Callum Turcan
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Callum Turcan in Oil & Gas Investing,

Devon Energy's Oil Sands Operations Going Better Than Expected

"Devon Energy [NYSE:DVN] has some good news for investors, it has been able to ramp-up production at its Jackfish 3 operations ahead of schedule. Since first oil began in August 2014, Devon Energy has increased the bitumen output at its Jackfish 3 facility and is now producing 5,500 bo/d more than its previous guidance called for. In Q4 2014, Devon Energy produced an average 11,000 bo/d gross from the Jackfish 3. By the end of this year, Devon hopes to bring that up to 35,000 bo/d gross. Below is a picture highlighting Devon's achievement. " Click here to read more!