Devon Energy’s Clay Gaspar will be the keynote speaker at next month’s Executive Oil Conference and Exhibition in Midland, Texas.
His keynote address will be “The Permian Dividend Gusher.” As Executive Vice President and Chief Operating Officer, Gaspar will discuss what it takes to succeed in the nation’s most prolific shale play— and how Devon plans to make the most of its Permian assets.
Among the Permian’s largest producers, Devon Energy is flowing dividends from its portfolio-wide 291,000 bbl/d with quarterly FCF of nearly $600 million. The company also announced a fixed-plus-variable dividend of 49 cents per share — 44% higher than last quarter’s payout — underscoring its focus on shareholder returns.
The conference will be held Nov. 3-4 at the Midland County Horseshoe Arena & Pavilion.