Oklahoma City’s Devon Energy has released its July 2019 Investor Presentation, one that boasts of defining the “New Devon.”
It says the company has a world-class U.S. oil portfolio with unrivaled acreage position in the top basins, multi-decade growth inventory and resource depth allowing for portfolio high-grading.
The new report cites oil production from four major plays including Oklahoma’s STACK where its oil production in the first quarter of 2019 totaled 123 MBoed while production in the Eagle Ford was 50 MBoed. Devon’s active in the Powder River basin of Wyoming where production is 21 Mboed. Its production in the Delaware basin in West T exas is 107 Mboed.
Devon says it saw a 17 percent oil growth rate in the first quarter.
Read the entire Investor Presentation by clicking here.