Devon Energy Provides Preliminary Update Regarding Impact of Hurricane Harvey
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As a precautionary measure in preparation for Hurricane Harvey, the company temporarily ceased drilling, well-completion activity and shut-in production across its entire Eagle Ford position. Post-storm inspections indicated that Devon’s producing assets and facilities sustained only minimal damage. The company has restarted drilling operations and expects to have the vast majority of its affected production online by the end of the week.
Devon is working with its downstream providers to minimize midstream and
fractionation curtailments in the
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
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405-552-4735
Chris Carr, 405-228-2496
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