$DVN (Devon Energy Corporation)

$DVN {{ '2016-02-16T22:33:47+0000' | timeago}} • Announcement

Energy company $DVN said Darryl Smette, EVP of Marketing, Facilities, Pipeline and Supply Chain, and Frank Rudolph, EVP of Human Resources, both plan to retire in July. In addition, $DVN said Tony Vaughn, EVP of Exploration and Production, is being promoted to COO.

$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.

$DVN {{ '2016-11-02T18:08:41+0000' | timeago}} • Webcast

$DVN has plans in 2H17 to engage back into drilling campaign on the Jacobs row. The company’s drilling activity up until about mid-year 2017 will be concentrated in the Meramec curve. In 2H17, $DVN will move about four rigs into the Woodford campaign.

$DVN {{ '2016-11-02T17:49:58+0000' | timeago}} • Webcast

$DVN said the ten rigs planned for operations by 2016-end along with the completion activity being conducted is expected to drive volumes in 2017. The ramp-up to 15-20 rigs will provide higher growth levels moving into 2018, led by more than 30% growth in the STACK and Delaware.

$DVN {{ '2016-11-02T17:26:45+0000' | timeago}} • Webcast

$DVN is planning to ramp up drilling activity over the next several quarters to as many as 15-20 operated rigs in the US by 2017-end. This program would represent upstream capital spending of around $2Bil. On a retained asset basis, this focused investment in higher margin projects is expected to drive double-digit oil growth in the US in 2017.

$PXD {{ '2016-11-02T15:11:42+0000' | timeago}} • Webcast

$PXD increased its Martin County acreage position by acquiring about 28,000 net acres from $DVN for $429MM. The company sold its first two oil cargoes of 610,000 barrels for export to Europe.

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