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In April 2014, the company acquired the conventional assets in Canada of Devon Energy for C$3.125 billion. [17] In 2017, the company acquired the Canadian oil sands assets of Royal Dutch Shell, including a 70% working interest in the Athabasca Oil Sands Project, for $5.3 billion in cash plus 97,560,975 shares. The shares were sold in 2018. [18 ...
Devon was founded in 1971 by John Nichols (1914-2008) and his son, J. Larry Nichols. [4] In 1988, the company became a public company via an initial public offering. [4]In October 2012, the company completed construction of its current headquarters, the 50-story Devon Energy Center in Oklahoma City, Oklahoma and closed its office in the Allen Center in Downtown Houston.
Devon is a town in the Edmonton Metropolitan Region of Alberta, Canada. It is approximately 26 km (16 mi) southwest of Edmonton , the provincial capital, along the southern bank of the North Saskatchewan River .
The natural gas market is heating up in 2014. Despite the rally, Devon Energy won't benefit as much as it could have, given its shift away from natural gas to oil production. Let's examine the ...
In 1971, along with his father, John Nichols, an oilman, J. Larry Nichols co-founded Devon Energy. He served as chief executive officer of the company from 1980 to 2010, was president from 1976 until 2003, was chairman from 2000 to 2012, and was executive chairman from 2013 to 2016. [4] [2] [5] In 2001, he was inducted into the Oklahoma Hall of ...
Santa Fe Snyder Corporation was an independent oil and gas exploration and production company headquartered in Houston, Texas. [1] The company was formed by the 1999 merger of Houston-based Santa Fe Energy Resources and Fort Worth-based Snyder Oil Corporation. Santa Fe Snyder merged with Devon Energy in August 2000. Devon Energy Corp., Oklahoma ...
Canada is the world's eighth-largest economy as of 2022, with a nominal GDP of approximately US$2.2 trillion. [1] It is a member of the Organisation for Economic Co-operation and Development (OECD) and the Group of Seven (G7), and is one of the world's top ten trading nations , with a highly globalized economy.
The pipeline system used to carry bitumen out and diluent in is the 343-kilometre (213 mi) Access Pipeline which MEG co owns with Devon ARL Corp. [10] Phase 3 - the most important part of the project is currently awaiting regulatory approval (May 2011). Estimated production is 150,000 barrels per day (24,000 m 3 /d).