OKLAHOMA CITY, April 20, 2016 /PRNewswire/ -- American Energy – Woodford, LLC today announced that, effective March 25, 2016, the company changed its name to White Star Petroleum, LLC ("White Star"). As originally intended and previously announced by White Star's sponsor, The Energy and Minerals Group ("EMG"), White Star will complete its transition to a standalone company, fully independent of the American Energy [...]
Devon Energy Corp. (NYSE:DVN) announced today it has entered into a definitive agreement to sell its non-core Mississippian assets in northern Oklahoma to White Star Petroleum, LLC for $200 million. The transaction is subject to customary terms and conditions and is expected to close in the second quarter of 2016 with an effective date of Jan. 1, 2016. “This is another important step in executing on our plan to [...]
Devon Energy Corp. (NYSE: DVN) today announced plans to issue its first-quarter 2016 earnings news release on Tuesday, May 3, 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 4, 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 the closing of its previously announced public offering of 69,000,000 shares of its common stock and the full exercise of the underwriters’ option to purchase an additional 10,350,000 shares. Net proceeds from the offering of $1.469 billion are expected to be used for general corporate purposes, including bolstering the Company’s liquidity position, reducing [...]
Devon Energy Corp. (NYSE: DVN) announced today that Howard J. Thill, senior vice president of communications and investor relations, will present at the Raymond James Institutional Investors Conference on Monday, March 7, 2016, at 11:00 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 [...]
Devon Energy Corp. (NYSE: DVN) ("Devon" or the "Company") announced today that it has priced an upsized public offering of 69,000,000 shares of its common stock at a price to the public of $18.75 per share. Net proceeds from the offering are expected to be used for general corporate purposes, including bolstering the Company’s liquidity position, reducing indebtedness and funding the Company’s capital program [...]
Devon Energy Corp. (NYSE: DVN) ("Devon" or the "Company") announced today that it intends to commence a registered public offering of 55,000,000 shares of its common stock, subject to market conditions. The Company also expects to grant the underwriters an option to purchase up to 8,250,000 additional shares of stock at the underwriters’ election. Net proceeds from the offering are expected to be used for general [...]
Devon Energy Corp. (NYSE: DVN) announced today that Darryl Smette, executive vice president of Marketing, Facilities, Pipeline & Supply Chain, and Frank Rudolph, executive vice president of Human Resources, both plan to retire in July. Additionally, the Company said that Tony Vaughn, executive vice president of Exploration and Production (E&P), is being promoted to chief operating officer. In related moves, Tana Cashion [...]
Devon Energy Corp. (NYSE: DVN) today announced core earnings of $319 million, or $0.77 per diluted share, for the fourth quarter of 2015. On a reported basis, due to non-cash, asset-impairment charges, the Company had a net loss of $4.5 billion, or $11.12 per diluted share, for the fourth quarter of 2015. Devon’s operating cash flow totaled $1.1 billion in the quarter, a 12 percent increase compared to the fourth [...]
Devon Energy Corp. (NYSE: DVN) announced today that Dave Hager, president and chief executive officer, will present at the Credit Suisse Annual Energy Summit on Tuesday, Feb. 23, 2016, at 10:55 a.m. MT (12:55 p.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 will [...]
Devon Energy Corp. (NYSE: DVN) today announced plans to issue its fourth-quarter and full-year 2015 earnings news release on Tuesday, Feb. 16, 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. 17, the Company will hold a conference call at 10 a.m. Central Time (11 [...]
Tall Oak Midstream, LLC (“Tall Oak”) and its equity partner EnCap Flatrock Midstream (“EnCap Flatrock”) today announced that a subsidiary of EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream LLC (NYSE: ENLC) (together, “EnLink”) has signed definitive agreements to acquire subsidiaries of Tall Oak Midstream, LLC for approximately $1.55 billion, subject to certain [...]