Devon – Oil & Gas 360

Activist investor Kimmeridge takes stake in US energy producer Devon

November 14, 2025

(Investing) – NEW YORK -Activist investment firm Kimmeridge Energy Management has taken a stake in U.S. shale producer Devon Energy, according to a stock market filing released on Friday. THE DETAILS Kimmeridge owned 5.66 million shares in Devon as of the end of September, the filing said. That would equate to an approximately 0.9% stake in Devon, according to Reuters calculations, and make

How Devon Energy missed out on the US oil and gas mega-deal wave

June 6, 2024

Yahoo Finance U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations. Devon missed out on the sector’s dealmaking boom by losing to ConocoPhillips the $22 billion deal to acquire Marathon Oil,

This large U.S. Driller just made a big move into LNG

September 13, 2022

Oil Price Devon Energy, (NYSE: DVN), announced a deal with Delfin Midstream (privately held) on Monday September, 5th, to buy into a Floating Liquefied Natural Gas-FLNG vessel, yet to be FID’d and constructed. The financial terms were not released, but this certainly involves a major cash commitment from Devon. In what amounts to a delayed reaction, in the absence of other

Shale explorers Diamondback, Devon boost payouts over production

May 3, 2022

World Oil (Bloomberg) — Shale drillers Diamondback Energy Inc., Devon Energy Corp. and Coterra Energy Inc. are boosting dividends while keeping oil output flat despite pleas from President Joe Biden to increase supplies and help take some the edge off of inflation. Diamondback announced a five-fold bump to quarterly payouts on Monday while Devon pledged to lift its dividend by

Biden’s Russia-oil ban opens path for shale giants EOG, Devon to fill the gap

March 9, 2022

World Oil (Bloomberg) — President Joe Biden’s ban on Russian oil imports puts new pressure on U.S. drillers to help fill a supply shortfall that has sent crude prices to the highest levels since 2008. Among them: EOG Resources Inc. and Devon Energy Corp., two shale giants that are sitting on thousands of federal drilling permits, many of which could be used to produce

Shale giants swear they won’t drill more, even at $200 a barrel

February 18, 2022

World Oil (Bloomberg) — The Texas wildcatters that ushered in America’s shale revolution are resisting the temptation to pump more oil as the market rallies, signaling higher gasoline prices for consumers already battered by the worst inflation in a generation. Crude prices hurtling toward $100 a barrel typically would spark a frenzy of new drilling by independent explorers in shale fields from the desert

Devon-WPX deal offers a playbook for future shale consolidation

September 29, 2020

Reuters The latest business combination in the U.S. shale patch is signaling a path forward for the troubled sector. In contrast to the bankruptcies of the past three months, Devon Energy DVN.N‘s $2.56 billion all-stock, low premium deal for rival WPX Energy WPX.N brings together two companies with assets in a few oil-producing basins and relatively low debt levels. Investors supported the idea

How Big is Saudi Aramco?

July 23, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 The staggering size of Aramco: Saudi Arabia’s state-owned oil company In 1933, the government of Saudi Arabia signed a concession agreement with the Standard Oil Company of California, creating an entity known as the California Arabian Standard Oil Company. Two years later, drilling began, and in 1938, famed geologist Max Steineke

Devon joins shale firms to cut spending as oil hovers at $30- oil and gas 360

Devon Closes Canada Deal

June 28, 2019

By Bevo Beaven, Editor, Oil & Gas 360 Devon Energy Corp. (stock ticker: DVN) has completed the sale of its Canadian business segment to Canadian Natural Resources (stock ticker: CNQ) for CAD $3.8 billion, or US $2.8 billion. Devon secured net proceeds from the deal of US $2.5 billion. The company said it plans to repatriate the net sales proceeds

Devon to Divest Its 2nd, 3rd Largest Assets

February 20, 2019

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

Devon Energy: Q3 was an ‘Inflection Point’ in the STACK

November 8, 2018

Devon sees STACK as its second-highest funded asset in 2019 PRB is the “best emerging growth opportunity in North America” Oklahoma-based Devon Energy Corporation (ticker: DVN) reported its Q3 2018 results Tuesday. On the call, Devon President and CEO Dave Hager gave good insight into the company’s STACK developments in Oklahoma. “Beyond the Delaware, the STACK and Rockies will also

Devon Updates Jackfish, Q3 Production

October 16, 2018

Devon Energy Provides Operational Update for Jackfish Complex; Announces Third-Quarter Production and Capital Results

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