Devon Energy Corp.

Devon Energy Corp. today reported financial and operational results for the third quarter of 2022. The company's earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's third-quarter conference call will be held at 10:00 a.m. Central on Wednesday, November 2, 2022, and will [...]

Devon Energy Corp. today announced that it has completed its previously announced acquisition of Validus Energy, an Eagle Ford operator, for a total cash consideration of $1.8 billion, less purchase price adjustments. This acquisition secures a premier acreage position of 42,000 net acres adjacent to Devon's existing leasehold in the basin. Current production from the acquired assets is approximately 35,000 Boe per day [...]

Devon Energy Corp. today announced it will report third-quarter 2022 results on Tuesday, Nov. 1, after the close of U.S. financial markets. The earnings release and presentation for the third-quarter 2022 results will be available on the company's website at www.devonenergy.com. On Wednesday, Nov. 2, the company will hold a conference call at 10:00 a.m. Central Time , which will consist primarily of answers to questions [...]

Devon Energy Corp. announced today that the company's board of directors expects to appoint Barbara Baumann as chair of the board, succeeding Dave Hager, who has notified the board of his plans to retire from the board in January 2023. This transition aligns with Devon's continuing focus on strong corporate values, governance principles, and strategic vision. "It has been a great joy and a privilege to spend the past 15 [...]

Devon Energy announced it has entered into a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8 billion. The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of 2022, with an effective date of June 1, 2022. Rick Muncrief, president and CEO stated, “The Validus acquisition captures a top-tier [...]

Devon Energy announced today its board of directors declared a fixed-plus-variable dividend of $1.55 per share based on the company’s second-quarter financial performance. This record payout represents a 22 percent increase from the previous quarter. As part of the second-quarter dividend announcement, the board approved an increase in the fixed dividend of 13 percent or $0.02 per share. The company’s fixed-plus-variable [...]

Devon Energy Corp. reported financial and operational results for the second quarter of 2022. The company’s earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website. The company’s second-quarter conference call will be held at 10:00 a.m. Central on Tuesday, August 2, 2022, and will serve primarily as a forum [...]

Devon Energy announced that it has completed its previously announced acquisition of the leasehold interest and related assets of RimRock Oil and Gas, LP in the Williston Basin for a total cash consideration of $865 million, less purchase price adjustments. This acquisition adds a contiguous position of 38,000 net acres (88% working interest) directly offsetting and overlapping Devon’s existing position. Production from [...]

Devon Energy announced it will report second-quarter 2022 results on Monday, Aug. 1, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2022 results will be available on the company’s website. On Tuesday, Aug. 2, the company will hold a conference call at 10:00 a.m. Central Time, which will consist primarily of answers to questions from analysts and investors. A webcast [...]

GREENWOOD VILLAGE, Colo., June 8, 2022 /PRNewswire/ -- RimRock Oil & Gas, LP , today announced the sale of its leasehold interest and related assets in the Williston Basin to Devon Energy Corp. , for a total cash consideration of $865 million. RimRock is a portfolio company of funds managed by Warburg Pincus LLC, a leading global growth investor. RimRock is an independent oil and gas company focused on the acquisition and [...]