Edition:
United States

Devon Energy Corp (DVN.N)

DVN.N on New York Stock Exchange

34.65USD
23 Oct 2017
Change (% chg)

$-0.28 (-0.80%)
Prev Close
$34.93
Open
$35.00
Day's High
$35.34
Day's Low
$34.63
Volume
846,592
Avg. Vol
1,185,082
52-wk High
$50.66
52-wk Low
$28.80

Latest Key Developments (Source: Significant Developments)

Devon Energy provides hurricane Harvey production update
Friday, 15 Sep 2017 09:20am EDT 

Sept 15 (Reuters) - Devon Energy Corp :Devon Energy provides hurricane Harvey production update.Devon Energy - ‍as precautionary measure for hurricane Harvey, co temporarily suspended operations and shut-in production across its entire Eagle Ford​.Devon Energy Corp - ‍restored production to pre-storm levels across its U.S. operations following hurricane Harvey​.Devon Energy Corp - ‍company has now resumed production from all producing pads in Eagle Ford​.Devon Energy - co estimates impact of hurricane Harvey to reduce net liquids production in Eagle Ford, areas of U.S. by 15,000 barrels per day in Q3.Devon Energy - expects one-time production impact to be confined to Q3 and it represents one-half of 1 percent of co's total expected volumes for FY 2017.Devon Energy - ‍many third-party petrochemical facilities across gulf coast region have now restarted, are in process of ramping up to pre-storm capacity​.Devon - ‍temporary storm-related limitations in downstream petrochemical capacity in Gulf coast region curtailed production in some U.S. operations​ areas.  Full Article

Devon Energy files for potential mixed shelf offering
Thursday, 14 Sep 2017 05:07pm EDT 

Sept 15 (Reuters) - Devon Energy Corp :Devon Energy Corp files for potential mixed shelf offering; size not disclosed - SEC filing .‍​.  Full Article

Devon Energy says ‍co's authorized capital stock consists of 1 bln shares of common stock, par value $0.10 per share​
Thursday, 14 Sep 2017 04:58pm EDT 

Sept 15 (Reuters) - Devon Energy Corp :Devon Energy Corp - ‍Devon's authorized capital stock consists of 1.0 billion shares of common stock, par value $0.10 per share​.Devon Energy Corp - Devon's authorized capital stock consists of 4.5 million shares of preferred stock, par value $1.00 per share - SEC filing.  Full Article

Devon Energy provides preliminary update regarding impact of hurricane harvey
Wednesday, 6 Sep 2017 10:00am EDT 

Sept 6 (Reuters) - Devon Energy Corp :Devon energy provides preliminary update regarding impact of Hurricane Harvey.Devon Energy Corp - company has restarted drilling operations and expects to have vast majority of its affected production online by end of week..Devon Energy Corp - ‍post-storm inspections indicated that devon's producing assets and facilities sustained only minimal damage​.Devon Energy - in preparation for hurricane harvey, temporarily ceased drilling, well-completion activity shut-in production across entire eagle ford position.Devon Energy Corp - ‍expects to have vast majority of its affected production from hurricane harvey to be online by end of week​.  Full Article

Devon Energy lowers 2017 capital outlook by $100 mln
Tuesday, 1 Aug 2017 04:01pm EDT 

Aug 1 (Reuters) - Devon Energy Corp :Devon Energy reports second-quarter 2017 results.Devon Energy says lowering 2017 capital outlook by $100 million.Devon Energy says now expects E&P capital investment to range from $1.9 billion to $2.2 billion in 2017.Q2 earnings per share $0.80.Q2 earnings per share view $0.32 -- Thomson Reuters I/B/E/S.Devon Energy - Q2 total operating revenues $3,273 million versus $2,488 million.Devon Energy - net production averaged 536,000 oil-equivalent barrels (Boe) per day during q2 of 2017​.Devon Energy - Q2 revenue from oil, gas and NGL sales $1,206 million versus $1,085 million.Devon Energy - has not made any changes to its planned activity levels in 2017 and is on track to increase to approximately 20 rigs by end of 2017.Q2 revenue view $3.25 billion -- Thomson Reuters I/B/E/S.Sees 2017 capital expenditures $2,185 million - $2,590 million.Devon Energy - adjusting for items, qtrly core earnings of $0.34 per diluted share.  Full Article

Devon Energy announces $340 million of non-core asset sales
Monday, 31 Jul 2017 08:00am EDT 

July 31 (Reuters) - Devon Energy Corp :Devon Energy announces $340 million of non-core asset sales.Devon Energy Corp - ‍net production from divested properties averaged approximately 4,000 oil-equivalent barrels (Boe) per day (60 percent oil)​.Devon Energy Corp - ‍expects to incur minimal taxes associated with the deals.Devon Energy Corp - actively marketing Johnson County assets and expects to complete its non-core divestiture program over next year​.  Full Article

Devon Energy announces record stack well reaching 6,000 BOE per day
Tuesday, 11 Jul 2017 06:30am EDT 

July 11 (Reuters) - Devon Energy Corp :Devon Energy announces record stack well reaching 6,000 BOE per day, provides development update.‍Brought online meramec well, commenced production on several high-rate wells in core of over-pressured oil window of stack play in Q2​.Also brought online 4 additional high-rate meramec wells in core of over-pressured oil window during Q2.‍Will spud showboat development project, which includes approximately 25 wells across 4 landing zones, in Q3​.‍The additional four wells attained an average 30-day initial production rate of 2,000 BOE per day​.  Full Article

Meritage Midstream subsidiary acquires Devon Energy’S midstream assets
Thursday, 4 May 2017 09:15am EDT 

May 4 (Reuters) - Devon Energy Corp : :Meritage Midstream subsidiary acquires Devon Energy’S midstream assets in wyoming’s south powder river basin.Midstream Services Ii Llc- deal includes a new long-term dedication from Devon to thunder creek of 250,000 acres located in south powder river basin.Meritage Midstream Services II LLC - thunder creek plans to expand processing capacity at 50 buttes from 90 mmcf/d to 180 mmcf/d.Devon Energy Corp - thunder creek expects to expand processing capacity by more than 390,000 mmcf/d.  Full Article

Devon CEO says well-positioned to deliver on 2017 and 2018 growth targets - conf call
Wednesday, 3 May 2017 11:49am EDT 

May 3 (Reuters) - Devon Energy Corp ::Devon Energy CEO says well-positioned to accelerate investment across U.S. resource plays and deliver on 2017 and 2018 growth targets - conf call.Devon Energy CEO says expects 2017 to be a breakout year for Delaware Basin assets - conf call.Devon Energy CEO says with successful delineation results will evaluate strategic options for additional noncore asset sales in the future- conf call.Devon Energy COO says contracted and secured sand for work in the mid-continent and also in Delaware for 2017 - conf call.  Full Article

Devon Energy reports qtrly total revenues $3,547 million
Tuesday, 2 May 2017 04:07pm EDT 

May 2 (Reuters) - Devon Energy Corp :Devon Energy reports first-quarter results.Q1 adjusted core earnings per share $0.41 excluding items.Q1 earnings per share view $0.40 -- Thomson Reuters I/B/E/S.Qtrly oil production averaged 261,000 barrels per day, a 7 percent increase compared to Q4 of 2016.Devon Energy- Qtrly total companywide production averaged 563,000 oil-equivalent barrels per day in Q1, a 5 percent increase compared to Q4 of 2016.Devon Energy Corp - Qtrly total revenues $3,547 million versus $2,126 million.Devon expects oil production to range from 230,000 to 240,000 barrels per day in Q2.Devon Energy Corp - Devon expects oil production to range from 230,000 to 240,000 barrels per day for Q2.Devon Energy Corp- Company's capital and production plan is on track for both first half of 2017 and full year..Devon Energy Corp - Qtrly oil, gas and NGL sales $1,309 million versus $825 million.Devon Energy Corp - Due to efficiency gains, company and its partner brought online more wells in eagle ford than planned in Q1.Q1 earnings per share $1.07.Devon Energy Corp sees Q2 capital expenditures $600 million - $ 675 million.Devon Energy Corp - Low cost structure is expected to further improve on a per-unit basis in second half of 2017.  Full Article

BRIEF-Devon Energy provides hurricane Harvey production update

* Devon Energy - ‍as precautionary measure for hurricane Harvey, co temporarily suspended operations and shut-in production across its entire Eagle Ford​