated share repurchase program that commenced in early August. The ASR program was completed as part of the company’s $4 billion share repurchase authorization expiring at the end of 2019. To date, Devon has repurchased approximately 50 million shares under the authorization at a total cost of $2 billion, with an average share purchase price of [...]

Devon Energy Corp. announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the fourth quarter of 2018. The dividend is payable on Dec. 28, 2018, at a rate of $0.08 per share based on a record date of Dec. 14, 2018. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City [...]

Devon Energy Corp. announced today it has entered into a definitive agreement to sell 9,600 net acres of non-core Delaware Basin acreage in Ward and Reeves County to Carrizo Oil and Gas for $215 million. Net production from these properties is approximately 2,500 oil-equivalent barrels per day . The transaction is expected to close in the fourth quarter of 2018, subject to customary terms and conditions. With this [...]

Devon Energy Corp. announced today that management will present at the Barclays CEO Energy-Power Conference in New York at 10:25 a.m. ET on Wednesday, Sept. 5, 2018. 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 Energy Corp. today reported operational and financial results for the second quarter of 2018. Also included within the release is the company’s guidance outlook for the third quarter and full-year 2018. “Devon is executing at a very high level on our 2020 Vision,” said Dave Hager, president and CEO. “Operationally, our second-quarter performance was headlined by strong well productivity in [...]

Devon Energy Corp. announced today it has completed the sale of its ownership interests in EnLink Midstream Partners, LP and EnLink Midstream, LLC for $3.125 billion to affiliates of Global Infrastructure Partners , a leading global, independent infrastructure fund manager. With the closing of this transaction, the financial results of EnLink Midstream will no longer be consolidated with Devon’s upstream business [...]

DALLAS, June 22, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® Energy Index as part of normal index operations. After the markets close on June 29, 2018, the constituents of the Index will be rebalanced, and the following changes will become effective on July 2, 2018: Cushing® Energy Index constituents, effective July 2 [...]