Devon Energy’s Average Daily Production (2016-2022)

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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.
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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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