The partnership includes an executed heads of agreement (HOA) for long-term liquefaction capacity and a pre-financial investment decision (FID) strategic investment by Devon in Delfin. The HOA provides the framework for finalizing a definitive long-term […]
Aug 9 (Reuters) – Shale producer Devon Energy (DVN.N) said on Tuesday it will buy Validus Energy, an Eagle Ford basin operator, for $1.8 billion in cash. The deal comes at a time when oil producers are […]
Devon Energy Corp. wrapped up its previously announced purchase of RimRock Oil and Gas LP on July 21, described by Devon as a “bolt-on” acquisition in the Williston Basin. Oklahoma City-based Devon had entered into a definitive […]
HOUSTON, Jul. 14 /BusinessWire/ — Three leading U.S. oil and natural gas producing companies, Pioneer Natural Resources Company (NYSE:PXD), Devon Energy Corp. (NYSE:DVN) and ConocoPhillips (NYSE:COP), jointly announced today that they have joined the Oil […]
Three of the largest U.S. oil companies – ConocoPhillips (NYSE:COP), Devon Energy (NYSE:DVN) and Pioneer Natural Resources (NYSE:PXD) – said Thursday they have joined a United Nations-backed group working to curb greenhouse gas emissions. The Oil […]
News of a new Devon Energy Corp. acquisition might have had investors expecting an expansion in the Permian Basin. Instead, Devon’s $865 million Bakken bolt-on of RimRock Oil and Gas LP, announced on June 8, highlights the strategic value […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 3.4 million barrels for the week to March 25. This compared with a decline of 2.5 million barrels the EIA […]
The U.S. shale patch is on the verge of a new boom in mergers and acquisitions, in which companies that have expanded with recent deals are expected to continue growing via acquisitions of scale to […]
The seemingly unstoppable rally in oil prices over the past year or so has made it harder for energy investors to choose between oil and gas and renewable energy stocks. While it’s hard to predict how far oil […]
“That’s the max,” chief executive Rick Muncrief told analysts today, citing the steep backwardation in the oil market due to uncertainty around the potential return of Iranian supplies as well as other factors. “That’s why […]
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