Thursday, November 7, 2024

Devon Energy Accelerates Production to 195 MBOEPD

Devon’s early ’18 production from Delaware, STACK up 20% over 2017 average Devon Energy Corp. (ticker: DVN) accelerated production growth in early 2018. The company’s Delaware Basin and STACK assets are producing approximately 195,000 BOEPD. The combined daily production rates from these two assets represent a 10% increase over the fourth quarter of 2017, and a ~20% increase compared to

Oil & Gas 360 - ConocoPhillips ups drilling program in Eagle Ford - Oil & Gas 360

Penn Virginia Closes $205 Million Acquisition with Devon, Increases Borrowing Base

Penn Virginia Eagle Ford acquisition puts drill bit on contiguous acreage for extended reach laterals Penn Virginia Corporation (ticker: PVAC) closed its previously announced acquisition of Eagle Ford assets located primarily in Lavaca County, Texas on September 29, 2017. Penn Virginia bought the assets from Devon Energy Corporation (ticker: DVN) for $205 million in cash, subject to customary post-closing adjustment to

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

Devon Energy: 77% of Q2 Production was from U.S. Resource Plays

During Q2, Devon Energy (ticker: DVN) averaged approximately 536,000 BOEPD which was 6,000 BOEPD higher than the company’s midpoint guidance for the quarter. Of that, approximately 44% of the production was oil. Devon indicated that 412,000 BOEPD of its total 536,000 BOEPD was sourced from U.S. resource plays. The company believes that its liquid volumes will reach approximately 65% of

Chesapeake Energy, Devon Unveil Type Curves for Powder River Basin

New Designs Deliver Big Results The Powder River Basin of Wyoming has traditionally been exploited for its coal resources and coalbed methane gas opportunities. Increased knowledge and improved execution from the oil and gas industry has changed that perception. The region has more than doubled its oil output since 2009, and the handful of E&Ps in the region have been

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

Devon Energy Completes Dropdown

Devon Energy Transfers VEX Ownership to Enlink Midstream Last week Devon Energy (ticker: DVN) completed a dropdown of its Victoria Express Pipeline (VEX) to Enlink Midstream Partners (ticker: ENLK). Devon will receive $280 million from ENLK and EnLink Midstream LLC (ticker: ENLC), in which it owns a 34% and 70% interest, respectively. The VEX pipeline is a 56-mile multi-grade crude