Earnings
Devon Ends Portfolio Review After Asset-Sale Uncertainty Weighed On 3,000 Families
Management says dealmaking will continue, while a pending Eagle Ford sale is expected to fund more share buybacks.
DVN
Devon Energy (DVN) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
SEC Filings
Devon’s $500 Million Pipeline Investment Plan Comes With About $900 Million In Loss Exposure
Solitude offers access to better gas pricing, but Devon’s contractual exposure exceeds its quarter-end cash balance.
Deals
Devon Energy Expects More Than $1 Billion In Fourth-Quarter Buybacks As Merger Benefits Grow
The oil and gas producer raised its merger-benefit outlook and plans to use Eagle Ford sale proceeds for buybacks and debt repayment.
Deals
Devon Energy Agrees To Sell Eagle Ford Assets To Crescent For $4.2 Billion Cash
Devon says after-tax proceeds will go to faster share buybacks and debt reduction; the sale covers about 4% of its total oil-equivalent production.