Devon Energy

Astatine Investment Partners Successfully Exits HEP Catalyst InvestCo Investment

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星期二, 四月 30, 2024
Professional Services, Other Professional Services, Oil, Gas, Energy, Finance, Asset Management, Permian, Sale, Natural gas, Delaware Basin, Investment, Devon Energy, Growth, Astatine, Petroleum

Astatine Investment Partners (“AIP” or “Astatine,” formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced the successful exit of its investment in HEP Catalyst InvestCo, a joint venture that indirectly owns a 50% stake in an oil gathering and gas processing system in the Permian Basin, to one of its joint venture partners, Howard Energy Partners, a diversified midstream energy company headquartered in San Antonio, Texas.

Key Points: 
  • Astatine Investment Partners (“AIP” or “Astatine,” formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced the successful exit of its investment in HEP Catalyst InvestCo, a joint venture that indirectly owns a 50% stake in an oil gathering and gas processing system in the Permian Basin, to one of its joint venture partners, Howard Energy Partners, a diversified midstream energy company headquartered in San Antonio, Texas.
  • HEP Catalyst InvestCo (“Catalyst”) owns 50% of Catalyst Midstream Partners, which owns and operates an oil gathering pipeline system and three gas processing plants in the Delaware Basin of the greater Permian Basin.
  • Funds managed by Astatine Investment Partners acquired an interest in Catalyst in 2017, when Catalyst was formed as a joint venture with Howard Midstream Energy Partners (“Howard”).
  • Astatine’s exit of Catalyst marks the second investment alongside Howard; Astatine also owned a large stake in Howard from 2013 to 2022.

Devon Energy Schedules First-Quarter 2024 Earnings Release and Conference Call

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星期三, 三月 27, 2024
DVN, Central Time, Devon Energy

OKLAHOMA CITY, March 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2024 results on Wednesday, May 1, after the close of U.S. financial markets.

Key Points: 
  • OKLAHOMA CITY, March 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2024 results on Wednesday, May 1, after the close of U.S. financial markets.
  • The earnings release and presentation for the first-quarter 2024 results will be available on the company’s website at www.devonenergy.com .
  • On Thursday, May 2, the company will hold a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time), which will consist primarily of answers to questions from analysts and investors.
  • A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com .

MRC Global Responds to Engine Capital and Affirms Board and Management’s Focus on Delivering Long-Term Value Creation

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星期二, 三月 19, 2024
Growth, Devon Energy, MRC, Security (finance), Record, Annual general meeting, Management

On March 11, 2024, MRC Global appointed David Hager to the Board.

Key Points: 
  • On March 11, 2024, MRC Global appointed David Hager to the Board.
  • As noted in our preliminary proxy statement, our Board and leadership team have held discussions with Engine Capital over the past several months.
  • In addition to several meetings with Arnaud Ajdler to better understand his perspectives, members of our Board interviewed Engine Capital’s candidates to assess their qualifications for potential addition to the MRC Global Board.
  • J.P. Morgan Securities LLC is serving as financial advisor and Akin Gump Strauss Hauer & Feld LLP is serving as legal advisor to MRC Global.

First Responders Children’s Foundation Invites Children of First Responders To Apply for Scholarships

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星期二, 三月 12, 2024
Rock (geology), Verizon Communications, Mentorship, TIAA, Emergency medical technician, Universal Music Group, U.S. state, Devon Energy, CSX, PwC, Scholarship, Dream, MacKenzie Scott, Firefighter, Parent, Scooter Braun, Federal, Nursing

The program awards scholarships to children of first responders who are pursuing post-secondary education at college, trade school or post-graduate programs.

Key Points: 
  • The program awards scholarships to children of first responders who are pursuing post-secondary education at college, trade school or post-graduate programs.
  • The Scholarship Program, now in its 22nd year, provides financial assistance to children whose parent serves or has served as a first responder.
  • Scholarships are awarded based on financial need, academic merit and achievements such as demonstrated leadership and volunteer activities benefiting the community.
  • The families of these brave heroes deserve our support, and we owe it to them to provide scholarships so that their children can reach their full potential,” said Jillian Crane, President and CEO of First Responders Children's Foundation.

Leeward Renewable Energy Names Nate Graham Chief Technology Officer

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星期一, 三月 25, 2024
Alternative Energy, Energy, Other Energy, Utilities, CIO, Growth, Information technology, Oklahoma Wesleyan University, Network, Business administration, Telecommunications, Lead, CISO, Energy management, Devon Energy, Architecture, LRE, Multimedia, ConocoPhillips, Management

Leeward Renewable Energy (“LRE” or “Company”), a leading renewable energy company, today announced that it has appointed Nate Graham as Chief Technology Officer (CTO).

Key Points: 
  • Leeward Renewable Energy (“LRE” or “Company”), a leading renewable energy company, today announced that it has appointed Nate Graham as Chief Technology Officer (CTO).
  • “Nate brings a wealth of experience in information technology, cybersecurity, and leadership roles, and he will be instrumental in shaping LRE’s enterprise-wide IT operations and accelerating LRE’s future technology deployment, promoting innovation and strengthening operational resiliency,” said Allen.
  • Throughout his 23-year career, he served as Chief Information Security Officer (CISO) at Enable Midstream Partners and held senior leadership roles at ConocoPhillips and Devon Energy.
  • Graham received his bachelor’s degree in Business Administration & Management from Oklahoma Wesleyan University and a master’s degree in Energy Management from Oklahoma City University.

David Hager Joins MRC Global’s Board of Directors

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星期一, 三月 11, 2024
Kerr-McGee, Biophysical environment, Purdue University, ESG, Methodist University, Mobil, Audit committee, Southern Methodist University, Devon Energy, Gulf of Mexico, MRC, Management

HOUSTON, March 11, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced today that David (Dave) A. Hager, previously Executive Chairman of Devon Energy Corporation, has joined MRC Global’s board of directors, effective March 11, 2024.

Key Points: 
  • HOUSTON, March 11, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced today that David (Dave) A. Hager, previously Executive Chairman of Devon Energy Corporation, has joined MRC Global’s board of directors, effective March 11, 2024.
  • Robert Wood, MRC Global’s Chairman of the Board, commented, “I am thrilled to welcome Dave Hager as a new independent director.
  • Mr. Hager joined Kerr-McGee as Vice President, Operations, Gulf of Mexico and had increasing levels of responsibility during his time with Kerr-McGee.
  • “Dave brings a wealth of relevant industry experience and a sharp business acumen to our board,” added Rob Saltiel, MRC Global’s President and CEO.

Devon Energy Reports Fourth-Quarter and Full-Year 2023 Results; Declares Quarterly Dividend and Raises Fixed Dividend by 10 Percent in 2024

Retrieved on: 
星期二, 二月 27, 2024
Devon Energy, DVN

OKLAHOMA CITY, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth-quarter and full-year 2023.

Key Points: 
  • OKLAHOMA CITY, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth-quarter and full-year 2023.
  • The company also declared its quarterly dividend and provided an outlook for 2024.
  • Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com .
  • The company’s fourth-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Wednesday, Feb. 28, 2024, and will serve primarily as a forum for analyst and investor questions and answers.

Fervo Energy Raises $244 Million to Accelerate Deployment of Next-Generation Geothermal

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星期四, 二月 29, 2024
Alternative Energy, Energy, Other Energy, Goldman Sachs, Commander-in-Chief, Africa (Royal Navy), Arnold Ventures LLC, Vinson & Elkins, Growth, Mitsubishi Heavy Industries, EGS, Entrepreneurship, History, Electricity, Heart, Devon Energy, Ministry of Energy, Partnership, Renewable energy

Fervo Energy (“Fervo”), the leader in next-generation geothermal development, today announced that it has raised $244 million in new funding led by Devon Energy, a pioneer in shale oil and gas.

Key Points: 
  • Fervo Energy (“Fervo”), the leader in next-generation geothermal development, today announced that it has raised $244 million in new funding led by Devon Energy, a pioneer in shale oil and gas.
  • “Demand for around-the-clock clean energy has never been higher, and next-generation geothermal is uniquely positioned to meet this demand,” said Tim Latimer, Fervo CEO and Co-Founder.
  • “Fervo has transformed geothermal into a scalable carbon-free resource ready to meet the moment.”
    Goldman Sachs & Co. LLC acted as exclusive placement agent to Fervo Energy.
  • Fervo Energy provides 24/7 carbon-free energy through the development of next-generation geothermal power.

How Europe Can Win the Energy War With Russia

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星期五, 三月 8, 2024
Acquisition, KMI, Kinder Morgan, Natural gas, PBR, MCF, DVN, Element, Devon Energy, BOPD, Big, Chesapeake Energy, Hydrocarbon, Renewable energy

LONDON, March 8, 2024 /PRNewswire/ -- Natural gas is now back in fashion in a very big way and the new mantra is that domestic sources in combination with renewable energy are the only true answer to energy security.  Companies mentioned in this release include:  Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), Ecopetrol S.A. (NYSE:EC), Devon Energy Corporation (NYSE:DVN), Chesapeake Energy Corporation (NYSE:CHK), Kinder Morgan, Inc. (NYSE:KMI)

Key Points: 
  • And Austria has recently made its largest natural gas discovery in four decades—enough to increase its domestic production by 50%.
  • Below are two companies well-positioned to take advantage of the new energy security atmosphere in Europe:
    #1 MCF Energy ( MCF .V; MCFNF .QX)
    Small-cap MCF Energy, backed by veteran explorer and producer, Ford Nicholson, is convinced that this is the right atmosphere in which to foster European energy security through domestic natural gas production.
  • MCF Energy is the first new public company consolidating major exploration projects in Europe, and it's the first since Russia invaded Ukraine to offer investors an opportunity to help build domestic natural gas resources in Germany and Austria.
  • Thanks to its 100% acquisition of German Genexco last year, MCF Energy is now ready to drill down for some much-needed domestic energy resources for Germany.

How Europe Can Win the Energy War With Russia

Retrieved on: 
星期五, 三月 8, 2024
Acquisition, KMI, Kinder Morgan, Natural gas, PBR, MCF, DVN, Element, Devon Energy, BOPD, Big, Chesapeake Energy, Hydrocarbon, Renewable energy

LONDON, March 8, 2024 /PRNewswire/ -- Natural gas is now back in fashion in a very big way and the new mantra is that domestic sources in combination with renewable energy are the only true answer to energy security.  Companies mentioned in this release include:  Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), Ecopetrol S.A. (NYSE:EC), Devon Energy Corporation (NYSE:DVN), Chesapeake Energy Corporation (NYSE:CHK), Kinder Morgan, Inc. (NYSE:KMI)

Key Points: 
  • And Austria has recently made its largest natural gas discovery in four decades—enough to increase its domestic production by 50%.
  • Below are two companies well-positioned to take advantage of the new energy security atmosphere in Europe:
    #1 MCF Energy ( MCF .V; MCFNF .QX)
    Small-cap MCF Energy, backed by veteran explorer and producer, Ford Nicholson, is convinced that this is the right atmosphere in which to foster European energy security through domestic natural gas production.
  • MCF Energy is the first new public company consolidating major exploration projects in Europe, and it's the first since Russia invaded Ukraine to offer investors an opportunity to help build domestic natural gas resources in Germany and Austria.
  • Thanks to its 100% acquisition of German Genexco last year, MCF Energy is now ready to drill down for some much-needed domestic energy resources for Germany.