$DVN (Devon Energy Corporation)

$DVN {{ '2016-07-19T07:42:22+0000' | timeago}} • Announcement

Next pilot $DVN expects results from is the Pump House test in southwest Kingfisher County, and initial flow rates are expected in 3Q16. Company is participating in additional spacing pilots during remainder of 2016, and expects to progress into full-field development in the over-pressured oil window in 2017.

$DVN {{ '2017-09-13T15:44:50+0000' | timeago}} • Announcement

$DVN declared a quarterly cash dividend of $0.06 per share on its common stock for 4Q17, payable on Dec. 29, 2017 based on a record date of Dec. 15, 2017.

$DVN {{ '2017-09-13T15:01:42+0000' | timeago}} • Announcement

$DVN's BoD declared a quarterly cash dividend on its common stock for 4Q17 of $0.06 per share. The dividend is payable on Dec. 29, 2017, to stockholders of record as of Dec. 15, 2017.

$DVN {{ '2017-07-31T15:31:12+0000' | timeago}} • Announcement

$DVN has entered into a definitive agreement to monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its US operations, proceeds from the company’s recently announced $1Bil divestiture program have now reached $340MM. The Lavaca County transaction is expected to close by the end of 2017.

$DVN {{ '2017-07-31T12:25:51+0000' | timeago}} • Announcement

$DVN agreed monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its U.S. operations, proceeds from its recent $1Bil divestiture program have now reached $340MM. The transaction is expected to close by end of 2017.

$DVN {{ '2017-06-07T15:28:57+0000' | timeago}} • Announcement

$DVN has declared a quarterly cash dividend on its common stock for the third quarter of 2017. The dividend is payable on September 29, 2017, based on record date of September 15, 2017.

$DVN {{ '2017-05-03T16:24:43+0000' | timeago}} • Webcast

$DVN expects to see a significant upside to its risked inventory with additional appraisal activities. The company said a significant portion of appraisal dollars in Delaware Basin will be going into additional Wolfcamp wells in 2H17. Additionally, the company plans to do a lot of appraisal work in STACK.

$DVN {{ '2017-05-03T16:19:44+0000' | timeago}} • Webcast

$DVN has a very positive view on the Wolfcamp and said it will continue to deploy capital going forward. In terms of the areas of focus for 2017, the company said about 50% to 60% of well activity will be focused in both Leonard and Wolfcamp.

$DVN {{ '2017-05-03T10:31:57+0000' | timeago}} • Announcement

$DVN expects 2Q17 oil production of 230,000-240,000 barrels per day due to a planned turnaround at the company's Jackfish 3 facility and the timing of completions and new well tie-ins within the U.S. The reduced completion and tie-in activity in 2Q within the U.S. is expected to be driven entirely by the company's Eagle Ford asset.

$DVN {{ '2017-05-03T10:29:54+0000' | timeago}} • Announcement

$DVN continued to accelerate investment across its asset portfolio and exited 1Q17 with 15 rigs running. With these higher activity levels, $DVN continued to build operational momentum across its world-class U.S. resource plays by commencing production on more than 70 new wells in the quarter that achieved 30-day rates averaging 1,800 Boe per day.

$DVN {{ '2017-05-03T10:27:27+0000' | timeago}} • Announcement

$DVN's oil production for 1Q17 averaged 261,000 barrels per day, a 7% increase compared to 4Q16. The strong growth in oil production was driven entirely by the company's U.S. resource plays, where the company is attaining the highest margins within its portfolio.

$DVN {{ '2017-05-03T10:25:12+0000' | timeago}} • Announcement

$DVN swung to a profit in 1Q17 from a loss last year, on higher revenue as well as lower costs and expenses. Net income was $565MM or $1.07 per share compared to a loss of $3.06Bil or $6.44 per share in 1Q16. Revenue grew 59% to $3.55Bil, on higher commodity price realizations and product mix shift to higher-margin oil output. Core EPS was $0.41.

$DVN {{ '2017-05-02T20:57:43+0000' | timeago}} • Announcement

$DVN intends to divest approx. $1Bil of upstream assets across its portfolio. The non-core assets include select portions of the Barnett Shale focused primarily around Johnson County and other properties located principally within $DVN's US resource base. $DVN expects to commence the divestiture in 2Q17 and complete it over the next 12-18 months.

$DVN {{ '2017-04-19T21:38:23+0000' | timeago}} • Announcement

$DVN BoD elected Jeff Ritenour as executive vice president and chief financial officer, effective immediately. Ritenour replaces Tom Mitchell who is leaving the company to pursue other interests.

$DVN {{ '2017-03-01T18:52:49+0000' | timeago}} • Announcement

Oil and gas explorer $DVN declared a 2Q17 cash dividend of $0.06 per share. The dividend is payable on June 30, 2017, based on a record date of June 15, 2017.

$DVN {{ '2017-02-15T16:12:07+0000' | timeago}} • Webcast

With an improving cash flow stream, $DVN is planning to steadily ramp up drilling activity throughout the year to as many as 20 operated drilling rigs by the end of 2017, roughly doubling the rig count from year-end 2016.

$DVN {{ '2017-02-15T16:10:42+0000' | timeago}} • Webcast

As part of its strategic plan, $DVN plans to accelerate investment across its U.S. resource plays during 2017, while maintaining low cost structure to maximize profitability. The company plans for an upstream investment of $2Bil to $2.3Bil for 2017.

$DVN {{ '2017-02-14T21:30:40+0000' | timeago}} • Announcement

Oil and gas producer $DVN posted 4Q16 earnings of $331MM, or $0.63 per share, compared to net loss of $4.5Bil, or $11.12 per share during 4Q15. These earnings result were mainly due to higher commodity prices and improved cost structure. Revenues rose 16% YoY to $3.4Bil.

$DVN {{ '2016-12-06T21:50:27+0000' | timeago}} • Announcement

$DVN announced an increase to its risked drilling inventory in the Delaware Basin following a successful Leonard Shale stacked spacing test in southeast New Mexico.

$DVN {{ '2016-11-30T15:14:05+0000' | timeago}} • Announcement

$DVN said its BoD has declared a quarterly cash dividend of $0.06 per share on its common stock for 1Q17. The dividend is payable on March 31, 2017 based on a record date of March 15, 2017.

$DVN {{ '2016-11-02T18:19:48+0000' | timeago}} • Webcast

$DVN anticipates the capital in 2017 to be around $2Bil of E&P spend. The volumes in 2017 are being primarily driven by the completion works ongoing in the Eagle Ford and some other areas.

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