Devon Energy Corp. (NYSE: DVN) today announced that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2017. The dividend is payable on March 31, 2017, at a rate of $0.06 per share based on a record date of March 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) announced today that Chief Operating Officer Tony Vaughn will present at the Bank of America Merrill Lynch Global Energy Conference in Miami on Friday, Nov. 18, 2016, at 8:15 a.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 include [...]
Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the third quarter of 2016 and provided guidance for the fourth quarter of 2016. Highlights Achieved record-setting well results in U.S. resource plays Increased STACK production 38 percent year over year Decreased lease operating expenses 37 percent from peak rates Expected cost savings to reach $1 billion in 2016 Completed $3.2 billion [...]
Devon Energy Corp. (NYSE: DVN) today announced plans to issue its third-quarter 2016 earnings news release on Tuesday, Nov. 1, 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. 2, the Company will hold a conference call at 10 a.m. Central Time (11 a.m. Eastern Time [...]
Devon Energy Corp. (NYSE: DVN) today announced that it has completed the sale of its 50 percent ownership interest in Access Pipeline to Wolf Midstream Inc., a portfolio company of Canada Pension Plan Investment Board, for CAD $1.4 billion, or USD $1.1 billion. Devon also has the right to receive an incremental CAD $150 million payment from Wolf Midstream with the sanctioning and development of a new thermal-oil project [...]
Devon Energy Corp. (NYSE: DVN) today announced that its board of directors declared a quarterly cash dividend on Devon’s common stock for the fourth quarter of 2016. The dividend is payable on Dec. 30, 2016, at a rate of $0.06 per share based on a record date of Dec. 15, 2016. 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) announced today that Howard J. Thill, senior vice president of Communications and Investor Relations, will present at the Johnson Rice & Company Energy Conference in New Orleans on Wednesday, Sept. 21, 2016, at 8:00 a.m. CT (9:00 a.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 [...]
Devon Energy Corp. (NYSE: DVN) announced today it has successfully tested its third Meramec spacing pilot and commenced production on two high-rate, extended-reach lateral oil wells in the core of the over-pressured oil window of the STACK. The Pump House spacing pilot tested a seven-well pattern across a single-section interval in the upper Meramec. Initial 15-day production rates averaged 2,200 oil-equivalent barrels [...]
Devon Energy Corp. (NYSE: DVN) announced today that Dave Hager, president and chief executive officer, will present at the Barclays CEO Energy-Power Conference in New York City on Wednesday, Sept. 7, 2016, at 9:05 a.m. ET. The event will be available to the public via internet 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 [...]
Devon Energy Corp. (NYSE: DVN) (the “Company” or “Devon Energy”) today announced the consideration payable in connection with its previously announced tender offers (the “Maximum Tender Offers”) to purchase for cash up to an aggregate principal amount of the debt securities listed in the table below (collectively, the “Notes”) that would not result in the aggregate amount [...]
Devon Energy Corp. (NYSE: DVN) (the “Company” or “Devon Energy”) today announced the early tender results for its previously announced tender offers (the “Maximum Tender Offers”) to purchase for cash up to an aggregate principal amount of the debt securities listed in the table below (collectively, the “Notes”) that would not result in the aggregate amount that all holders [...]
Devon Energy Corp. (NYSE: DVN) (the “Company” or “Devon Energy”) today announced the pricing, as set forth in the table below, and expiration of its previously announced tender offers (the “Offers”) to purchase for cash any and all of its outstanding 8.250% notes due 2018 and 6.300% notes due 2019. Title of Security ...