CEO Larry Nichols

Feb 15 (Reuters) – Devon Energy Corp posted a higher-than-expected fourth-quarter profit on Wednesday on higher production of oil and gas, even as it boosted its reserves to record levels.Read Full Story

Feb 15 (Reuters) – Devon Energy Corp posted a higher-than-expected fourth-quarter profit on Wednesday as its production of oil and gas rose.Read Full Story

The massive oil spill in the Gulf of Mexico will significantly set back industry efforts to increase offshore drilling, the CEOs of two Oklahoma City-based independent energy companies said Friday. Devon Energy Corp. CEO Larry Nichols and Chesapeake Energy Corp. CEO Aubrey McClendon spoke during an annual Oklahoma State University energy conference, with OSU President Burns Hargis asking questions submitted by audience members. The first question was about the April 20 explosion of a rig...Read Full Story

The Unites States Natural Gas Fund(NYSE:UNG) has taken another leg down since June 15th, 2010. On August 9th the popular ETF triggered a bearish head and shoulders top pattern and has declined sharply from that date. The ultimate target for that bearish pattern is around $5.60. However, these patterns will have bounces along the way and do not go straight down. In the near term the UNG has bounced slightly higher over the past five trading sessions from an oversold technical condition...Read Full Story

Despite the recession, plans for the new 50-story headquarters for Devon Energy Corp. took another step toward reality Tuesday as company officials and civic leaders gathered for a formal groundbreaking ceremony. The independent oil and natural gas producer formally took possession of the property Thursday, and work already has begun on the site of a former parking garage — a fact marked by a jackhammer next to Devon CEO Larry Nichols, rather than a shovel, at the brief ceremony. Devon began...Read Full Story