DVN

Devon Energy Announces Bolt-On Acquisition in the Williston Basin

Retrieved on: 
Wednesday, June 8, 2022
Public expenditure, Delaware Basin, Warburg Pincus, Devon, CEO, GLOBE, Acquisition, NYSE, Devon Energy, LP, Industry, DVN, Bank

This bolt-on acquisition is highly complementary to our existing position in the Williston Basin and is immediately accretive to our financially-driven strategy, said Rick Muncrief, president and CEO.

Key Points: 
  • This bolt-on acquisition is highly complementary to our existing position in the Williston Basin and is immediately accretive to our financially-driven strategy, said Rick Muncrief, president and CEO.
  • Enhances Williston Basin asset quality and scale This transaction adds a contiguous position of 38,000 net acres (88% working interest) directly offsetting and overlapping Devons existing position.
  • The transaction also adds more than 100 highly economic undrilled inventory locations, positioning the companys Williston Basin assets to maintain high-margin production and strong cash flow for several years.
  • Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin.

Matterhorn Express Pipeline Reaches Final Investment Decision

Retrieved on: 
Thursday, May 19, 2022
Oil, Gas, Energy, Permian, Ridgemont Equity Partners, NGL, Natural gas, U.S. Securities and Exchange Commission, Devon Energy, Telecommunication, Devon, Investment, Gulf Coast of the United States, Transport, Delaware Basin, DVN, Partnership, Whitewater, Forward-looking statement, Communication, Security (finance), SEC, LLC, NYSE, CEO, Petroleum

WhiteWater, EnLink Midstream, LLC (NYSE: ENLC), Devon Energy Corp. (NYSE: DVN), and MPLX LP (NYSE: MPLX) have reached a final investment decision to move forward with the construction of the Matterhorn Express Pipeline after having secured sufficient firm transportation agreements with shippers.

Key Points: 
  • WhiteWater, EnLink Midstream, LLC (NYSE: ENLC), Devon Energy Corp. (NYSE: DVN), and MPLX LP (NYSE: MPLX) have reached a final investment decision to move forward with the construction of the Matterhorn Express Pipeline after having secured sufficient firm transportation agreements with shippers.
  • The Matterhorn Express Pipeline has been designed to transport up to 2.5 billion cubic feet per day (Bcf/d) of natural gas through approximately 490 miles of 42-inch pipeline from Waha, Texas, to the Katy area near Houston, Texas.
  • The Matterhorn Express Pipeline is expected to be in service in the third quarter of 2024, pending the receipt of customary regulatory and other approvals.
  • WhiteWater, an Austin, Texas based infrastructure company, has partnered with Ridgemont Equity Partners and First Infrastructure Capital on the Matterhorn Express Pipeline.

Devon Energy Announces First-Quarter Dividend, Increases Share-Repurchase Authorization to $2.0 Billion

Retrieved on: 
Monday, May 2, 2022
NYSE, Devon Energy, Time, Delaware Basin, DVN, Devon, GLOBE, Method, Program, Car rental, Bank

OKLAHOMA CITY, May 02, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today its board of directors declared a fixed-plus-variable dividend of $1.27 per share based on the company’s first-quarter financial performance. This record payout represents a 27 percent increase from the previous quarter. The dividend is payable on Jun. 30, 2022 to shareholders of record at the close of business on Jun. 13, 2022.

Key Points: 
  • The company also expanded its share-repurchase authorization by 25 percent to $2.0 billion.
  • As of the end of April, Devon repurchased 19.1 million shares at a total cost of $891 million.
  • The timing and volume of share repurchases under this authorization will be determined by management at its discretion.
  • Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin.

Devon Energy Reports First-Quarter 2022 Financial and Operational Results

Retrieved on: 
Monday, May 2, 2022
NYSE, Devon Energy, Investor relations, Delaware Basin, DVN, GLOBE, Bank

OKLAHOMA CITY, May 02, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first quarter of 2022.

Key Points: 
  • OKLAHOMA CITY, May 02, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first quarter of 2022.
  • The companys earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devons website, www.devonenergy.com .
  • The companys first-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Tuesday, May 3, 2022, and will serve primarily as a forum for analyst and investor questions and answers.
  • Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin.

Mining & Extraction of Oil from Oil Shale & Oil Sands Quickly Ramping Up Efforts in U.S.

Retrieved on: 
Tuesday, April 5, 2022
Private Securities Litigation Reform Act, Natural gas, NYSE, Research, CEO, Hess Corporation, Technology, Progress Energy Inc, MRO, Securities Exchange Act of 1934, Devon, Securities Act of 1933, Efficiency, Engineering, Security (finance), ServiceMaster, OTCQX, Central Time, Marathon Oil, Sand, LLC, ANY, Sproule, Industry, FNM, Schlumberger, U.S. Securities and Exchange Commission, Petroteq Energy, IPO, Tier 1, Devon Energy, Democrat, Transparency (market), Forward-looking statement, Growth, Annual report, NEVER, Mining, FEED, Government, SWACO, EPA, Energy Independence and Security Act of 2007, Company, AFF, Clay, Form 10-K, Sulfur, PALM, News, ESG, DVN, ONE, CTO, TSX, Designated activity company, NOT, BARREL, FPSO, Water, Oil, Yellowtail

Activities include: the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recoveryfrom natural gas; and recovery of hydrocarbon liquids.

Key Points: 
  • Activities include: the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recoveryfrom natural gas; and recovery of hydrocarbon liquids.
  • Bituminous sands or the oil sands are the unconventional sources of fossil fuel with majority of production coming out of Canada and Venezuela."
  • The Alberta oil sands in Canada are one of the largest oil sands reservoirs in the world.
  • Rigorous efforts by the U.S. government to reduce country's energy imports (oil sands) coupled with the shale gas boom within the U.S. has affected the US oil sands market."

Mining & Extraction of Oil from Oil Shale & Oil Sands Quickly Ramping Up Efforts in U.S.

Retrieved on: 
Tuesday, April 5, 2022
Private Securities Litigation Reform Act, Natural gas, NYSE, Research, CEO, Hess Corporation, Technology, Progress Energy Inc, MRO, Securities Exchange Act of 1934, Devon, Securities Act of 1933, Efficiency, Engineering, Security (finance), ServiceMaster, OTCQX, Central Time, Marathon Oil, Sand, LLC, ANY, Sproule, Industry, FNM, Schlumberger, U.S. Securities and Exchange Commission, Petroteq Energy, IPO, Tier 1, Devon Energy, Democrat, Transparency (market), Forward-looking statement, Growth, Annual report, NEVER, Mining, FEED, Government, SWACO, EPA, Energy Independence and Security Act of 2007, Company, AFF, Clay, Form 10-K, Sulfur, PALM, News, ESG, DVN, ONE, CTO, TSX, Designated activity company, NOT, BARREL, FPSO, Water, Oil, Yellowtail

Activities include: the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recoveryfrom natural gas; and recovery of hydrocarbon liquids.

Key Points: 
  • Activities include: the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recoveryfrom natural gas; and recovery of hydrocarbon liquids.
  • Bituminous sands or the oil sands are the unconventional sources of fossil fuel with majority of production coming out of Canada and Venezuela."
  • The Alberta oil sands in Canada are one of the largest oil sands reservoirs in the world.
  • Rigorous efforts by the U.S. government to reduce country's energy imports (oil sands) coupled with the shale gas boom within the U.S. has affected the US oil sands market."

Devon Energy Schedules First-Quarter 2022 Earnings Release and Conference Call

Retrieved on: 
Wednesday, March 23, 2022
GLOBE, NYSE, Devon Energy, DVN, Central Time, Delaware Basin

OKLAHOMA CITY, March 23, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2022 results on Monday, May 2, after the close of U.S. financial markets.

Key Points: 
  • OKLAHOMA CITY, March 23, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2022 results on Monday, May 2, after the close of U.S. financial markets.
  • The earnings release and presentation for the first-quarter 2022 results will be available on the companys website at www.devonenergy.com .
  • A webcast link to the conference call will be provided on Devons website at www.devonenergy.com .
  • Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin.

Devon Energy Reports Fourth-Quarter 2021 Financial and Operational Results

Retrieved on: 
Tuesday, February 15, 2022
DVN, NYSE, Delaware Basin, Investor relations, GLOBE, Devon Energy, Bank

OKLAHOMA CITY, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth quarter of 2021.

Key Points: 
  • OKLAHOMA CITY, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth quarter of 2021.
  • The companys earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devons website, www.devonenergy.com .
  • Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin.
  • Devons disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations.

Devon Energy Announces Fourth-Quarter Dividend and Next Steps in Cash-Return Strategy

Retrieved on: 
Tuesday, February 15, 2022
Method, DVN, NYSE, Program, Time, CEO, Delaware Basin, Devon, GLOBE, Devon Energy, Holding company, Car rental, Bank

OKLAHOMA CITY, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today its board of directors declared a record high fixed-plus-variable dividend of $1.00 per share based on the fourth-quarter financial performance. The dividend is payable on Mar. 31, 2022 to shareholders of record at the close of business on Mar. 14, 2022.

Key Points: 
  • As part of the fourth-quarter dividend announcement, the board approved an increase in the fixed dividend of 45 percent or $0.05 per share.
  • After the fixed dividend is funded, up to 50 percent of the excess free cash flow each quarter will be distributed to shareholders through the variable dividend.
  • In the fourth quarter, Devon repurchased 14 million shares at a total cost of $589 million.
  • Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin.

Devon Energy Schedules Fourth-Quarter and Full-Year 2021 Earnings Release and Conference Call

Retrieved on: 
Wednesday, January 5, 2022
GLOBE, Devon Energy, NYSE, Delaware Basin, DVN, Central Time

OKLAHOMA CITY, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report fourth-quarter and full-year 2021 results on Tuesday, Feb. 15, after the close of U.S. financial markets.

Key Points: 
  • OKLAHOMA CITY, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report fourth-quarter and full-year 2021 results on Tuesday, Feb. 15, after the close of U.S. financial markets.
  • The earnings release and presentation for the fourth-quarter and full-year 2021 results will be available on the companys website at www.devonenergy.com .
  • A webcast link to the conference call will be provided on Devons website at www.devonenergy.com .
  • Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin.