US producer Devon Energy plans to stay ‘oily’ as it focuses on Delaware Basin

US-based energy company Devon Energy intends to keep to its liquids-rich basins and remain as “oily” a producer as possible due to crude’s ability to drive superior margins compared with natural gas, CEO Rick Muncrief said Feb. 28. “We want to stay as oily as we can for as long as we can, and I think we’re seeing that play… US-based energy company Devon Energy intends to keep to its liquids-rich basins and remain as “oily” a producer as possible due to crude’s ability to drive superior margins compared with natural gas, CEO Rick Muncrief said Feb. 28. “We want to stay as oily as we can for as long as we can, and I think we’re seeing that play… Read More