Devon Energy Provides Hurricane Harvey Production Update
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As a precautionary measure for Hurricane Harvey, the company temporarily
suspended operations and shut-in production across its entire Eagle Ford
position in south
Additionally, temporary storm-related limitations in downstream
petrochemical capacity across the
In aggregate, Devon estimates the total impact of Hurricane Harvey to reduce its net liquids production in the Eagle Ford and select areas of the U.S. by 15,000 barrels per day in the third quarter of 2017 (approximately two-thirds oil). The company expects this one-time production impact to be confined to the third quarter and it represents one-half of 1 percent of Devon’s total expected volumes for the full-year 2017.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws. Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are beyond
the control of the company. These risks include, but are not limited to:
the continuing effects of Hurricane Harvey, including downstream
capacity, and any delays in restoring affected production; and the other
risks identified in the company’s Annual Report on Form 10-K and its
other filings with the
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Source:
Devon Energy Corporation
Investor Contacts
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405-552-4735
Chris Carr, 405-228-2496
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