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OKLAHOMA CITY, May 01, 2024 -- Devon Energy Corp. today reported financial and operational results for the first-quarter 2024. The company also declared its quarterly dividend and provided an...
U.S. crude prices were largely range bound in the first three months of 2024 despite rising geopolitical tensions, as non-OPEC members kept up supplies, while a milder winter season and oversupply pushed natural gas prices to a 3-1/2-year low in the quarter. Devon said realized prices, without hedges, for natural gas in the reported quarter was $1.30 per thousand cubic feet (mcf), 43% lower than last year's $2.29 per mcf.
MONECO Advisors LLC increased its stake in shares of Devon Energy Co. (NYSE:DVN – Free Report) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,362 shares of the energy company’s stock after buying an additional 1,063 shares during the […]
Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests. The Railroad...