Devon Energy at Work on Nearly $6 Billion in Projects as Oil, LNG Markets Grow
Attachment: Devon Energy, Oct 2018
SUGAR LAND--October 17, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Devon Energy Corporation (NYSE:DVN) (Oklahoma City, Oklahoma) is riding the wave of growth in the natural gas liquids (NGL) market and improved pricing in the oil market. The company recently resumed full-scale operations at a major complex in Canada's oil sands region, and estimates net third-quarter production in the U.S. will be a higher-than-expected 418,000 barrels of oil equivalent per day--driven by higher NGL yields and recoveries. Industrial Info is tracking $5.75 billion in active projects involving Devon.
Within this article: Details on some of Devon's highest-valued projects in development, including natural gas processing plants in the Permain Basin.
Other companies featured: Magellan Midstream Partners LP (NYSE:MMP), TransCanada Corporation (NYSE:TRP)
