Articles tagged Devon Energy

Devon Energy Corp. expects its Permian Basin natural gas production to increase along with its exposure to premium Gulf Coast pricing once the Matterhorn Express and Blackcomb pipelines enter service, according to management.

A consortium of operators that own the Whistler Pipeline LLP, which moves Permian Basin natural gas to the Gulf Coast, has launched another project designed to move up to 2.5 Bcf/d more supply for LNG exports and Mexico.

Lower 48 stalwart Devon Energy Corp. has taken a leap into the super-charged acquisition game, with a goal to triple its Williston Basin production, by snapping up private equity-backed Grayson Mill Energy LLC in a $5 billion cash-and-stock takeover.

Devon Energy Corp. has a bundle of opportunities from which to choose when it allocates its capital in the Lower 48, but it has always come down to the price of natural gas and oil, a top executive said this week.

Mergers and acquisitions (M&A) within the U.S. upstream fell to their lowest annual volume in nearly two decades last year, according to new research by Enverus Intelligence Research (EIR).

Devon Energy Corp., known as a sizable Lower 48 independent, is considering an LNG offtake agreement and investment stake intended to send natural gas volumes to Europe in a move management says is more about the firm’s DNA than the market of the moment.

Delfin Midstream Inc. has landed another potential offtaker for its Gulf Coast LNG project with Devon Energy Corp., as the Permian Basin-weighted independent seeks international exposure for its Lower 48 natural gas.

Lower 48 giant Devon Energy Corp. is becoming even larger after agreeing to buy Eagle Ford Shale pure-play Validus Energy for $1.8 billion.

On the back of strong performance in the Permian Basin, Devon Energy Corp. reported higher natural gas and oil production during the second quarter, with efficiencies helping to hold the line on costs.

Oklahoma City-based Devon Energy Corp. on Monday joined many of its Lower 48 oil and gas peers in establishing environmental performance targets to reduce the carbon intensity of its operations and cut overall emissions from its supply chain.