Derek Sumner

Director of Production, Facilities, Infrastructure & Construction - MSBU Devon Energy

Main Conference Day One - November 5

8:40 AM Devon Energy’s Revolutionary Business Optimization Plan

In response to a challenging market and shifting competitive landscape Devon Energy has set out an ambitious business optimization plan to improve margins and capital efficiency, with a targeted $1 billion in annual pre-tax free cash flow improvement. With approximately 30 percent of the estimated improvements expected to be accomplished by year-end 2025, in this session we will explore the three of the key components of their plan and their progress to date, including:

Production Optimization: Using advanced analytics to minimize maintenance events, reduce downtime and flatten production declines
Capital Efficiency: Capturing efficiencies through design optimization, cycle time reductions, facility standardization and vendor management
Commercial Opportunities: Leveraging scale to enhance commercial contracts, increase realizations and improve recoveries

Check out the incredible speaker line-up to see who will be joining Derek.

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