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BRIEF-Devon Energy sees 2016 oil production growth of about 10 pct from core assets - Conf call

Published 2015-12-07, 09:33 a/m
BRIEF-Devon Energy sees 2016 oil production growth of about 10 pct from core assets - Conf call
DVN
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Dec 7 (Reuters) - Devon Energy Corp (N:DVN) DVN.N :
* Says acquisitions immediately accretive to earnings and cash flow - conf call
* Says access pipeline sale/dropdown expected early 2016 - conf call
* Says company to "significantly" reduce capital requirements in Canada in 2016
- conf call
* Says expects oil production growth of about 10 percent in 2016 from core
assets - conf call
* Sees 2016 e&p capital of about $2.5 billion - conf call
* Says expects about $300 million in annual distributions from enlink - conf
call
* Says to accelerate drilling activity to about 10 rigs in upper meramec play -
conf call
* Deals boost cash flow per share in 2016 by few percentage points and that
increases to 10 percent or above in 2017 and beyond - conf call
* Says total capital requirements will be about $3.5 billion in 2016 - conf
call

* Further company coverage DVN.N

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