Sunday, December 1, 2024

Devon to Divest Its 2nd, 3rd Largest Assets

Canadian heavy oil, Barnett assets go on the block – could be sale or spinoff By Richard Rostad, analyst, Oil & Gas 360 Devon Energy (ticker: DVN) announced Q4 results and reserves today, showing net earnings of $1.1 billion, or $2.48 per share. This result vastly exceeds the $183 million Devon earned in Q4 2017, and Devon’s full-year results show

Permian Heavyweights Talk Use of Free Cash, To M&A or Not To M&A, Permian Consolidation

By Richard Rostad, analyst, Oil & Gas 360 Concho Resources (ticker: CXO) and Diamondback Energy (ticker: FANG) held year-end conference calls today, offering analysts the chance to discuss several major topics with two of the largest Permian operators. Free cash Q: Any way you could give us a sense of your thoughts on–call it between $50 to $60 per barrel

KKR and Western Natural Resources Team Up in the Williston - Oil & Gas 360

Shale Leader Takes a Breath

QEP terminates Williston Basin asset sale Shale operator will pause to review strategic alternatives including possible merger or sale; plans a G&A reduction of 45% QEP Resources (stock ticker: QEP, $QEP) said its board of directors has commenced a comprehensive review of strategic alternatives which could result in a merger or sale of the company or other transaction involving the