Devon Energy
Apr 13, 2011
Devon Energy (NYSE:DVN) said that it plans to extract more natural-gas liquids and crude oil from a variety of onshore energy fields in North America following a major realignment in the past year.
The company said it sees plenty of opportunity to expand production between Alberta, Canada and southern Texas.
CEO John Richels said that the company holds a "deep inventory of oil and liquids-rich growth plays," as well as "significant exposure to emerging plays."
Shares of the company are currently trading 1.24% higher at $87.05.
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