Tag: Devon Energy

Devon Energy completes sale of Access Pipeline for $1.1 billion

Devon Energy completes sale of Access Pipeline for $1.1 billion

At least two-thirds of the Devon’s sales proceeds are expected to be utilized for debt reduction OKLAHOMA CITY – Devon Energy Corp. today that it has completed the sale of its 50 per cent ownership interest in Access Pipeline to Wolf Midstream Inc., a portfolio company of Canada Pension Plan Investment Board, for CAD $1.4 […]

By October 7, 2016 0 Comments Read More →
Devon Energy announces third successful STACK spacing test

Devon Energy announces third successful STACK spacing test

Devon is accelerating activity in the STACK play by adding as many as 4 rigs in Q4 2016 OKLAHOMA CITY – Devon Energy Corp. announced it has successfully tested its third Meramec spacing pilot and commenced production on two high-rate, extended-reach lateral oil wells in the core of the over-pressured oil window of the STACK formation […]

By September 7, 2016 0 Comments Read More →
Devon Energy announces record-setting oil well with successful STACK test

Devon Energy announces record-setting oil well with successful STACK test

Well achieved 30-day average of 2,100 boe/d, consisting of 1,500 barrels of oil per day OKLAHOMA CITY – Devon Energy Corp. says it has brought online another successful spacing pilot and a claims a record-setting oil well in the over-pressured oil window of the STACK play. The Alma spacing pilot tested five wells per section across a […]

Devon Energy reports 16% oil production increase in Q4 year over year

Devon Energy reports 16% oil production increase in Q4 year over year

Oil production from core assets increased 26%, driven by Delaware Basin and Rockies (USA), Jackfish 3 project (Canada) Devon Energy Corp. today announced core earnings of $319 million, or $0.77 per diluted share for Q4, and a 16 per cent increase in oil production compared to the same quarter in 2014. On a reported basis, due […]

By February 17, 2016 0 Comments Read More →