Devon Energy’s Average Daily Production (2016-2022)
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About
This statistic highlights Devon Energy’s Average Daily Production, split across Gas, Combined, Oil, and NGL, reported on a quarterly basis from Q1 2016 onwards.
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This statistic highlights Devon Energy’s Average Daily Production, split across Gas, Combined, Oil, and NGL, reported on a quarterly basis from Q1 2016 onwards.
Devon Energy’s Average Daily Production
The table below shows Devon Energy’s average daily production in some of its recent quarters.
| Category | Q3 2020 | Q2 2021 | Q3 2021 | Contribution in Q3 2021 |
| Gas (MMcf/d) | 580 | 881 | 943 | 47% |
| Combined (Mboe/d) | 326 | 567 | 608 | 30% |
| Oil (MBbls/d) | 146 | 291 | 303 | 15% |
| NGL (MBbls/d) | 83 | 129 | 148 | 7% |
| Total | 1,135 | 1,868 | 2,002 | 100% |
(1. Mboe/d = thousand barrels of oil equivalent per day)
(2. MMcf/d = Million cubic feet per day)
(3. MBbls/d = Thousand Barrels Per Day)
According to the given table, the total average daily production can be seen increasing at a notable rate. The total average daily production has increased from 1135 in Q3 2020 to 2002 in Q3 2021, marking a percentage increase of 76% on a YoY basis. And, the total average daily production has increased from 1868 in Q2 2021 to 2002 in Q3 2021, marking a percentage increase of 7% on a Q0Q basis.
Segment-wise analysis
Gas
The total average daily production in this segment can be seen increasing at a significant rate as well. The total average daily production of this segment has increased from 580 in Q3 2020 to 943 in Q3 2021, marking a percentage increase of 63% on a YoY basis. Whereas, the total average daily production of this has increased from 881 in Q2 2021 to 943 in Q3 2021, marking a percentage increase of 7% on a Q0Q basis. Moreover, this segment has contributed 47% of the total average daily production in the latest quarter.
Combined
The total average daily production in this segment can be seen increasing at a significant rate. The total average daily production of this segment has increased from 326 in Q3 2020 to 608 in Q3 2021, marking a percentage increase of 87% on a YoY basis. Whereas, the total average daily production of this has increased from 567 in Q2 2021 to 608 in Q3 2021, marking a percentage increase of 7% on a Q0Q basis. Also, this segment has contributed 30% of the total average daily production in the latest quarter.
Oil
The total average daily production in this segment can be seen increasing at a good rate as well. The total average daily production of this segment has increased from 146 in Q3 2020 to 303 in Q3 2021, marking a percentage increase of 108% on a YoY basis. Whereas, the total average daily production of this has increased from 291 in Q2 2021 to 303 in Q3 2021, marking a percentage increase of 4% on a Q0Q basis. Also, this segment has contributed 15% of the total average daily production in the latest quarter.
NGL
The total average daily production in this segment can be seen increasing at a decent rate. The total average daily production of this segment has increased from 83 in Q3 2020 to 148 in Q3 2021, marking a percentage increase of 78% on a YoY basis. Whereas, the total average daily production of this has increased from 129 in Q2 2021 to 148 in Q3 2021, marking a percentage increase of 15% on a Q0Q basis. This segment has contributed 7% of the total average daily production in the latest quarter.
About The Company
Devon Energy Corporation is a U.S. based energy company engaged in hydrocarbon exploration. Its stock is traded on the New York Stock Exchange (NYSE) under the ticker “DVN”. The company is headquartered in Oklahoma. It is a Fortune 500 company and also included in the S&P 500 Index. The company completed its all-stock merger with WPX in 2021 which helped the company in scaling up its operations.
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