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Zacks News
Devon Energy Corporation based in Oklahoma City is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company’s oil and gas operations are mainly concentrated in the onshore areas of North America, primarily in the United States. The company was founded in 1971. IIn June 2019, Devon completed the sale of substantially all oil and gas assets, as well as operations in Canada. In October 2020, the company completed the sale of Barnett Shale assets. In aggregate, estimated proved reserves associated with these assets were 400 MMBoe (million barrels of oil equivalent), accounting for 21% of total proved reserves.
What's Behind the Recent Frenzy of U.S. Energy M&A Deals?
by Nilanjan Choudhury
Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP) and Devon Energy (DVN) have all recently acquired smaller firms with attractive asset bases.
Shale Mergers Strengthening: ETFs to Benefit
by Sanghamitra Saha
The energy space has warmed up to solid deal activities with the U.s. shale industry announcing back-to-back merger deals.
The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Transocean, Devon and Pioneer Natural
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Transocean, Devon and Pioneer Natural
ConocoPhillips Confirms $9.7B Acquisition Deal With Concho
by Zacks Equity Research
Apart from the all-stock nature of the transaction, another important point that is making most analysts favor the deal is the low debt levels of both ConocoPhillips (COP) and Concho (CXO).
Oil & Gas Drillers Add Highest Rig in US Since 2020 Begining
by Zacks Equity Research
Per Baker Hughes' (BKR) data, the weekly count of oil drilling rigs rises the most since January, thanks to recovering crude prices.
Permian Basin Adds Oil Drilling Rigs for 3 Straight Weeks
by Zacks Equity Research
As economies are reopening, most analysts opine that drillers will continue to add oil rigs.
Canadian Natural Concludes Acquisition Deal With Painted Pony
by Zacks Equity Research
Per the takeover deal, Canadian Natural (CNQ) acquires Painted Pony's outstanding shares worth 69 Canadian cents per share.
Permian Basin Adds Oil Drilling Rigs for 2 Straight Weeks
by Zacks Equity Research
As economies are reopening, most analysts believe that drillers will continue to add oil rigs.
Devon Sells Barnett Shale Assets, to Focus on Oil Resources
by Zacks Equity Research
Devon Energy (DVN) completes the sale of its Barnett Shale assets, which improves its liquidity. This will allow the company to focus on oil rich basins.
Is the Options Market Predicting a Spike in Devon (DVN) Stock?
by Zacks Equity Research
Investors need to pay close attention to Devon (DVN) stock based on the movements in the options market lately.
Stock Market News for Sep 29, 2020
by Zacks Equity Research
Wall Street closed sharply higher on Monday following positive development regarding the approval of a fresh coronavirus-aid package.
Oil & Gas Stock Roundup: Devon-WPX Merger, TOTAL's Solar Push & More
by Nilanjan Choudhury
Devon Energy (DVN) and WPX Energy (WPX) agreed to combine in a bid to strengthen their Permian Basin position, while TOTAL (TOT) enters into a deal to develop 3.3 GW of solar projects in Spain.
Investors Hopeful on Stimulus; Devon, WPX Merge
by Mark Vickery
Based on a relatively oversold market through most of last week, bargain-shopping investors are looking to get in on the rebound trade.
Devon & WPX Energy Eyeing Permian Dominance Through Merger
by Jewel Saha
Per a media report, Devon (DVN) and WPX Energy (WPX) are in merger talks, which will create another company with a strong presence in the prolific Permian Basin.
US Oil & Gas Rig Tally Increases in 3 of 5 Weeks
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will continue to increase.
Permian Basin Witnesses Removal of Two Oil Drilling Rigs
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will again start increasing.
Crude Sell-Off Deepens As EIA Reports First Build in 7 Weeks
by Nilanjan Choudhury
EIA report for the week ending Sep 4 revealed that crude inventories rose by 2 million barrels compared to expectations of a 500,000-barrel decline.
U.S. Rig Count Declines for the Sixth Consecutive Month
by Zacks Equity Research
With oil prices recovering gradually, most analysts opine that the decline in the tally of monthly rig in the United States will narrow down further.
US Oil & Gas Rig Tally Increases in 2 of Last 3 Weeks
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will continue to increase.
Why Is Devon Energy (DVN) Down 11.5% Since Last Earnings Report?
by Zacks Equity Research
Devon Energy (DVN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Transocean, Devon and Diamondback
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Transocean, Devon and Diamondback
US Oil & Gas Rig Tally Flat Despite Hurricane Laura
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will again start to increase.
US Oil & Gas Plays Witness Uptick in Rig Tally After 23 Weeks
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will continue to increase.
Bet on 3 US Upstream Energy Stocks With Low Debt Exposure
by Kaibalya Pravo Dey
Over the past few years, oil and gas producers have not only worked tirelessly to cut costs to a bare minimum but also have looked for innovative ways to churn out more hydrocarbons.
US Oil & Gas Rig Tally Hits Record Lows for 15 Straight Weeks
by Zacks Equity Research
If crude recovery sustains, since more people are getting back to work on easing lockdown measures, many explorers will consider adding rigs.