Midstream & Transport Monitor - September 23, 2011
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While Devon Energy’s primary focus is in E&P, the company’s midstream division is a very important and profitable segment of the company. “We produce somewhere around 250 million barrels per year, so that adds a couple of dollars per barrel on our net back. It’s a very, very profitable business for us,” John Richels, president and chief executive of Devon, said at the recent...