ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

DVN Danavation Technologies Corp

0.005
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Danavation Technologies Corp CSE:DVN CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.005 0.005 0.01 0.005 0.005 0.005 16,000 01:00:00

Devon CEO: 2009 Production Seen Increasing By 7 Million BOE

05/08/2009 5:23pm

Dow Jones News


Danavation Technologies (CSE:DVN)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Danavation Technologies Charts.

Larry Nichols, chief executive of Devon Energy Corp. (DVN) said Wednesday the company would boost its production this year, despite production curtailments in the second half of 2009.

During a call to discuss the company's second quarter earnings, Nichols said that overall production would increase by 7 million barrels of oil equivalent in 2009. At the same time, the company plans to curtail production of 3 million barrels of oil equivalent a day. Devon will defer some well completions, shut in some marginal wells in the Rockies and slow its output in the Barnett Shale, where the company produced about 1.2 billion cubic feet of natural gas per day during the second quarter.

Despite a lower drilling activity, "our assets significantly outperformed expectations," Nichols said.

Devon now expects to produce 243 to 247 million barrels of oil equivalent - a 3% increase over 2008 levels.

-By Jason Womack, Dow Jones Newswires; 713-547-9201; jason.womack@dowjones.com

 
 

1 Year Danavation Technologies Chart

1 Year Danavation Technologies Chart

1 Month Danavation Technologies Chart

1 Month Danavation Technologies Chart

Your Recent History

Delayed Upgrade Clock