Devon Energy Reaps Wins from Eagle Ford Bet in First-Quarter 2015, Cuts Capex to Just Less than $5 Billion

SUGAR LAND--May 7, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--It's very clear, we've heard this song before: Devon Energy (NYSE:DVN) (Oklahoma City, Oklahoma), a leading oil and gas producer, reported record oil production in first-quarter 2015, which was more than offset by $5.46 billion in write-downs that stemmed mostly from collapsing commodity prices. Even a 72% jump in U.S. operations, driven by rapid growth in Eagle Ford Shale assets that were acquired just a year ago, could not make up for the plunge in per-barrel crude prices. Industrial Info is tracking $5.64 billion in projects related to Devon.

Within this article: Details on Devon's quarter and projects, including the planned addition of a train to a natural gas-processing plant in Louisiana.

Other companies featured: EnLink Midstream Partners (NASDAQ:ENLK)