Devon Energy Corporation (NYSE:DVN) Files An 8-K Results of Operations and Financial Condition
Item 2.02
DEVON ENERGY CORP/DE Exhibit
EX-99.1 2 d786062dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NEWS RELEASE Devon Energy Reports Second-Quarter 2019 Results Highlights • Production above guidance; and capital spending below guidance • Delaware Basin volumes advance 58 percent year over year • Oil production guidance raised for second time in 2019 • Capital spending outlook lowered by $50 million • Reallocating STACK capital to Delaware and Powder River • Operating and G&A cost-savings initiatives continue to trend ahead of plan • Stock repurchase program decreases outstanding share count by 24 percent OKLAHOMA CITY – Aug. 6,…
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About Devon Energy Corporation (NYSE:DVN)
Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company’s operations are concentrated in various North American onshore areas in the United States and Canada. The Company also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day. The Company operates through three segments: U.S., Canada and EnLink. Devon’s U.S. and Canadian segments are engaged in oil and gas exploration and production activities. EnLink’s operations consist of midstream assets and operations located across the United States. Its projects include Delaware Basin, STACK, Eagle Ford, Rockies Oil, Heavy Oil, Barnett Shale, and other assets, which are located in the Midland Basin, east Texas, Granite Wash and Mississippian-Lime areas. In addition, the Company holds interest in Jackfish and Pike.
