This investor presentation provides an overview of Devon Energy Corporation and its growth strategy focused on the STACK and Delaware Basin assets. Devon has over 30,000 potential locations across the STACK and Delaware Basin that represent a multi-decade growth opportunity. The company plans to advance development in these core areas while divesting less competitive assets to strengthen its balance sheet. Devon is also focused on operational excellence initiatives to improve capital efficiency and financial returns.
This document provides an investor presentation for Devon Energy from December 2017. It summarizes Devon's competitive advantages as having a multi-decade growth platform focused on its STACK and Delaware assets, with top-tier operating results and over 30,000 potential locations across the two areas. It outlines Devon's 2020 vision to further high-grade its asset portfolio, expand per-unit margins, improve balance sheet strength, and focus on financial returns through continued development of STACK and Delaware and potential multi-billion dollar divestitures of less competitive assets.
Devon Energy has developed a competitive advantage through its technology and data-driven approach. It has established centers of excellence and strategic partnerships to rapidly deploy innovations across its operations. Devon's culture embraces data-driven decision making, and it has realized hundreds of millions in annual savings through optimized drilling, completions, production, and supply chain management. Devon sees its continued investment in artificial intelligence, machine learning, and other advanced analytics as offering a multibillion dollar opportunity to further improve performance across its operations.
- Devon Energy is focused on its Delaware and STACK assets which have over 30,000 potential drilling locations and provide a multi-decade growth platform.
- Devon's 2020 vision is to enhance returns through disciplined capital investment, improve its financial strength with a net debt to EBITDA target of 1.0-1.5x, and return cash to shareholders including a $4 billion share repurchase program.
- Devon has raised its 2018 U.S. oil production guidance by 200 basis points to 145-150 thousand barrels of oil per day, representing 16% growth over 2017, driven by efficiencies and well productivity gains in its Delaware and STACK assets.
Devon Energy held an investor presentation in June 2018 to outline its strategic vision through 2020. The presentation highlighted Devon's focus on its Delaware and STACK assets, with potential locations exceeding 30,000. Devon aims to drive significant cash flow growth through 2020 by concentrating activity in these core areas and improving capital efficiency with a goal of reducing costs by 15%. Devon also outlined initiatives to further strengthen its financial position, including portfolio simplification through $5 billion in asset divestitures and $4 billion in share repurchases.
This document provides an investor update from Devon Energy (DVN) regarding its business and operations. It lists investor relations contacts and provides forward-looking statements and non-GAAP information disclosures. The main points are that Devon has a premier asset portfolio focused on top North American resource plays, significant financial strength following asset divestitures raising $3.2 billion, and is delivering top-tier results while disciplinedly allocating capital. Key areas discussed include the STACK play in Oklahoma where Devon has a large position and is accelerating activity, and the Meramec formation within STACK which is emerging as one of the best oil resource plays in North America.
Credit Suisse, 19th Annual Summit Energy Conference
February 13, 2014
Rob Saltiel
President and CEO
Atwood Oceanics, Inc.
Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The company currently owns 13 mobile offshore drilling units and is constructing three ultra-deepwater drillships. The company was founded in 1968 and is headquartered in Houston, Texas. Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange under the symbol "ATW."
This investor presentation by Devon Energy provides an overview of the company, highlights recent operational successes, and outlines the strategic plan and capital investment approach for 2017. Key aspects include ramping up activity in core assets like the STACK and Delaware Basin plays to accelerate production and cash flow growth, achieving significant cost savings and efficiency gains, and maintaining a strong financial position.
Jp morgan hy bond conference 022916 final (1)IronMInc
Iron Mountain is a global leader in storage and information management services. It has over $3 billion in annual revenue from its core records and information management business, which accounts for 75% of total revenue. The company also has data management and shredding businesses. Iron Mountain has a large global real estate portfolio of over 70 million square feet across 1,100 facilities that provides a stable rental revenue stream. The company's strategic plan focuses on growing its core business, expanding in emerging markets, pursuing adjacent business opportunities like data centers, and increasing ownership of operating properties. Iron Mountain expects this plan to deliver cost reductions, revenue growth, and increased cash flow and returns.
This document provides an investor presentation for Devon Energy from December 2017. It summarizes Devon's competitive advantages as having a multi-decade growth platform focused on its STACK and Delaware assets, with top-tier operating results and over 30,000 potential locations across the two areas. It outlines Devon's 2020 vision to further high-grade its asset portfolio, expand per-unit margins, improve balance sheet strength, and focus on financial returns through continued development of STACK and Delaware and potential multi-billion dollar divestitures of less competitive assets.
Devon Energy has developed a competitive advantage through its technology and data-driven approach. It has established centers of excellence and strategic partnerships to rapidly deploy innovations across its operations. Devon's culture embraces data-driven decision making, and it has realized hundreds of millions in annual savings through optimized drilling, completions, production, and supply chain management. Devon sees its continued investment in artificial intelligence, machine learning, and other advanced analytics as offering a multibillion dollar opportunity to further improve performance across its operations.
- Devon Energy is focused on its Delaware and STACK assets which have over 30,000 potential drilling locations and provide a multi-decade growth platform.
- Devon's 2020 vision is to enhance returns through disciplined capital investment, improve its financial strength with a net debt to EBITDA target of 1.0-1.5x, and return cash to shareholders including a $4 billion share repurchase program.
- Devon has raised its 2018 U.S. oil production guidance by 200 basis points to 145-150 thousand barrels of oil per day, representing 16% growth over 2017, driven by efficiencies and well productivity gains in its Delaware and STACK assets.
Devon Energy held an investor presentation in June 2018 to outline its strategic vision through 2020. The presentation highlighted Devon's focus on its Delaware and STACK assets, with potential locations exceeding 30,000. Devon aims to drive significant cash flow growth through 2020 by concentrating activity in these core areas and improving capital efficiency with a goal of reducing costs by 15%. Devon also outlined initiatives to further strengthen its financial position, including portfolio simplification through $5 billion in asset divestitures and $4 billion in share repurchases.
This document provides an investor update from Devon Energy (DVN) regarding its business and operations. It lists investor relations contacts and provides forward-looking statements and non-GAAP information disclosures. The main points are that Devon has a premier asset portfolio focused on top North American resource plays, significant financial strength following asset divestitures raising $3.2 billion, and is delivering top-tier results while disciplinedly allocating capital. Key areas discussed include the STACK play in Oklahoma where Devon has a large position and is accelerating activity, and the Meramec formation within STACK which is emerging as one of the best oil resource plays in North America.
Credit Suisse, 19th Annual Summit Energy Conference
February 13, 2014
Rob Saltiel
President and CEO
Atwood Oceanics, Inc.
Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The company currently owns 13 mobile offshore drilling units and is constructing three ultra-deepwater drillships. The company was founded in 1968 and is headquartered in Houston, Texas. Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange under the symbol "ATW."
This investor presentation by Devon Energy provides an overview of the company, highlights recent operational successes, and outlines the strategic plan and capital investment approach for 2017. Key aspects include ramping up activity in core assets like the STACK and Delaware Basin plays to accelerate production and cash flow growth, achieving significant cost savings and efficiency gains, and maintaining a strong financial position.
Jp morgan hy bond conference 022916 final (1)IronMInc
Iron Mountain is a global leader in storage and information management services. It has over $3 billion in annual revenue from its core records and information management business, which accounts for 75% of total revenue. The company also has data management and shredding businesses. Iron Mountain has a large global real estate portfolio of over 70 million square feet across 1,100 facilities that provides a stable rental revenue stream. The company's strategic plan focuses on growing its core business, expanding in emerging markets, pursuing adjacent business opportunities like data centers, and increasing ownership of operating properties. Iron Mountain expects this plan to deliver cost reductions, revenue growth, and increased cash flow and returns.
Aegis Growth Conference Investor Presentation October 2015broadwind
The document provides an overview of Broadwind Energy Inc. and discusses its business segments, financial performance, and outlook. It notes that Broadwind obtained industry data from third party sources and its forecasts are subject to risks and uncertainties. It summarizes Broadwind's tower, gearing, and services segments and discusses recent financial results, backlog, liquidity, and strategic plans to improve operations and divest the unprofitable services business.
This document provides contact information for Devon Energy's investor relations team. It also contains standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The rest of the document summarizes Devon's operations and financial position, highlighting its high-quality asset portfolio including top positions in the STACK and Delaware Basin plays, significant financial strength following asset sales, and a focus on capital discipline and returns.
This report summarizes real estate market trends in Montreal for the first half of 2015. Key points include:
- The Montreal real estate market saw positive but marginal growth in the first half of 2015, driven by job growth, low oil prices, and a weaker Canadian dollar.
- Major construction projects like new hospitals and infrastructure upgrades supported development activity.
- Real estate investment trust (REIT) performance was generally poor, with many trading below net asset value, likely leading to more mergers and acquisitions.
- Commercial property sales volumes increased across most sectors compared to the first half of 2014, with the largest gains in industrial and retail properties.
- Capitalization rates remained historically low and stable
SandRidge Energy presented at an energy conference, outlining its strategy to thrive in a lower oil price environment through capital discipline and efficiency gains. Key points:
- The company plans to reduce its 2015 capital expenditures to $700 million, down from $1.6 billion in 2014, through lower well costs, expanded use of multilaterals, and other efficiencies.
- SandRidge expects its new strategy will allow it to grow production 6% in 2015 while drilling fewer wells and lowering its rig count.
- The company has a strong hedge position and recently negotiated more flexible debt covenants to bolster its financial position in the current market.
SandRidge Energy presented at an energy conference, outlining their operations and strategy in response to lower oil prices. Key points included:
1) A $700 million capital budget for 2015, down from $1.6 billion in 2014, focusing on efficiency gains and expanded use of multilaterals to preserve returns.
2) Demonstrating success in 2014 through production growth, increased reserves, and pioneering multilaterals in the Mississippian.
3) Pursuing appraisal and redevelopment opportunities in legacy reservoirs like the Chester and Woodford to further extend the drilling inventory.
02 24-16 fourth quarter & fy 2015 financial review finalAES_BigSky
This document provides a summary of AES Corporation's financial results for the fourth quarter and full year of 2015. Some key points:
- Adjusted EPS decreased to $1.22 from $1.30 in 2014 due to negative impacts from foreign exchange rate changes and certain business units, partially offset by positive impacts from other business units and a reduction in shares outstanding.
- In 2015, AES brought online 1,484 MW of new generation projects and has an additional 5,620 MW currently under construction globally.
- AES returned $757 million to shareholders in 2015 through share repurchases and dividends, representing 62% of discretionary cash. An additional $345 million was used to reduce corporate debt.
Investor day combined presentation with non gaa ps(1)Delta_Airlines
This document summarizes a presentation by Delta Airlines on its business strategy and financial goals. It discusses Delta's record financial results in 2014, including $4.5 billion in pre-tax earnings and over $3 billion in free cash flow. It outlines Delta's goals for continued margin expansion, earnings growth, and high returns on capital through 2015 and beyond via capacity growth, pricing improvements, and cost productivity initiatives. Lower fuel prices are also expected to provide a $1.7 billion earnings benefit in 2015.
This document provides an overview of The AES Corporation and contains forward-looking statements. It summarizes AES's business operations across four continents with 36 GW in operation and 6 GW under construction. It also outlines AES's value proposition, financial metrics, growth drivers through 2018 including a largely funded construction program, and capital allocation plans through 2018 that are expected to increase shareholder value.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclaimers about the use of forward-looking statements and non-GAAP financial measures in company presentations. The document provides contact details for Devon's vice president of investor relations and investor relations supervisor for any investor inquiries.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The document encourages investors to review Devon's SEC filings for additional important disclosures.
The document provides guidance for SandRidge Energy's 2015 operations including:
- Capital expenditures of $700 million focused on drilling and production in key areas.
- Production guidance of 28-30.5 million barrels of oil equivalent.
- Plans to reduce rig count from 19 to 7 while expanding use of multilaterals.
- Focus on capital discipline, cost reductions, and preserving drilling locations and returns.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclaimers about forward-looking statements, non-GAAP financial measures, and SEC definitions. The rest of the document summarizes Devon's asset portfolio and operating strategy, highlights successful well results and cost savings, and discusses two of Devon's key resource plays, STACK and the Meramec, in more detail.
This document provides an investor presentation for Devon Energy from November 2016. It summarizes Devon's asset portfolio, including premier positions in the STACK, Delaware Basin, and other US resource plays. It highlights Devon's operating strategy to maximize productivity and reduce costs, delivering best-in-class well results. The presentation outlines Devon's plans to accelerate activity in the STACK and Delaware Basin while preserving continuity in other plays. It also emphasizes Devon's strong financial position and hedging program.
Capital Power April Investor PresentationCapital Power
Capital Power is an independent power producer with over 3,100 MW of generation capacity across Canada and the US. They have a well-positioned fleet mix including gas, wind and coal assets. Capital Power has a proven track record of operational excellence with high plant availability. They also have a strong financial position and investment grade credit ratings. Capital Power is well positioned to deliver consistent dividend growth going forward as they expand their contracted cash flows.
This document is Devon Energy's January 2019 investor presentation which provides an overview of the company. It summarizes Devon's key assets including its Delaware Basin, STACK, and Rockies positions. It highlights Devon's disciplined growth strategy of focusing investment on its top U.S. oil plays, maintaining financial strength through debt reduction and hedging, and returning cash to shareholders. The presentation also reviews Devon's operational excellence, strong ESG performance, and secured supply chain positioning the company for continued success.
Salesforce reported record quarterly revenue of over $1 billion and continued strong growth across key metrics like deferred revenue and customer retention rates. The company is making significant investments in technology, markets, and distribution to expand its total addressable market, especially in marketing automation through acquisitions like ExactTarget. Salesforce is developing the Salesforce1 platform to connect customers, partners, employees and devices through an "API first" approach.
This document provides an investor presentation for SandRidge Energy. It summarizes the company's strategic focus on increasing capital efficiency through well cost reductions and expanded use of multilaterals. SandRidge plans to reduce 2015 capital expenditures to $700 million while still guiding for 6% production growth. The presentation highlights recent operational successes in increasing reserves by 37% and improving type curves. It also outlines opportunities in appraising new zones like the Chester and Woodford formations while defending the company's strong position in the Mississippian play.
This document provides an investor presentation for Devon Energy from December 2017. It summarizes Devon's competitive advantages as having a multi-decade growth platform focused on its STACK and Delaware assets, with top-tier operating results from over 30,000 potential locations across the two areas. It outlines Devon's 2020 vision to further high-grade its asset portfolio, expand per-unit margins, improve balance sheet strength, and focus on financial returns through continued development of these core assets.
Devon Energy presented at the Bank of America Merrill Lynch Global Energy Conference on November 16, 2017. Devon highlighted its STACK and Delaware Basin assets as multi-decade growth platforms with over 30,000 potential locations combined. Devon outlined its 2020 vision of further high-grading its asset portfolio, expanding per-unit margins, improving its balance sheet strength, and focusing on financial returns through continued development of these core areas. Devon also provided a preliminary outlook for 2018 of over 30% production growth in STACK and Delaware, a $2-2.5 billion capital program funded within cash flows, and $1 billion targeted for debt reduction.
This document provides an investor presentation for Devon Energy. It summarizes Devon's competitive advantages in the STACK and Delaware Basin areas, with over 30,000 potential locations. Devon's 2020 vision is to further high-grade its asset portfolio, expand per-unit margins, improve its balance sheet strength, and focus on financial returns. Key projects highlighted include the Showboat and Anaconda developments in the STACK and Delaware Basin, aimed at co-developing multiple zones to increase efficiencies.
This document provides an overview of Devon Energy Corporation and its strategy. It summarizes that Devon has over 30,000 potential locations focused on developing its STACK and Delaware assets, which it views as multi-decade growth platforms. Devon's 2020 vision is to further high-grade its asset portfolio through divestitures, expand per-unit margins, improve its balance sheet strength, and focus on financial returns.
This document provides an investor presentation for Devon Energy from April 2018. It summarizes Devon's investment thesis of having a multi-decade growth platform focused on its Delaware and STACK assets with over 30,000 potential locations. It outlines Devon's 2020 vision to deliver over 25% annual oil production growth from these areas while improving its financial strength and returning cash to shareholders. The presentation provides details on Devon's 2018 capital plan, operational excellence initiatives across its assets, and significant opportunities for continued production and cash flow growth through 2020 and beyond.
Aegis Growth Conference Investor Presentation October 2015broadwind
The document provides an overview of Broadwind Energy Inc. and discusses its business segments, financial performance, and outlook. It notes that Broadwind obtained industry data from third party sources and its forecasts are subject to risks and uncertainties. It summarizes Broadwind's tower, gearing, and services segments and discusses recent financial results, backlog, liquidity, and strategic plans to improve operations and divest the unprofitable services business.
This document provides contact information for Devon Energy's investor relations team. It also contains standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The rest of the document summarizes Devon's operations and financial position, highlighting its high-quality asset portfolio including top positions in the STACK and Delaware Basin plays, significant financial strength following asset sales, and a focus on capital discipline and returns.
This report summarizes real estate market trends in Montreal for the first half of 2015. Key points include:
- The Montreal real estate market saw positive but marginal growth in the first half of 2015, driven by job growth, low oil prices, and a weaker Canadian dollar.
- Major construction projects like new hospitals and infrastructure upgrades supported development activity.
- Real estate investment trust (REIT) performance was generally poor, with many trading below net asset value, likely leading to more mergers and acquisitions.
- Commercial property sales volumes increased across most sectors compared to the first half of 2014, with the largest gains in industrial and retail properties.
- Capitalization rates remained historically low and stable
SandRidge Energy presented at an energy conference, outlining its strategy to thrive in a lower oil price environment through capital discipline and efficiency gains. Key points:
- The company plans to reduce its 2015 capital expenditures to $700 million, down from $1.6 billion in 2014, through lower well costs, expanded use of multilaterals, and other efficiencies.
- SandRidge expects its new strategy will allow it to grow production 6% in 2015 while drilling fewer wells and lowering its rig count.
- The company has a strong hedge position and recently negotiated more flexible debt covenants to bolster its financial position in the current market.
SandRidge Energy presented at an energy conference, outlining their operations and strategy in response to lower oil prices. Key points included:
1) A $700 million capital budget for 2015, down from $1.6 billion in 2014, focusing on efficiency gains and expanded use of multilaterals to preserve returns.
2) Demonstrating success in 2014 through production growth, increased reserves, and pioneering multilaterals in the Mississippian.
3) Pursuing appraisal and redevelopment opportunities in legacy reservoirs like the Chester and Woodford to further extend the drilling inventory.
02 24-16 fourth quarter & fy 2015 financial review finalAES_BigSky
This document provides a summary of AES Corporation's financial results for the fourth quarter and full year of 2015. Some key points:
- Adjusted EPS decreased to $1.22 from $1.30 in 2014 due to negative impacts from foreign exchange rate changes and certain business units, partially offset by positive impacts from other business units and a reduction in shares outstanding.
- In 2015, AES brought online 1,484 MW of new generation projects and has an additional 5,620 MW currently under construction globally.
- AES returned $757 million to shareholders in 2015 through share repurchases and dividends, representing 62% of discretionary cash. An additional $345 million was used to reduce corporate debt.
Investor day combined presentation with non gaa ps(1)Delta_Airlines
This document summarizes a presentation by Delta Airlines on its business strategy and financial goals. It discusses Delta's record financial results in 2014, including $4.5 billion in pre-tax earnings and over $3 billion in free cash flow. It outlines Delta's goals for continued margin expansion, earnings growth, and high returns on capital through 2015 and beyond via capacity growth, pricing improvements, and cost productivity initiatives. Lower fuel prices are also expected to provide a $1.7 billion earnings benefit in 2015.
This document provides an overview of The AES Corporation and contains forward-looking statements. It summarizes AES's business operations across four continents with 36 GW in operation and 6 GW under construction. It also outlines AES's value proposition, financial metrics, growth drivers through 2018 including a largely funded construction program, and capital allocation plans through 2018 that are expected to increase shareholder value.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclaimers about the use of forward-looking statements and non-GAAP financial measures in company presentations. The document provides contact details for Devon's vice president of investor relations and investor relations supervisor for any investor inquiries.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The document encourages investors to review Devon's SEC filings for additional important disclosures.
The document provides guidance for SandRidge Energy's 2015 operations including:
- Capital expenditures of $700 million focused on drilling and production in key areas.
- Production guidance of 28-30.5 million barrels of oil equivalent.
- Plans to reduce rig count from 19 to 7 while expanding use of multilaterals.
- Focus on capital discipline, cost reductions, and preserving drilling locations and returns.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclaimers about forward-looking statements, non-GAAP financial measures, and SEC definitions. The rest of the document summarizes Devon's asset portfolio and operating strategy, highlights successful well results and cost savings, and discusses two of Devon's key resource plays, STACK and the Meramec, in more detail.
This document provides an investor presentation for Devon Energy from November 2016. It summarizes Devon's asset portfolio, including premier positions in the STACK, Delaware Basin, and other US resource plays. It highlights Devon's operating strategy to maximize productivity and reduce costs, delivering best-in-class well results. The presentation outlines Devon's plans to accelerate activity in the STACK and Delaware Basin while preserving continuity in other plays. It also emphasizes Devon's strong financial position and hedging program.
Capital Power April Investor PresentationCapital Power
Capital Power is an independent power producer with over 3,100 MW of generation capacity across Canada and the US. They have a well-positioned fleet mix including gas, wind and coal assets. Capital Power has a proven track record of operational excellence with high plant availability. They also have a strong financial position and investment grade credit ratings. Capital Power is well positioned to deliver consistent dividend growth going forward as they expand their contracted cash flows.
This document is Devon Energy's January 2019 investor presentation which provides an overview of the company. It summarizes Devon's key assets including its Delaware Basin, STACK, and Rockies positions. It highlights Devon's disciplined growth strategy of focusing investment on its top U.S. oil plays, maintaining financial strength through debt reduction and hedging, and returning cash to shareholders. The presentation also reviews Devon's operational excellence, strong ESG performance, and secured supply chain positioning the company for continued success.
Salesforce reported record quarterly revenue of over $1 billion and continued strong growth across key metrics like deferred revenue and customer retention rates. The company is making significant investments in technology, markets, and distribution to expand its total addressable market, especially in marketing automation through acquisitions like ExactTarget. Salesforce is developing the Salesforce1 platform to connect customers, partners, employees and devices through an "API first" approach.
This document provides an investor presentation for SandRidge Energy. It summarizes the company's strategic focus on increasing capital efficiency through well cost reductions and expanded use of multilaterals. SandRidge plans to reduce 2015 capital expenditures to $700 million while still guiding for 6% production growth. The presentation highlights recent operational successes in increasing reserves by 37% and improving type curves. It also outlines opportunities in appraising new zones like the Chester and Woodford formations while defending the company's strong position in the Mississippian play.
This document provides an investor presentation for Devon Energy from December 2017. It summarizes Devon's competitive advantages as having a multi-decade growth platform focused on its STACK and Delaware assets, with top-tier operating results from over 30,000 potential locations across the two areas. It outlines Devon's 2020 vision to further high-grade its asset portfolio, expand per-unit margins, improve balance sheet strength, and focus on financial returns through continued development of these core assets.
Devon Energy presented at the Bank of America Merrill Lynch Global Energy Conference on November 16, 2017. Devon highlighted its STACK and Delaware Basin assets as multi-decade growth platforms with over 30,000 potential locations combined. Devon outlined its 2020 vision of further high-grading its asset portfolio, expanding per-unit margins, improving its balance sheet strength, and focusing on financial returns through continued development of these core areas. Devon also provided a preliminary outlook for 2018 of over 30% production growth in STACK and Delaware, a $2-2.5 billion capital program funded within cash flows, and $1 billion targeted for debt reduction.
This document provides an investor presentation for Devon Energy. It summarizes Devon's competitive advantages in the STACK and Delaware Basin areas, with over 30,000 potential locations. Devon's 2020 vision is to further high-grade its asset portfolio, expand per-unit margins, improve its balance sheet strength, and focus on financial returns. Key projects highlighted include the Showboat and Anaconda developments in the STACK and Delaware Basin, aimed at co-developing multiple zones to increase efficiencies.
This document provides an overview of Devon Energy Corporation and its strategy. It summarizes that Devon has over 30,000 potential locations focused on developing its STACK and Delaware assets, which it views as multi-decade growth platforms. Devon's 2020 vision is to further high-grade its asset portfolio through divestitures, expand per-unit margins, improve its balance sheet strength, and focus on financial returns.
This document provides an investor presentation for Devon Energy from April 2018. It summarizes Devon's investment thesis of having a multi-decade growth platform focused on its Delaware and STACK assets with over 30,000 potential locations. It outlines Devon's 2020 vision to deliver over 25% annual oil production growth from these areas while improving its financial strength and returning cash to shareholders. The presentation provides details on Devon's 2018 capital plan, operational excellence initiatives across its assets, and significant opportunities for continued production and cash flow growth through 2020 and beyond.
This document provides an investor presentation for Devon Energy Corporation (DVN). It includes information on DVN's leadership team and contact information, forward-looking statements, use of non-GAAP measures, and cautionary notes for investors. The presentation outlines DVN's investment thesis of being a multi-decade growth platform focused on its Delaware and STACK assets with over 30,000 potential locations combined. It provides details on DVN's 2020 strategic vision and targets for production growth, cost reductions, asset sales, financial improvements, and returning cash to shareholders.
This document provides an investor presentation for Devon Energy Corporation (DVN). It summarizes DVN's operations in the STACK and Delaware Basins, where it has over 30,000 potential locations across the two plays. DVN is focused on expanding high-margin production from these core areas to drive rapid cash flow growth. The presentation outlines DVN's strategic vision to optimize its portfolio and balance sheet through 2020 to improve returns and deliver top-tier value to shareholders.
The document is Devon Energy's September 2018 investor presentation. It highlights Devon's $4 billion share repurchase program, the largest ever by an E&P company. It also discusses Devon's 2020 vision of enhancing returns through disciplined capital investment and portfolio simplification efforts. Devon expects to exceed its $5 billion divestiture target by the end of 2018. The presentation provides operational and financial updates, including Devon's outlook for significant cash flow growth driven by its high-margin U.S. oil portfolio.
- Devon Energy is focused on its Delaware and STACK assets which have over 30,000 potential drilling locations and represent a multi-decade growth platform.
- Devon's 2020 vision is to enhance returns through disciplined capital investment, improve its financial strength with a net debt to EBITDA target of 1.0-1.5x, and return cash to shareholders including a $1 billion share repurchase program.
- Portfolio simplification efforts include the potential for over $5 billion in asset divestitures to further focus on its core Delaware and STACK assets.
- Devon Energy is focused on its Delaware and STACK assets which have over 30,000 potential drilling locations and represent a multi-decade growth platform.
- Devon's 2020 vision is to enhance returns through disciplined capital investment, improve its financial strength with a net debt to EBITDA target of 1.0-1.5x, and return cash to shareholders including a $1 billion share repurchase program.
- Devon is pursuing portfolio simplification with the potential for over $5 billion in asset divestitures to further focus on its core Delaware Basin and STACK assets.
- Devon Energy presented at the UBS Global Oil and Gas Conference on May 23, 2018.
- Devon outlined its 2020 vision which includes growing higher-value oil production in the Delaware and STACK areas, improving financial strength, and returning cash to shareholders.
- Key initiatives include a $1 billion share repurchase program, raising the dividend by 33%, and a $1 billion debt reduction plan.
This document is Devon Energy's presentation at the J.P. Morgan Energy Conference on June 18, 2018. It discusses Devon's 2020 vision of enhancing returns through disciplined capital investment and portfolio simplification. Devon aims to achieve net debt to EBITDA of 1.0-1.5x, complete $5 billion in asset divestitures, and return $4 billion to shareholders via stock buybacks. The presentation outlines Devon's operational excellence strategy and updated 2018 outlook with 16% growth in US oil production.
The document is Devon Energy's August 2018 investor presentation. It highlights Devon's focus on its Delaware and STACK assets which have over 30,000 potential locations combined, providing a multi-decade growth platform. Devon's 2020 vision is to enhance returns through disciplined capital investment, simplify its portfolio through divestitures exceeding $5 billion, improve its financial strength, and return cash to shareholders. Key initiatives include a $4 billion share repurchase program and increasing its quarterly dividend by 33%.
The document is Devon Energy's August 2018 investor presentation. It highlights Devon's focus on its Delaware and STACK assets which have over 30,000 potential locations combined, allowing for multi-decade production growth. Devon has initiatives underway to optimize returns including a $4 billion share repurchase program, a 33% increase to its dividend, and a plan to reduce debt and exceed its $5 billion divestiture target. The presentation also provides operational and financial updates showing Devon is on track to deliver 16% growth in US oil production in 2018.
Devon Energy held an investor presentation in October 2018 to highlight its strategic focus on capital efficiency, portfolio simplification, and improving financial strength. The company expects to exceed its $5 billion divestiture target by the end of 2018. Devon also outlined its $4 billion share repurchase program and plans to increase its quarterly dividend. The presentation emphasized Devon's commitment to optimizing returns and delivering capital-efficient cash flow growth through 2020.
Devon Energy is an oil and gas exploration and production company with operations focused on North America. In a December 2018 investor presentation, Devon outlines its disciplined growth strategy, strong financial position, and high-return capital program focused on its top U.S. assets including the Delaware Basin and STACK play. Devon expects to deliver oil production growth of 15-19% in 2019 with a capital budget of $2.4-2.7 billion, maintaining financial strength and returning cash to shareholders.
Devon Energy presented at the Bank of America Merrill Lynch Global Energy Conference on November 14, 2018. Devon is an oil and gas exploration and production company with a market capitalization of around $20 billion and Q3 production of 522 thousand barrels of oil equivalent per day, of which 67% was liquids. Devon outlined its disciplined growth strategy, key accomplishments in 2018 including US oil growth ahead of plan and debt reduction of over 40%, and strategic objectives including funding high-return projects and returning cash to shareholders.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The document highlights Devon's high-quality asset portfolio, with a focus on increasing activity and investment in the STACK and Delaware Basin plays to deliver production and cash flow growth.
This document provides contact information for Devon Energy's investor relations team. It also contains forward-looking statements and cautions readers that certain terms used such as "resource potential" are more speculative than proved reserves estimates. The document discusses Devon's asset portfolio, financial strength following divestitures, and operating strategy to maximize production and reduce costs. It highlights top-performing areas including the STACK play in Oklahoma and Delaware Basin in New Mexico, and provides details on well results and significant inventory in these core resource plays.
This document provides contact information for Devon Energy's investor relations team. It also contains standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The rest of the document summarizes Devon's operations and financial position, highlighting its high-quality asset portfolio, significant financial strength, and track record of strong well results and cost reductions. It focuses on Devon's leading positions in the STACK and Delaware Basin plays and provides details on recent well performance and significant resource potential across the company's key areas.
This document provides an investor presentation for Devon Energy from August 2019. It summarizes Devon's strategy of focusing on its high-quality U.S. oil portfolio, improving cost structure and capital efficiency, generating free cash flow, and delivering value to shareholders through returning capital. Key highlights include raising 2019 oil growth guidance, lowering capital spending outlook, aggressively improving costs, and advancing its divestiture program to further strengthen its balance sheet.
This investor presentation summarizes Devon Energy's strategy and operations. It highlights Devon's high-quality U.S. oil portfolio, with multi-decade growth potential from key basins like the Delaware Basin, STACK, and Powder River. Devon plans to aggressively improve its cost structure, generate free cash flow above $46 WTI, and return capital to shareholders through stock buybacks and dividend increases. In the Delaware Basin, Devon is focusing on Bone Spring and Wolfcamp projects and achieving record well productivity, with average cumulative oil per well reaching over 300,000 barrels.
Devon Energy is completing its transformation into a U.S. oil growth company by focusing on its world-class oil assets in the Delaware Basin, STACK, Eagle Ford, and Powder River. It is pursuing strategic alternatives for its Barnett Shale and Canadian assets. Devon is targeting $780 million in cost savings and increasing its share buyback program to $5 billion to reduce shares outstanding by nearly 30%. It is increasing its quarterly dividend by 13% and has a multi-decade inventory of high-return locations supporting long-term growth.
Devon Energy is completing its transformation into a U.S. oil growth company by focusing on its world-class oil assets in the Delaware Basin, STACK, Eagle Ford, and Powder River Basin. It is pursuing strategic alternatives for its Barnett Shale and Canadian assets to be completed by the end of 2019. Devon is targeting $780 million in cost savings from its retained U.S. oil business and has increased its share buyback program to $5 billion.
- Devon Energy is completing its transformation into a U.S. oil growth company by focusing on its core U.S. oil assets and pursuing strategic alternatives for its Canadian and Barnett Shale assets.
- It is targeting $780 million in annual cost savings by 2021 from operational efficiencies and restructuring, and has an increased $5 billion share repurchase program.
- The company expects to deliver 12-17% annual oil production growth through 2021 and generate over $1.6 billion in cumulative free cash flow at $55 WTI oil prices, while maintaining its strong financial position.
This document summarizes Devon Energy's presentation at the J.P.Morgan Energy Equity Conference on June 26, 2017. Devon has a premier portfolio of assets focused on the STACK and Delaware Basin plays, which provide multi-decade growth potential through large drilling inventories. Devon is accelerating its capital investment and rig activity to rapidly expand its high-margin production while maintaining a strong financial position and investment-grade credit ratings. The company is focused on operational excellence and technological innovation to improve capital efficiency and well productivity.
2. 2| Investor Presentation
Investor Contacts & Notices
Investor Relations Contacts
Scott Coody, Vice President, Investor Relations
(405) 552-4735 / scott.coody@dvn.com
Chris Carr, Supervisor, Investor Relations
(405) 228-2496 / chris.carr@dvn.com
Forward-Looking Statements
This presentation includes "forward-looking statements" as defined by the Securities and Exchange Commission (the “SEC”). Such statements are subject to a variety of
risks and uncertainties that could cause actual results or developments to differ materially from those projected in the forward-looking statements. Please refer to the
slide entitled “Forward-Looking Statements” included in this presentation for other important information regarding such statements.
Use of Non-GAAP Information
This presentation may include non-GAAP financial measures. Such non-GAAP measures are not alternatives to GAAP measures, and you should not consider these non-
GAAP measures in isolation or as a substitute for analysis of our results as reported under GAAP. For additional disclosure regarding such non-GAAP measures, including
reconciliations to their most directly comparable GAAP measure, please refer to Devon’s most recent earnings release at www.devonenergy.com.
Cautionary Note to Investors
The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves that meet the SEC's definitions for such
terms, and price and cost sensitivities for such reserves, and prohibits disclosure of resources that do not constitute such reserves. This presentation may contain certain
terms, such as resource potential, risked or unrisked resource, potential locations, risked or unrisked locations, exploration target size and other similar terms. These
estimates are by their nature more speculative than estimates of proved, probable and possible reserves and accordingly are subject to substantially greater risk of being
actually realized. The SEC guidelines strictly prohibit us from including these estimates in filings with the SEC. Investors are urged to consider closely the disclosure in our
Form 10-K, available at www.devonenergy.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or from the SEC’s website at www.sec.gov.
4. 4| Investor Presentation
Devon’s 2020 Vision
Advance STACK & Delaware activity
Monetize less competitive assets
Multi-billion dollar divestiture potential
Further high-grade
asset portfolio
Expand
per-unit margins
Shift production to higher-value products
Maximize margins by lowering cost structure
Improve
balance sheet strength
Divestiture proceeds to reduce debt
Net debt to EBITDA target: 1.0x – 1.5x
Focus on
financial returns
Deliver top-tier returns on invested capital
Return cash to shareholders
5. 5| Investor Presentation
2017 Capital Program
Disciplined focus on value and returns
Capital program funded within cash flow
Shifting to full-field development
Efficiencies driving capital costs lower
For additional information see our Q3 operations report.
2 0 1 7 e E & P C A P I T A L
$2.0-2.1 Billion
U.S. Rig Activity
(~20 development rigs in Q4)
STACK &
DELAWARE
90%
10%OTHER
ASSETS
6. 6| Investor Presentation
Expanding High-Returning Oil Production
Rapidly growing highest-value product
Driven by STACK & Delaware Basin
Building operational momentum into 2018
102(1)
Q4 2016 2017e Q4 2017e
+~15%
(vs. Q4 16)
+~20%
(vs. Q4 16)
U.S. Oil Production
MBOD
For additional information see our Q3 operations report. (1) Adjusted for the sale of minor, non-core assets
7. 7| Investor Relations Presentation
Preliminary 2018 Outlook
STACK & DEL AWARE
>30% Increase$2.0-2.5 Billion
2 0 1 8 e E & P C A P I TA L
OPTIMIZED
FOR RETURNS
F U N D E D W I T H I N
O P E R AT I N G C A S H F LO W
$1Billion
TA R G E T I N G
(2017 VS 2018)
OIL
GROWTH
DEBT
REDUCTION
$
9. 9| Investor Presentation
Operational Excellence
Maximize base production
Minimize controllable downtime
Enhance well productivity
Leverage midstream operations
Control operating costs
Optimize capital program
Disciplined project execution
Perform premier technical work
Focus on development drilling
Increase capital efficiency
Capture
FULL VALUE
Improve
RETURNS
10. 10| Investor Presentation
200
400
600
800
1,000
Top-Tier Operating Performance
Best-in-class well productivity
Avg. 90-Day Wellhead IPs BOED, 20:1
Source: IHS/Devon. Top operators with more than 40 wells over the past year ending October 2017.
Peers
Across key U.S. plays since 20142% D&C IMPROVEMENT
Operating expense & G&A since
2014 ($1.4B annual benefit)
34% COST REDUCTION
>40%
BOTTOM LINE IMPACT FROM OPERATIONAL EXCELLENCE INITIATIVES
To annual base production
($100 MM benefit annually)
PRODUCTION UPLIFT
DEVON WELL ACTIVITY
(Since 2012)
~400%I M P R O V E M E N T
11. 11| Investor Presentation
The Next Frontier Of Efficiency Gains
Multi-zone manufacturing strategy underway
Leading-edge development concept
Debundling supply chain drives costs lower
Massive technology upside remains
For additional information see our Q3 operations report.
$1 MILLION SAVINGS
PER WELL
ANACONDA
MULTI-ZONE PROJECT
12. 12| Investor Relations Presentation
Innovation Momentum - Technology Projects In Flight
Improved 3D seismic
interpretation
High-graded location selection
Optimized landing zones
Well productivity predictions
Depletion analysis
Geospatial optimization
Cyber-geosteering
Flat, in-zone wells
Fiber-optic sensing
Prolonged drill-bit life
Coiled-tubing drill-outs
Efficient flowbacks
Cutting-edge frac modeling
Accounting process
automation
World-class partnerships in
digital innovation platforms
Enterprise dashboards for
information
Accessible mobile
applications across all
aspects of the business
Water-treatment options
Frac fluid chemistry
Data acquisition and
management systems
Leak detection in piping
systems
Water transfer and storage
safety
Predictive pump failures
Field-issue prioritization
Optimized compressors
Production monitoring
Flood optimization
Inter-well communication
(data analytics)
Gas lift for EOR
Targeting hundreds of millions
in value creation annually
S U B S U R F A C E
D R I L L I N G &
C O M P L E T I O N S
P R O D U C T I O N
O P E R A T I O N S
W A T E R
M A N A G E M E N T C O R P O R A T E
13. 13| Investor Presentation
STACK – Franchise Asset
Future Projects (Timing TBD)
Upcoming Development
Canadian
Kingfisher
Blaine
Caddo
Coyote
Drilling Underway (7 wells)
Showboat
Drilling Underway (24 wells)
Horsefly
Drilling Underway (10 wells)
Fleenor
Sonoyta
Privott
Bernhardt
2018 Spud (8 wells)
Smilodon
Sidney
Best-in-class acreage position
670k net acres by formation
Up to 4 target intervals per unit
Accelerating development activity
15. 15| Investor Presentation
STACK - Development Activity
Showboat Development
First multi-zone STACK development
MERAMEC
UPPERLOWER
WDFD
Kingfisher Full-field development underway
Activity focused on Coyote & Showboat
Projects offset by prolific well results
1st production expected in 1H 2018
For additional information see our Q3 operations report.
Coyote
Drilling Underway (7 wells)
Faith Marie
24-Hr IP: 5,100 BOED
Blaine
Showboat
Drilling Underway (24 wells)
5 operated rigs (2 drilling units)
Privott 17-H
24-Hr IP: 6,000 BOED
16. 16| Investor Presentation
Delaware Basin – Franchise Asset
World-class oil opportunity
Multi-decade growth platform
Up to 15 target intervals
Accelerating development activity
Future Projects (Timing TBD)
Upcoming Development
Core Development Area
POTATO BASIN
TODD
THISTLE/GAUCHO
COTTON DRAW
RATTLESNAKE
Lusitano
Drilling (6 wells)
Boomslang
Completing (11 wells)
Seawolf
Drilling (12 wells)
Medusa
Drilling (20 wells)
Anaconda
Flowing Back (10 wells)
Spud Muffin
Snapping
Fighting Okra
Mean Green
Cobra
Tomb Raider
Eddy
Loving
Lea
17. 17| Investor Presentation
Anaconda: Initial Multi-Zone Delaware Project
Co-developing 3 Leonard shale intervals
Achieved savings of $1 MM per well (~20%)
Early flow rates are positive
— 2 wells with 30-day IPs: 1,600 BOED
Peak production rates expected in Q4
THISTLE/GAUCHO
Lea
Anaconda Project
Testing 19 wells per section across 3 landing zones
LEONARD
A
B
C
Initial
Development
(10-Well Program)
Future
Potential
For additional information see our Q3 operations report.
TODD
Anaconda
Peak rates: Q4 17
18. 18| Investor Presentation
Delaware Basin – Multi-Decade Growth Platform
Note: Graphic for illustrative purposes only and not necessarily
representative across Devon’s entire acreage position.
Basin Slope
DELAWARE
SANDS
Madera
Lower
Brushy
LEONARD
A
B
C
BONESPRING
1st
2nd
(Upper &
Lower)
3rd
WOLFCAMP
X/Y
A, B, C
& D
Risked Location Unrisked Location
1 Section 1 Section
>4,000’
OFPAY
6,500
>1.3 MM
RISKED LOCATIONS
NET EFFECTIVE ACRES
21. 21| Investor Presentation
Forward-Looking Statements
This presentation includes "forward-looking statements" as defined by the SEC. Such statements include those concerning strategic plans, expectations and objectives
for future operations, and are often identified by use of the words “expects,” “believes,” “will,” “would,” “could,” “forecasts,” “projections,” “estimates,” “plans,”
“expectations,” “targets,” “opportunities,” “potential,” “anticipates,” “outlook” and other similar terminology. All statements, other than statements of historical facts,
included in this presentation that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are
forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company.
Statements regarding our business and operations are subject to all of the risks and uncertainties normally incident to the exploration for and development and
production of oil and gas. These risks include, but are not limited to: the volatility of oil, gas and NGL prices; uncertainties inherent in estimating oil, gas and NGL
reserves; the extent to which we are successful in acquiring and discovering additional reserves; the uncertainties, costs and risks involved in exploration and
development activities; risks related to our hedging activities; counterparty credit risks; regulatory restrictions, compliance costs and other risks relating to governmental
regulation, including with respect to environmental matters; risks relating to our indebtedness; our ability to successfully complete mergers, acquisitions and divestitures;
the extent to which insurance covers any losses we may experience; our limited control over third parties who operate our oil and gas properties; midstream capacity
constraints and potential interruptions in production; competition for leases, materials, people and capital; cyberattacks targeting our systems and infrastructure; and
any of the other risks and uncertainties identified in our Form 10-K and our other filings with the SEC. Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The forward-
looking statements in this presentation are made as of the date of this presentation, even if subsequently made available by Devon on its website or otherwise. Devon
does not undertake any obligation to update the forward-looking statements as a result of new information, future events or otherwise.
26. 26| Investor Presentation
Delaware Basin Resource
DELAWARE BASIN RESOURCE
FORMATION
NET EFFECTIVE
ACRES
GROSS RISKED
LOCATIONS
GROSS UNRISKED
LOCATIONS
Delaware Sands 160,000 600 1,500
Leonard Shale 160,000 1,000 3,500
Bone Spring 530,000 3,200 6,000
Wolfcamp 460,000 1,500 8,500
Other (Yeso & Strawn) 20,000 200 1,000
Total >1,300,000 6,500 >20,000
27. 27| Investor Presentation
Johnson County Divestiture Package
Massive position in core of the Barnett
— Net acres: 610,000
— Q3 net production: 148 MBOED (25% liquids)
Pursuing divestiture for Johnson County area
— ~30 MBOED
— Bids received
Wise
Parker
Hood
Tarrant
Ft. Worth
Denton
Denton
Johnson
Divest Area