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Devon Energy Sets Eyes on Oil Production in 2013, Despite Earnings Damage From Low Gas Prices, an Industrial Info News Alert
By: Marketwired .
Nov. 8, 2012 06:15 AM
SUGAR LAND, TX -- (Marketwire) -- 11/08/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading U.S. oil and gas company Devon Energy Corporation (NYSE:DVN) (Oklahoma City, Oklahoma) reported a steep decline in earnings and revenues for the third quarter of 2012, as sharply lower prices for oil, gas and natural gas liquid (NGL) offset the benefits of increased production. The company reported a net loss for the quarter of $719 million, compared with net earnings of $1.04 billion in third-quarter 2011. Industrial Info is tracking more than $7 billion in active projects involving Devon.
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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.
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