Devon Energy Corp. announced today that shareholders have elected John Krenicki Jr. to the board of directors. The board previously nominated Krenicki, and shareholders approved his selection at the company’s annual meeting today, during which the company’s existing board members were re-elected to one-year terms. The addition of Krenicki expands Devon’s board to 10 members, of whom eight are independent [...]
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 2018. The dividend is payable on Sept. 28, 2018, at a rate of $0.08 per share based on a record date of Sept. 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 an agreement to sell its aggregate ownership interests in EnLink Midstream Partners, LP and EnLink Midstream, LLC to an affiliate of Global Infrastructure Partners , a leading global, independent infrastructure fund manager for $3.125 billion. In conjunction with this sale agreement, Devon’s board of directors has increased the size of the company’s [...]
Devon Energy Corp. announced today that management will present at the J.P. Morgan Energy Conference in New York at 3:20 p.m. ET on Monday, June 18, 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 [...]
Devon Energy Corp. announced today that management will present at the UBS Global Oil and Gas Conference in Austin, Texas, at 12:30 p.m. CT on Wednesday, May 23, 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 [...]
Devon Energy Corp. announced today that management will present at the Citi Global Energy and Utilities Conference in Boston at 8:45 a.m. ET on Wednesday, May 16, 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 [...]
Devon Energy Corp. today reported operational and financial results for the first quarter of 2018. Also included within the release is the company’s guidance outlook for the second quarter and full-year 2018. “Devon delivered oil production at the high end of guidance and accelerated efficiency gains across the portfolio in the first quarter,” said Dave Hager, president and CEO. “Our performance [...]
Devon Energy Corp. today announced plans to report its first-quarter 2018 results on Tuesday, May 1, 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, May 2, the company will hold a conference call at 10 a.m. Central Time , which will consist primarily of answers to [...]
Devon Energy Corp. today announced the consideration payable in connection with its previously announced tender offers to purchase for cash up to an aggregate principal amount of the securities listed in the table below that would not result in the aggregate amount that all holders of the Notes are entitled to receive, excluding accrued and unpaid interest, for their Notes that are validly tendered and accepted for [...]
Devon Energy Corp. today announced the early tender results for its previously announced tender offers to purchase for cash up to an aggregate principal amount of the securities listed in the table below that would not result in the aggregate amount that all holders of the Notes are entitled to receive, excluding accrued and unpaid interest, for their Notes that are validly tendered and accepted for purchase in the Tender [...]
Devon Energy Corp. announced today that its board of directors approved a 33 percent increase in its quarterly common stock dividend beginning in the second quarter of 2018. The new quarterly dividend rate will be $0.08 per share, compared to the prior quarterly dividend of $0.06 per share. The increased dividend is payable on June 29, 2018 to shareholders of record as of the close of business on June 15, 2018. Devon also [...]
Devon Energy Corp. announced today it has entered into a definitive agreement to sell the southern portion of its Barnett Shale position for $553 million. The transaction is subject to customary terms and conditions and is expected to close in the second quarter of 2018. “Combined with other recent asset sales, divestiture proceeds associated with our 2020 Vision have now reached $1.0 billion,” said Dave [...]