Devon Energy
News
Devon CEO Muncrief to Retire, COO Gaspar to Take Top Job in March
Devon Energy President and CEO Rick Muncrief, who has led Devon during past four years, will retire March 1. The board named COO Clay Gaspar as his successor.
Vital Energy’s 57 Miles of Completed Lateral: A Midland Mega-unit
Vital Energy’s 20-well unit in southwestern Glasscock County, Texas, is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole — the equivalent of more than two marathons.
Analysts: Diamondback-Endeavor Deal Creates New Permian Super Independent
The tie-up between Diamondback Energy and Endeavor Energy—two of the Permian’s top oil producers—is expected to create a new “super-independent” E&P with a market value north of $50 billion.
No Money Down: Analysts See Logic in Chevron, Exxon M&A Strategy
Analysts are supportive of Exxon Mobil and Chevron’s all-stock deals in response to some grumbling among stockholders, saying the supermajors are saving cash for optionality and avoiding debt.
Private Equity Ownership in E&Ps Slips, Reducing Overhang: Truist
A Truist Securities study finds more diversity in private equity ownership of E&Ps and predicts more of them will keep their ownership for the longer term.
Gaspar: Energy ‘Not Going Out of Style’
Devon is thinking about energy ‘beyond oil and gas’ as it looks to supply future needs.
SUPER DUG 2023: Devon Energy's Clay Gaspar Emphasizes Long-term Approach [WATCH]
Devon Energy's Clay Gaspar said he is looking at the future of Devon Energy with 'a 2030 and a 2040 mindset.'
E&Ps Continue Robust Buybacks Even as Commodity Prices Falter
Stock buybacks continue to be a robust part of energy companies’ capital-return-to-investors strategy which experts see as a sign of the industry’s maturity and move toward retiring large portions of its market share.
Will ConocoPhillips Play Spoiler to Suncor’s $4B TotalEnergies Deal?
ConocoPhillips is “carefully” reviewing its first refusal rights in Surmont right of refusal to buy out partner TotalEnergies’ Surmont project as Suncor looks to buy TotalEnergies EP Canada for $4 billion.
Devon Energy Invests in Enhanced Geothermal Firm Fervo
Devon Energy joins other E&Ps exploring the geothermal space with a $10 million investment in Houston’s Fervo Energy.
Analysis: Big Oil, Biden Administration Spar Over Blame for Pain at the Pump
"What permits do they need? I don't think they need an embroidered invitation to drill," White House press secretary Jen Psaki told a press briefing on March 9.
2020 Oklahoma Key Players
Production updates confirm motivation in Oklahoma players’ dedication to the region.