Devon Energy Corp.

Devon Energy Corp. today announced that it has completed the sale of its assets in the Barnett Shale to Banpu Kalnin Ventures . Devon received a cash payment of $320 million from BKV at closing, after adjusting for a $170 million deposit received in April and purchase-price adjustments that, among other things, allocate revenues and expenses based on a Sept. 1, 2019, effective date. The sale agreement with BKV provides [...]

The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. Devon Energy Corp. Merger Announcement: September 28, 2020 Transaction Details: Under the terms of the agreement, WPX shareholders will receive a fixed exchange ratio of 0.5165 shares of Devon common stock for each share [...]

Devon Energy and WPX Energy today announced they have entered into an agreement to combine in an all-stock merger of equals transaction. The strategic combination will create a leading unconventional oil producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin. The combined company, which will be named Devon Energy, will benefit from enhanced scale [...]

KEY HIGHLIGHTS Merger of equals creates a leading unconventional oil producer in the U.S. Builds a dominant Delaware Basin acreage position totaling 400,000 net acres All-stock transaction accretive to per-share metrics in year one and maintains financial strength Expect to achieve cost savings that will drive $575 million of annual cash flow improvements by year-end 2021 Maintenance capital funding requirements in 2021 [...]

Devon Energy Corp. announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the fourth quarter of 2020. The dividend is payable on Dec. 30, 2020, at a rate of $0.11 per share based on a record date of Dec. 11, 2020. ABOUT DEVON ENERGY Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and [...]

KEY HIGHLIGHTS Accelerating Barnett Shale closing to Oct. 1, 2020, from previously scheduled date of Dec. 31, 2020 Board of directors declares a $100 million special dividend in conjunction with Barnett closing Expect to achieve $300 million of sustainable cash cost savings by year-end Plan to use cash on hand to repurchase up to $1.5 billion of additional debt OKLAHOMA CITY, Aug. 04, 2020 -- In conjunction with its [...]

Devon Energy Corp. today reported financial and operational results for the second quarter 2020. The company’s earnings release, supplemental financial tables and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. These materials will also be available on the Securities and Exchange Commission's website. The company’s second-quarter conference call [...]

Devon Energy Corp. today announced it will report second-quarter 2020 results on Tuesday, Aug. 4, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2020 results will be available on the company’s website at www.devonenergy.com. On Wednesday, Aug. 5, the company will hold a conference call at 10 a.m. Central Time , which will consist primarily of answers to questions [...]

Devon Energy Corp. announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the third quarter of 2020. The dividend is payable on Sept. 30, 2020, at a rate of $0.11 per share based on a record date of Sept. 14, 2020. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and [...]

Partnership launches breakthrough hydraulic fracture diagnostic tool DENVER, June 2, 2020 /PRNewswire-PRWeb/ -- Well Data Labs Inc. has entered into a licensing agreement with Devon Energy Corp. to be the exclusive commercial provider of Devon's patent-pending Sealed Wellbore Pressure Monitoring technology. The technology is widely viewed as a powerful tool that will help Exploration and Production companies maximize [...]