Devon Energy beats production estimates in fourth quarter - Dealers Care

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Wednesday, 20 February 2019

Devon Energy beats production estimates in fourth quarter

(Reuters) - Oil and gas producer Devon Energy Corp reported a better-than-expected quarterly production on Tuesday, aided by more output from its U.S. shale assets, sending its shares up 6 percent after the bell. The Oklahoma-based company also said its board had authorized the sale of its assets in Canada and in the gas-rich Barnett shale patch in the United States, to become a pure-play oil producer.

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