Edition:
United States

Devon Energy Will Not Be Raising Co's Capital Guidance - Conf Call


Wednesday, 1 May 2019 02:15pm EDT 

May 1 (Reuters) - Devon Energy Corp ::EXPECT U.S. OIL BUSINESS TO ACHIEVE AT LEAST $780 MILLION IN SUSTAINABLE ANNUAL COST SAVINGS BY 2021 - CEO, CONF CALL.EXPECT TO USE PROCEEDS FROM CANADA AND BARNETT ASSET SALE TO RETIRE UP TO $3 BILLION OF DEBT - CEO, CONF CALL.SEES Q2 OIL PRODUCTION AT 134-141 MBOD - PRESENTATION.SEES 3-YEAR CUMULATIVE FREE CASH FLOW OF $2.3 BILLION AT $60 WTI FROM NEW DEVON - PRESENTATION.WILL NOT BE RAISING OUR CAPITAL GUIDANCE - CEO, CONF CALL.EXPECT "SOME MINOR GROWTH" IN OIL VOLUME IN THE DELAWARE IN Q2 - CO EXEC. CONF CALL.