OKLAHOMA CITY, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Devon Energy (NYSE: DVN)
announced that it expects fourth-quarter production to be reduced by 2 percent,
or 15,000 oil-equivalent barrels (Boe) per day, due to the impact of severe
winter weather across its operations. These curtailments are estimated to limit
Devons production to an average of 636,000 Boe per day in the fourth
quarter, including 316,000 barrels per day of oil.
The most significant production impact was associated with the companys
Williston Basin operations. Severe weather conditions during December resulted
in well shut-ins, facility downtime and delays in completion activity. Devon
has successfully restored the affected production across all its operating
areas and expects the weather-related downtime to be confined to the fourth
quarter.
ABOUT DEVON ENERGY
Devon Energy is a leading oil and gas producer in the U.S. with a premier
multi-basin portfolio headlined by a world-class acreage position in the
Delaware Basin. Devons disciplined cash-return business model is designed to
achieve strong returns, generate free cash flow and return capital to
shareholders, while focusing on safe and sustainable operations. For more
information, please visit www.devonenergy.com