Profile: Devon Energy Corp (DVN.N)
24 Aug 2016
Devon Energy Corporation (Devon), incorporated on May 18, 1999, is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company's operations are concentrated in various North American onshore areas in the United States and Canada. The Company also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day. The Company operates through three segments: U.S., Canada and EnLink. Devon's U.S. and Canadian segments are engaged in oil and gas exploration and production activities. EnLink's operations consist of midstream assets and operations located across the United States.
The Company's projects include Delaware Basin, STACK, Eagle Ford, Rockies Oil, Heavy Oil, Barnett Shale, and other assets, which are located in the Midland Basin, east Texas, Granite Wash and Mississippian-Lime areas. Its Delaware Basin offers exploration and development opportunities from a range of geologic reservoirs and play types, including the oil-rich Bone Spring, Delaware, Wolfcamp and Leonard formations, and has a production capacity of approximately 60 thousand barrels of oil equivalent per day. The Company's operations in the STACK are focused on the oil-prone Meramec and the Cana-Woodford Shale. Its STACK has a production capacity of approximately 65 thousand barrels of oil equivalent per day. STACK development is located in Oklahoma's Canadian, Kingfisher and Blaine counties. The Eagle Ford operations are located in DeWitt and Lavaca counties in Texas. Its Eagle Ford has a production capacity of approximately 115 thousand barrels of oil equivalent per day. The Rocky Mountain operations are focused on its oil opportunities in the Powder River Basin and the Wind River Basin. In the Powder River, the Company focuses on several Cretaceous oil objectives, including the Turner, Parkman and Frontier formations. Its Rocky oil has a production capacity of approximately 20 thousand barrels of oil equivalent per day.
The Company's operations in Canada are focused on its heavy oil assets in Alberta, Canada. The Heavy Oil has a production capacity of approximately 115 thousand barrels of oil equivalent per day. In addition, the Company holds interest in Jackfish and Pike. The Pike oil sands acreage is situated to the southeast of its Jackfish acreage in east central Alberta. It also holds acreage and own producing assets in the Bonnyville region, located to the south and east of Jackfish in eastern Alberta. Its leases in Barnett Shale are located in Denton, Johnson, Parker, Tarrant and Wise counties in north Texas. The Company holds interest in the Access Pipeline transportation system in Canada. This pipeline system allows the Company to blend its heavy oil production with condensate or other blend-stock and transport the combined product to the Edmonton area for sale.
Devon Energy Corp
333 W Sheridan Ave
OKLAHOMA CITY OK 73102-5010
Company Web Links
- BRIEF-Devon Energy announces pricing of maximum tender offers
- BRIEF-Devon Energy announces early tender results
- BRIEF-Devon Energy announces tender offers for up to $1.2 bln purchase price o/s debt securities
- BRIEF-Devon Energy posts Q2 core shr $0.06; sees FY oil equivalent production of 598-623 MBOE/D
- Devon Energy posts surprising adjusted profit on cost cuts