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US Shale Producers Pioneer, Devon Considering Variable Dividend

2020-08-06 11:00:00| OGI

Shale firms are searching for a way to reward shareholders after years of poor financial returns, and Pioneer CEO Scott Sheffield said it is trying to carve out a new model for a volatile industry that is out of favor with investors.

Tags: variable pioneer producers dividend

Devon Energy Aims to Clinch Early Barnett Exit

2020-08-04 23:30:00| OGI

Devon Energys Barnett Shale exit, a deal potentially worth up to $830 million, will now close at the beginning of October rather than the end of the year.

Tags: early energy exit aims

Devon Energy Curtails 10,000 Barrels of Daily Oil Production

2020-06-16 21:45:00| OGI

Devon Energy also plans to run two hydraulic fracturing crews in the second half of the year, and expects to exit 2020 with a backlog of 100 drilled-but-uncompleted wells.

Tags: daily production energy oil

Occidental, Devon Energy Post Quarterly Losses On Billion-dollar Charges

2020-05-05 23:05:00| OGI

Both Occidental Petroleum and Devon Energy also announced plans on May 5 to deepen cuts for the third time since March in response to the historic crash of oil prices.

Tags: post energy charges quarterly