Devon Energy Corp.

+0.33 (+0.83%)
Debt Financing / Related, Other Pre-Announcement

Devon Energy Issues Updated Guidance Including Impact From Winter Storm And Asset Sale

Published: 03/29/2021 12:16 GMT
Devon Energy Corp. (DVN) - Devon Energy - Expects Oil Production in Q1 of 261,000 to 265,000 Barrels per Day & Total Production of 485,000 to 499,000 Oil-equivalent Barrels per Day.
Devon Energy Corp - Sale of Wind River Asset in Wyoming is Expected to Reduce 2021 Oil Production by 2,000 Barrels per Day.
Devon Energy Corp - First-quarter Production is Estimated to Be Reduced by 8 Percent Due to Impact of Severe Winter Weather.
Devon Energy Corp - Has Restored Its Production to Pre-storm Levels and Expects Weather-related Downtime to Be Confined to Q1.
Devon Energy Corp - Per-unit Expenses Are Expected to Increase by About 5 Percent in Q1 As a Result of Weather Impact Across Devon's Operations.