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Devon Energy Corp.



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Devon Energy more than triples its third-quarter profit

NEW YORK (MarketWatch) -- Devon Energy Corp. said Wednesday its third-quarter net earnings jumped to $2.6 billion, or $5.87 a share, from $735 million, or $1.63 a share, in the year-ago period. On an adjusted basis, the Oklahoma City-based energy company reported a profit of $3.09 a share. Analysts polled by FactSet Research expected, on average, earnings of $3.05 a share. Total revenues...

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BLM to review protests of leasing of popular area

... Department, and many individuals.Leases have already been sold in the Little Mountain area, and Devon Energy Corp. has drilled one pilot natural-gas well and plans to drill another next year. It also has been conducting a seismic survey to gather data on where best to drill.Devon spokesman Chip Minty said the company has not determined the scope of any future drilling beyond the two...

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Devon buys stake in Utah gas field

Devon Energy Corp., the biggest U.S. independent oil and natural-gas producer, has bought a 44 percent stake in the Drunkard's Wash coal bed natural-gas field in Utah from a unit of Chevron Corp.