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Devon Energy Focuses On Oil Production

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By Susan Klann, Hart Energy
April 10, 2014

NEW YORK -- A more focused, oilier story was the message Devon Energy Corp.'s (NYSE: DVN) president and CEO John Richels brought to IPAA OGIS New York this week. It has been a busy early spring for the exploration and production (E&P) company. It has shed many of its holdings through divestitures. Most recently, Devon sold its Canadian conventional assets to Canadian Natural Resources Ltd. (TO: CNQ.TO) for CA$3.125 billion. The company’s retained Canadian business will consist of its thermal heavy oil, Lloydminster and Horn River assets.

The company plans ...


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