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Devon slashes capex for 2016 by 75%, plans to trim workforce

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Devon slashes capex for 2016 by 75%, plans to trim workforce

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NewsPoster Joined: Mon Aug 30, 2010 9:56 am Posts: 20756	Devon slashes capex for 2016 by 75%, plans to trim workforce OGJ Production News Devon Energy Corp., Oklahoma City, plans capital expenditures in 2016 of $1.17-1.45 billion, down from $5.26 billion in 2015. That includes the firm’s exploration and production capital investment for 2016, which is estimated to range $900 million-1.1 billion, also a 75% decrease from that of 2015. Read more
Thu Feb 18, 2016 5:36 pm
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