Devon Energy’s Production Costs and Margins for 1Q17
Devon Energy’s production costs and margins
Excluding hedges, Devon Energy (DVN) reported positive cash margins as well as positive total margins in 1Q17, as shown below in Chart 1.
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Diamondback Energy reported a cash margin of ~$32.32 per boe, including hedging benefits. Diamondback Energy has the majority of its operations in the Permian Basin.
Production cash cost = LOE (lease operating expenses) + production and ad valorem taxes + transportation expenses + G&A (general and administration) cash expenses + interest expenses
Total production cost = Cash cost + DD&A (depletion, depreciation and amortization)