Oklahoma City’s Devon Energy has released its March Investor Presentation, highlighting its growth and accomplishments in the past year.
The presentation emphasizes divestiture proceeds of $30 billion, its new assets and how its portfolio is positioned in the top oil basins in North America.
It also discusses superior oil growth and pricing, improved per-unit costs and how its inventory supports sustainable long-term growth.
Devon points out how it is aggressively pursuing improved cost structure and is restructuring to unlock potential of New Devon. A break-down of accelerated capital efficiencies in 2019 show nearly $2 billion in exploration and production including 21% in Oklahoma’s STACK, 47% in the Delaware basin of West Texas, 16% in the Eagle Ford of South Texas and 16% in Wyoming’s Powder River Basin.
Click here to see entire presentation.