Devon Energy Enters Material Agreement, Incurs Financial Obligation
Ticker: DVN · Form: 8-K · Filed: Aug 28, 2024 · CIK: 1090012
Sentiment: neutral
Topics: material-agreement, financial-obligation, debt
Related Tickers: DVN
TL;DR
Devon Energy just signed a big deal and took on new debt/obligations. Watch this space.
AI Summary
On August 28, 2024, Devon Energy Corporation entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.
Why It Matters
This filing signals a significant new financial commitment or partnership for Devon Energy, which could impact its future operations and financial standing.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and incurring financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.
Key Players & Entities
- Devon Energy Corporation (company) — Registrant
- August 28, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Devon Energy?
The filing states that Devon Energy Corporation entered into a material definitive agreement on August 28, 2024, but does not specify the details of the agreement itself.
What type of financial obligation has Devon Energy created?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant, but does not provide specific details on the nature or amount of this obligation.
What is the primary business of Devon Energy Corporation?
Devon Energy Corporation is primarily involved in Crude Petroleum & Natural Gas extraction, as indicated by its Standard Industrial Classification code [1311].
Where is Devon Energy Corporation's principal executive office located?
Devon Energy Corporation's principal executive offices are located at 333 W. Sheridan Ave., Oklahoma City, Oklahoma, 73102-5015.
What is the SEC file number for Devon Energy Corporation?
The SEC file number for Devon Energy Corporation is 001-32318.
Filing Stats: 1,343 words · 5 min read · ~4 pages · Grade level 10.1 · Accepted 2024-08-28 16:09:00
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share DVN The New York Stock Ex
- $1,250,000,000 — iously announced public offering of (i) $1,250,000,000 aggregate principal amount of its 5.200
- $1,000,000,000 — es due 2034 (the "2034 Notes") and (ii) $1,000,000,000 aggregate principal amount of its 5.750
Filing Documents
- d890210d8k.htm (8-K) — 32KB
- d890210dex41.htm (EX-4.1) — 404KB
- d890210dex42.htm (EX-4.2) — 68KB
- d890210dex43.htm (EX-4.3) — 67KB
- d890210dex51.htm (EX-5.1) — 15KB
- g890210dsp96.jpg (GRAPHIC) — 4KB
- g890210dsp97.jpg (GRAPHIC) — 3KB
- 0001193125-24-208803.txt ( ) — 847KB
- dvn-20240828.xsd (EX-101.SCH) — 3KB
- dvn-20240828_lab.xml (EX-101.LAB) — 17KB
- dvn-20240828_pre.xml (EX-101.PRE) — 11KB
- d890210d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description 4.1 Indenture, dated as of August 28, 2024, by and between the Company and U.S. Bank Trust Company, National Association. 4.2 Supplemental Indenture No. 1, dated as of August 28, 2024, by and between the Company and U.S. Bank Trust Company, National Association. 4.3 Supplemental Indenture No. 2, dated as of August 28, 2024, by and between the Company and U.S. Bank Trust Company, National Association. 5.1 Opinion Letter of Kirkland & Ellis LLP regarding the validity of the Notes. 23.1 Consent of Kirkland & Ellis LLP (included as part of Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DEVON ENERGY CORPORATION By: /s/ Jeffrey L. Ritenour Jeffrey L. Ritenour Executive Vice President and Chief Financial Officer Date: August 28, 2024