Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the first quarter of 2017. Also included within the release is the company’s guidance outlook for the second quarter and full-year 2017. Highlights Oil production from U.S. resource plays exceeds expectations Operational momentum builds with strong results from new well activity Higher-value production expands operating cash flow by [...]
Devon Energy Corp. (NYSE: DVN) announced today its intent to divest approximately $1 billion of upstream assets across its portfolio. The non-core assets identified for monetization include select portions of the Barnett Shale focused primarily around Johnson County and other properties located principally within the company’s U.S. resource base. Devon expects to commence the divestiture program in the second [...]
Devon Energy Corp. (NYSE: DVN) announced today that the company’s board of directors has elected Jeff Ritenour, most recently Devon’s senior vice president of corporate finance, investor relations and treasurer, to the position of executive vice president and chief financial officer, effective immediately. Ritenour has been with Devon since 2001 and has served in his most recent role since 2016. In his 16 [...]
Devon Energy Corp. (NYSE: DVN) today announced plans to issue its first-quarter 2017 earnings news release on Tuesday, May 2, 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, May 3, the Company will hold a conference call at 10 a.m. Central Time (11 a.m. Eastern Time [...]
Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the second quarter of 2017. The dividend is payable on June 30, 2017, at a rate of $0.06 per share based on a record date of June 15, 2017. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in [...]
Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the fourth quarter and full-year 2016. Also included within the release is the company’s guidance outlook for the first quarter and full-year 2017. Highlights Exceeded fourth-quarter production expectations Achieved record-setting well productivity in 2016 Reduced operating expenses in U.S. by 42 percent from peak rates Attained [...]
Devon Energy Corp. (NYSE: DVN) today announced plans to issue its fourth-quarter and full-year 2016 earnings news release on Tuesday, Feb. 14, 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, Feb. 15, the Company will hold a conference call at 10 a.m. Central Time (11 [...]
Devon Energy Corp. (NYSE: DVN) (the “Company” or “Devon Energy”) today announced the consideration payable in connection with its previously announced tender offers (the “Tender Offers”) to purchase for cash up to an aggregate principal amount of the securities listed in the table below (collectively, the “Notes”) that would not result in the aggregate amount that all [...]
Devon Energy Corp. (NYSE: DVN) (the “Company” or “Devon Energy”) today announced the early tender results for its previously announced tender offers (the “Tender Offers”) to purchase for cash up to an aggregate principal amount of the securities listed in the table below (collectively, the “Notes”) that would not result in the aggregate amount that all holders of the Notes [...]
ATLANTA, December 15, 2016 /PRNewswire/ -- OTCStockReview published an article on SeekingAlpha.com that included industry commentary based on the recent OPEC developments taking place in the Energy Sector that included companies such as: Exxon Mobil Corporation (NYSE: XOM), EOG Resources, Inc. (NYSE: EOG), Devon Energy Corporation (NYSE: DVN), Petro River Oil Corp. (OTC: PTRC) and Abraxas Petroleum Corporation (NASDAQ [...]
Devon Energy Corp. (NYSE: DVN) announced today an increase to its risked drilling inventory in the Delaware Basin following a successful Leonard Shale stacked spacing test in southeast New Mexico. The Thistle spacing pilot tested 400-foot vertical spacing between the Leonard Shale “B” and “C” intervals in the southwest corner of Lea County, New Mexico. Initial 30-day production rates from this [...]
Devon Energy Corp. (NYSE: DVN) (the “Company” or “Devon Energy”) today announced that it has commenced tender offers to purchase for cash up to a maximum repurchase amount of $1 billion for the securities listed in the table below (collectively, the “Securities”). Title of Security CUSIP Number ...