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 [...]
Devon Energy Corp. today announced that it has commenced tender offers to purchase for cash up to an aggregate maximum repurchase amount of $1.0 billion for the securities listed in the table below . U.S. Early Principal Acceptance Treasury Bloomberg Tender Title of CUSIP Series Tender Amount Priority Reference Reference Fixed Payment Security Number Cap Outstanding Level Security Page Spread 7.875% debentures due 2031 [...]
Devon Energy Corp. today announced a three-year business outlook through the year 2020 and its detailed capital and production outlook for 2018. Additionally, the company reported operational and financial results for the fourth quarter and full-year 2017. Three-Year Outlook Highlights More detailed commentary regarding Devon’s three-year business outlook is available within its fourth-quarter 2017 operations report [...]
Devon Energy Corp. announced today that during the fourth quarter of 2017, the company changed its method of accounting for oil and gas exploration and development activities from the full-cost methodology to successful efforts. Fourth-quarter and full-year 2017 results, which will be released Feb. 20, 2018, will reflect this accounting change. The company will provide more detailed information related to its conversion [...]
Devon Energy Corp. today announced plans to report its fourth-quarter and full-year 2017 results on Tuesday, Feb. 20, 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, Feb. 21, the company will hold a conference call at 10 a.m. Central Time , which will consist primarily [...]
Devon Energy Corp. announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2018. The dividend is payable on March 29, 2018, at a rate of $0.06 per share based on a record date of March 15, 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 brought online a high-rate Lower Meramec oil well offsetting its Coyote development in the over-pressured oil window of the STACK play. The Faith Marie 1-H resides directly adjacent to the company’s Coyote development project in Blaine County and achieved a peak 24-hour rate of 5,100 oil-equivalent barrels per day. The projected 30-day rate for this 9,000-foot lateral well [...]
Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the third quarter of 2017. Also included within the release is the company’s guidance outlook for the fourth quarter of 2017. Highlights Production exceeds midpoint of hurricane-adjusted guidance 50 high-rate wells brought online with average rates exceeding 2,100 Boe per day Capital expenditures were 12 percent below guidance year [...]
Devon Energy Corp. (NYSE: DVN) announced today that President and Chief Executive Officer Dave Hager will present at the Bank of America Merrill Lynch Global Energy Conference in Miami on Thursday, Nov. 16, 2017 at 2:05 p.m. ET. The event 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 [...]
Devon Energy Corp. (NYSE: DVN) today announced plans to issue its third-quarter 2017 earnings news release on Tuesday, Oct. 31, after the close of U.S. financial markets. Please note as soon as practicable after the news release is issued, Devon will post an operations report to its website at www.devonenergy.com. On Wednesday, Nov. 1, the company will hold a conference call at 10 a.m. Central Time (11 a.m. Eastern Time [...]
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