Table of Contents
Table of Contents 3
List of Tables 6
List of Figures 7
Devon Energy Corporation, Oil & Gas, Deals By Year, 2011 to YTD 2017 8
Devon Energy Corporation, Oil & Gas Deals By Type, 2011 to YTD 2017 9
Devon Energy Corporation, Oil & Gas, Deals By Region, 2011 to YTD 2017 10
Devon Energy Corporation, Oil & Gas, Deals By Sector, 2011 to YTD 2017 11
Devon Energy Corporation, Oil & Gas, Deals Summary, 2011 to YTD 2017 12
Devon Energy Corporation, Oil & Gas, Deal Details 16
Asset Purchase 16
Devon Energy Completes Acquisition Of 80,000 Net Acres In Anadarko Basin Stack Play In Oklahoma For US$1.51 Billion 16
Devon Energy Completes Acquisition Of 253,000 Net Acres In Powder River Basin In Wyoming For US$499 Million 18
Devon Energy Completes Acquisition Of 50% Interest In Cana-Woodford Shale Assets In Oklahoma From Cimarex Energy For US$248.7 Million 19
Devon Energy Completes Acquisition Of EagleFord Shale Assets From GeoSouthern Energy And Blackstone For US$6 Billion 20
Partnerships 22
Devon Energy Plans To Form Joint Venture To Develop Oil And Gas Operations 22
Devon Energy Plans To Form Joint Venture 23
Merger 24
Devon Energy Completes Merger Of US Midstream Assets With Crosstex Energy 24
Equity Offering 26
Devon Energy Completes Public Offering Of Shares For US$1.49 Billion 26
Enlink Midstream Completes Private Placement Of Units For US$50 Million 28
Devon Energy Completes Public Offering Of Common Units For US$673.6 Million 29
Devon Midstream Withdraws IPO Of Units 31
Devon Energy Files Shelf Registration Statement For Public Offering Of Securities 32
Debt Offering 33
Devon Energy Completes Public Offering Of 5.85% Notes Due 2025 For US$850 Million 33
Devon Energy Completes Public Offering Of 5% Senior Notes Due 2045 For US$750 Million 35
Devon Energy Completes Public Offering Of Notes Due 2015 For US$500 Million 37
Devon Energy Completes Public Offering Of Notes Due 2016 For US$350 Million 39
Devon Energy Completes Public Offering Of 1.2% Notes Due 2016 For US$650 Million 41
Devon Energy Completes Public Offering Of 2.25% Notes Due 2018 For US$750 Million 43
Devon Energy Completes Public Offering Of 1.875% Senior Notes Due 2017 For US$750 Million 45
Devon Energy Completes Public Offering Of 4.75% Senior Notes Due 2042 For US$750 Million 47
Devon Energy Completes Public Offering Of 3.25% Senior Notes Due 2022 For US$1 Billion 49
Devon Energy Completes Public Offering Of 2.4% Unsecured Senior Notes Due 2016 For US$500 Million 51
Devon Energy Completes Public Offering Of 4% Unsecured Senior Notes Due 2021 For US$500 Million 53
Devon Energy Completes Public Offering Of 5.6% Unsecured Senior Notes Due 2041 For US$1,250 Million 55
Asset Transactions 57
Devon Energy Plans To Sell Stack Play Assets In Oklahoma 57
Penn Virginia Completes Acquisition Of Oil And Gas Assets In Texas From Devon Energy For US$205 Million 58
Devon Energy Production Plans To Sell Oil And Gas Assets In Wyoming 60
Abraxas Completes Acquisition Of Oil And Gas Assets In Delaware Basin, Texas From Devon Energy For US$20.9 Million 61
Thunder Creek Acquires Midstream Assets In Wyoming From Devon Energy Production 63
Devon Energy Plans To Sell Non-Core Upstream Assets In US For Approximately US$1 Billion 64
Atmos Energy Acquires Natural Gas Pipeline In North Texas From EnLink Midstream For US$85 Million 65
Devon Energy Completes Sale Of Oil And Gas Assets In Southern Midland Basin In Texas For US$423 Million 66
Devon Energy Completes Sale Of Oil And Gas Assets In Texas For US$525 Million 67
Devon Energy Completes Sale Of Oil And Gas Assets In Anadarko Basin In Texas For US$310 Million 68
Pioneer Natural Resources Completes Acquisition Of 28,000 Net Acres In Northern Midland Basin In Texas From Devon Energy For US$435 Million 69
White Star Petroleum Completes Acquisition Of Mississippi Lime And Woodford Shale Oil And Gas Assets In Oklahoma Form Devon Energy For US$200 Million 70
BP Acquires Additional Interest In Northeast Blanco Unit In New Mexico From Devon Energy 72
Elk Petroleum Acquires 100% Interest In DJ Basin Oil Properties In Nebraska From Devon Energy For US$0.1 Million 73
MeiDu Energy To Acquire Oil Blocks In Texas From Devon Energy For US$3.8 Million 74
Linn Energy Completes Acquisition Of Non-Core Oil And Gas Assets In US From Devon For US$2.24 Billion 75
Devon Energy Plans To Sell Haynesville Shale Properties In Texas 77
Canadian Natural Resources Completes Acquisition Of Conventional Oil And Gas Assets In Western Canada From Devon Canada For US$3.1 Billion 78
Devon Canada Plans To Sell Oil And Gas Assets In British Columbia, Alberta, Saskatchewan, Manitoba 80
NorthWestern Completes Acquisition Of Natural Gas Production Assets In Bear Paw Basin Of Montana And 82% Interest In Havre Pipeline From Devon Energy For US$70.2 Million 81
Devon Energy Plans To Sell Utica Shale Assets In Ohio 83
Devon Energy Plans To Sell Tuscaloosa Shale Assets In Louisiana And Mississippi 84
Sumitomo Completes Acquisition Of 30% Interest In 650,000 Net Acres In Permian Basin, Texas From Devon Energy For US$1.39 Billion 85
Crestwood Midstream Partners Completes Acquisition Of Gas Gathering And Processing Assets In Johnson County, Texas From Devon Energy For US$87 Million 87
EFL Overseas Completes Acquisition Of 22.989% Working Interest In Kotaneelee Gas Project, Canada From Devon Canada For US$23.3 Million 88
Sinopec International Completes Acquisition Of 33.33% Interest In Five Shale Plays In US From Devon Energy For US$2.44 Billion 89
Chevron Acquires Marcellus Shale Acreage In Pennsylvania From Chief Oil & Gas And Tug Hill 91
BP Acquires Interest In 10 Oil And Gas Blocks In Brazil From Devon Energy 92
Maersk Oil Acquires 15% Interest In Block 16 in Angola From Devon Energy 94
EXCO Resources Acquires Natural Gas Properties In The Marcellus Shale From Chief Oil & Gas For US$459 Million 95
Acquisition 96
EnLink Midstream Completes Sale Of 31% Stake In Howard Midstream For US$193 Million 96
Wolf Midstream Completes Acquisition Of 50% Stake In Access Pipeline From Devon Energy For US$1.1 Billion 98
Devon Energy Completes Sale Of Royalty Interest In Oil And Gas Assets In Midland Basin In Texas For US$139 Million 100
EnLink Midstream Partners And EnLink Midstream Complete Acquisition Of Subsidiaries Of Tall Oak Midstream For US$1.55 Billion 101
EnLink Midstream Partners Acquires Remaining 25% Stake In EnLink Midstream Holdings From EnLink Midstream For Approximately US$900 Million 103
EnLink Midstream Completes Acquisition Of Victoria Express Pipeline From Devon Energy For Up To US$220 Million 104
EnLink Midstream Partners Acquires Additional 25% Stake In EnLink Midstream Holdings From EnLink Midstream For US$925 Million 106
EnLink Midstream Partners Acquires Remaining Stake In E2 Appalachian Compression And E2 Energy Services From EnLink Midstream For US$194 Million 107
Chief Oil & Gas, Tug Hill And Enerplus Acquire 55% Interest In MKR Holdings From Chesapeake For US$500 Million 108
Meritage Midstream Services Acquires Thunder Creek Gas Services, Midstream Energy Company, From Devon Energy And PVR Partners For US$206.6 Million 109
Devon Energy Corporation – Key Competitors 111
Devon Energy Corporation – Key Employees 112
Devon Energy Corporation – Locations And Subsidiaries 114
Head Office 114
Other Locations & Subsidiaries 114
Recent Developments 117
Financial Announcements 117
Oct 31, 2017: Devon Energy Reports Third-Quarter 2017 Results 117
Aug 01, 2017: Devon Energy Reports Second Quarter 2017 Results 120
May 02, 2017: Devon Energy Reports First-Quarter Results 123
Feb 14, 2017: Devon Energy Reports Fourth-Quarter And Full-Year 2016 Results; Provides Updated Capital And Production Outlook 126
Nov 01, 2016: Devon Energy Reports Third-Quarter 2016 Results 129
Aug 02, 2016: Devon Energy Reports Second-Quarter 2016 Results 132
May 03, 2016: Devon Energy Reports First-Quarter 2016 Results 135
Feb 16, 2016: Devon Energy Reports Fourth-Quarter And Full-Year 2015 Results; Provides 2016 Capital And Production Outlook 138
Other Significant Developments 141
Dec 05, 2017: Natural Gas, Oil Industry Launch Environmental Partnership To Accelerate Reductions In Methane, Vocs 141
Sep 15, 2017: Devon Energy Provides Hurricane Harvey Production Update 144
Sep 06, 2017: Devon Energy Provides Preliminary Update Regarding Impact Of Hurricane Harvey 145
Jul 17, 2017: Devon Energy To Discuss New Records In STACK At Hart Energy’s DUG Midcontinent Conference 146
Jul 11, 2017: Devon Energy Announces Record STACK Well Reaching 6,000 BOEPD Provides Development Update 147
Jun 28, 2017: Carrizo Oil & Gas Announces Delaware Basin Acquisition And Provides Operational Update 148
Jun 02, 2017: Cheniere Energy Announces Achievement Of Regulatory And Financial Milestones For Midship Pipeline Project 150
Apr 19, 2017: Devon Energy names new executive vice president and CFO 151
Mar 17, 2017: Cheniere Energy Announces Key Commercial Agreements Signed And Binding Open Season Launched On Midship Pipeline Project 152
Mar 08, 2017: Brookside Energy Announces Next Non-Operated STACK Well Funded 153
Jan 10, 2017: U.S. Department Of The Interior Cancels Remaining Oil And Gas Leases In Montana’s Badger 154
Dec 19, 2016: Devon Energy Announces Pricing Of Tender Offers 155
Dec 06, 2016: Devon Energy Announces Resource Expansion In The Delaware Basin With Successful Leonard Shale Spacing Test 156
Nov 16, 2016: Secretary Jewell, Senator Tester, Blackfeet Nation And Devon Energy Announce Cancellation Of Oil & Gas Leases In Montana’s Lewis And Clark National Forest 157
Sep 06, 2016: Devon Energy Announces Third Successful STACK Spacing Test And High-Rate Extended-Reach Oil Wells 158
Sep 06, 2016: Boron Capital Opens Non-Traditional Workforce Housing Facility In Midland As The Permian Basin Ramps Up Oil Production 159
Jul 18, 2016: Devon Energy Announces Successful STACK Spacing Test And Record-Setting Oil Well 160
Jul 01, 2016: White Star Closes On Acquisition Of Mississippi Lime And Woodford Shale Assets; Announces Completion Of Recapitalization Initiatives And Key Executive Appointments 161
May 04, 2016: Devon May Enhance Spending And Drilling If Oil Prices Continue To Increase 162
Apr 20, 2016: American Energy – Woodford Formalizes Name Change To White Star Petroleum With Key Executive Appointments 163
Feb 16, 2016: Devon Energy Announces Pending Retirements Of Darryl Smette, EVP Of Marketing, Facilities, Pipeline & Supply Chain, And Frank Rudolph, EVP Of Human Resources 164
Feb 16, 2016: Devon Energy To Cut 1,000 Jobs Due To Weak Oil Prices 165
Appendix 166
Methodology 166
About GlobalData 166
Contact Us 166
Disclaimer 166
Devon Energy Corporation, Oil & Gas, Key Facts, 2016 2
Devon Energy Corporation, Oil & Gas, Deals Summary, 2011 to YTD 2017 2
Devon Energy Corporation, Oil & Gas, Deals By Year, 2011 to YTD 2017 8
Devon Energy Corporation, Oil & Gas Deals By Type, 2011 to YTD 2017 9
Devon Energy Corporation, Oil & Gas, Deals By Region, 2011 to YTD 2017 10
Devon Energy Corporation, Deals By Sector, 2011 to YTD 2017 11
Devon Energy Corporation, Oil & Gas, Deals Summary, 2011 to YTD 2017 12
Devon Energy Completes Acquisition Of 80,000 Net Acres In Anadarko Basin Stack Play In Oklahoma For US$1.51 Billion 16
Devon Energy Completes Acquisition Of 253,000 Net Acres In Powder River Basin In Wyoming For US$499 Million 18
Devon Energy Completes Acquisition Of 50% Interest In Cana-Woodford Shale Assets In Oklahoma From Cimarex Energy For US$248.7 Million 19
Devon Energy Completes Acquisition Of EagleFord Shale Assets From GeoSouthern Energy And Blackstone For US$6 Billion 20
Devon Energy Plans To Form Joint Venture To Develop Oil And Gas Operations 22
Devon Energy Plans To Form Joint Venture 23
Devon Energy Completes Merger Of US Midstream Assets With Crosstex Energy 24
Devon Energy Completes Public Offering Of Shares For US$1.49 Billion 26
Enlink Midstream Completes Private Placement Of Units For US$50 Million 28
Devon Energy Completes Public Offering Of Common Units For US$673.6 Million 29
Devon Midstream Withdraws IPO Of Units 31
Devon Energy Files Shelf Registration Statement For Public Offering Of Securities 32
Devon Energy Completes Public Offering Of 5.85% Notes Due 2025 For US$850 Million 33
Devon Energy Completes Public Offering Of 5% Senior Notes Due 2045 For US$750 Million 35
Devon Energy Completes Public Offering Of Notes Due 2015 For US$500 Million 37
Devon Energy Completes Public Offering Of Notes Due 2016 For US$350 Million 39
Devon Energy Completes Public Offering Of 1.2% Notes Due 2016 For US$650 Million 41
Devon Energy Completes Public Offering Of 2.25% Notes Due 2018 For US$750 Million 43
Devon Energy Completes Public Offering Of 1.875% Senior Notes Due 2017 For US$750 Million 45
Devon Energy Completes Public Offering Of 4.75% Senior Notes Due 2042 For US$750 Million 47
Devon Energy Completes Public Offering Of 3.25% Senior Notes Due 2022 For US$1 Billion 49
Devon Energy Completes Public Offering Of 2.4% Unsecured Senior Notes Due 2016 For US$500 Million 51
Devon Energy Completes Public Offering Of 4% Unsecured Senior Notes Due 2021 For US$500 Million 53
Devon Energy Completes Public Offering Of 5.6% Unsecured Senior Notes Due 2041 For US$1,250 Million 55
Devon Energy Plans To Sell Stack Play Assets In Oklahoma 57
Penn Virginia Completes Acquisition Of Oil And Gas Assets In Texas From Devon Energy For US$205 Million 58
Devon Energy Production Plans To Sell Oil And Gas Assets In Wyoming 60
Abraxas Completes Acquisition Of Oil And Gas Assets In Delaware Basin, Texas From Devon Energy For US$20.9 Million 61
Thunder Creek Acquires Midstream Assets In Wyoming From Devon Energy Production 63
Devon Energy Plans To Sell Non-Core Upstream Assets In US For Approximately US$1 Billion 64
Atmos Energy Acquires Natural Gas Pipeline In North Texas From EnLink Midstream For US$85 Million 65
Devon Energy Completes Sale Of Oil And Gas Assets In Southern Midland Basin In Texas For US$423 Million 66
Devon Energy Completes Sale Of Oil And Gas Assets In Texas For US$525 Million 67
Devon Energy Completes Sale Of Oil And Gas Assets In Anadarko Basin In Texas For US$310 Million 68
Pioneer Natural Resources Completes Acquisition Of 28,000 Net Acres In Northern Midland Basin In Texas From Devon Energy For US$435 Million 69
White Star Petroleum Completes Acquisition Of Mississippi Lime And Woodford Shale Oil And Gas Assets In Oklahoma Form Devon Energy For US$200 Million 70
BP Acquires Additional Interest In Northeast Blanco Unit In New Mexico From Devon Energy 72
Elk Petroleum Acquires 100% Interest In DJ Basin Oil Properties In Nebraska From Devon Energy For US$0.1 Million 73
MeiDu Energy To Acquire Oil Blocks In Texas From Devon Energy For US$3.8 Million 74
Linn Energy Completes Acquisition Of Non-Core Oil And Gas Assets In US From Devon For US$2.24 Billion 75
Devon Energy Plans To Sell Haynesville Shale Properties In Texas 77
Canadian Natural Resources Completes Acquisition Of Conventional Oil And Gas Assets In Western Canada From Devon Canada For US$3.1 Billion 78
Devon Canada Plans To Sell Oil And Gas Assets In British Columbia, Alberta, Saskatchewan, Manitoba 80
NorthWestern Completes Acquisition Of Natural Gas Production Assets In Bear Paw Basin Of Montana And 82% Interest In Havre Pipeline From Devon Energy For US$70.2 Million 81
Devon Energy Plans To Sell Utica Shale Assets In Ohio 83
Devon Energy Plans To Sell Tuscaloosa Shale Assets In Louisiana And Mississippi 84
Sumitomo Completes Acquisition Of 30% Interest In 650,000 Net Acres In Permian Basin, Texas From Devon Energy For US$1.39 Billion 85
Crestwood Midstream Partners Completes Acquisition Of Gas Gathering And Processing Assets In Johnson County, Texas From Devon Energy For US$87 Million 87
EFL Overseas Completes Acquisition Of 22.989% Working Interest In Kotaneelee Gas Project, Canada From Devon Canada For US$23.3 Million 88
Sinopec International Completes Acquisition Of 33.33% Interest In Five Shale Plays In US From Devon Energy For US$2.44 Billion 89
Chevron Acquires Marcellus Shale Acreage In Pennsylvania From Chief Oil & Gas And Tug Hill 91
BP Acquires Interest In 10 Oil And Gas Blocks In Brazil From Devon Energy 92
Maersk Oil Acquires 15% Interest In Block 16 in Angola From Devon Energy 94
EXCO Resources Acquires Natural Gas Properties In The Marcellus Shale From Chief Oil & Gas For US$459 Million 95
EnLink Midstream Completes Sale Of 31% Stake In Howard Midstream For US$193 Million 96
Wolf Midstream Completes Acquisition Of 50% Stake In Access Pipeline From Devon Energy For US$1.1 Billion 98
Devon Energy Completes Sale Of Royalty Interest In Oil And Gas Assets In Midland Basin In Texas For US$139 Million 100
EnLink Midstream Partners And EnLink Midstream Complete Acquisition Of Subsidiaries Of Tall Oak Midstream For US$1.55 Billion 101
EnLink Midstream Partners Acquires Remaining 25% Stake In EnLink Midstream Holdings From EnLink Midstream For Approximately US$900 Million 103
EnLink Midstream Completes Acquisition Of Victoria Express Pipeline From Devon Energy For Up To US$220 Million 104
EnLink Midstream Partners Acquires Additional 25% Stake In EnLink Midstream Holdings From EnLink Midstream For US$925 Million 106
EnLink Midstream Partners Acquires Remaining Stake In E2 Appalachian Compression And E2 Energy Services From EnLink Midstream For US$194 Million 107
Chief Oil & Gas, Tug Hill And Enerplus Acquire 55% Interest In MKR Holdings From Chesapeake For US$500 Million 108
Meritage Midstream Services Acquires Thunder Creek Gas Services, Midstream Energy Company, From Devon Energy And PVR Partners For US$206.6 Million 109
Devon Energy Corporation, Key Competitors 111
Devon Energy Corporation, Key Employees 112
Devon Energy Corporation, Other Locations 114
Devon Energy Corporation, Subsidiaries 114