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Devon Trims Oil Output, Cites Pipeline Problems

By Ryan Dezember Of DOW JONES NEWSWIRES HOUSTON -(Dow Jones)- Devon Energy Corp. (DVN) on Thursday said it would curtail production from crude-producing fields in Canada by 10,000 barrels a day through year's end because of outages in Enbridge Energy Partners LP's (EEP) pipeline system. Some of Devon's customers have been forced to trim orders from the Oklahoma City oil and gas producer because they say the amount of crude delivered by Enbridge has been reduced, Devon spokesman Chip Minty said. The total impact to Devon's expected fourth quarter Canadian output is estimated at 300,000 barrels, Devon said Thursday. That's about 0.5% of Devon's anticipated company-wide production and primarily effects the company's Jackfish oil sands project and one other field. "It's not a material amount," Minty said. Enbridge did not immediately respond to a request for comment on Thursday. Calgary, Alberta-based Enbridge was hurt this summer by leaks on two of its pipelines. In July a leak in the company's 6B line between Griffith, Ind., and Sarnia, Ontario, dumped 19,500 barrels of crude into Michigan's Kalamazoo River. Two months later Enbridge's 6A pipeline spilled 9,000 barrels in Romeoville, Ill. Shares of Devon traded down 1% at $72.45 on Thursday. Enbridge shares were up 0.4% at $60.97. -By Ryan Dezember, Dow Jones Newswires; 713-547-9208; ryan.dezember@dowjones.com -Benjamin Lefebvre in Houston contributed to this article.

Stock News for Enbridge Energy (EEP)
DateTimeHeadline
05/08/201308:09:32Enbridge 1st-Quarter Profit Dips; Plans $1.2 Billion Investment...
09/06/201209:26:35U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
09/05/201219:14:09Warner Chilcott, 4 Other Companies Unveil Stock Offerings
08/06/201214:40:08U.S. Allows Enbridge to Restart Line 14 in Wisconsin
07/31/201215:12:31Correction to Enbridge Story
07/31/201214:28:11US Government Prohibits Enbridge From Restarting Wisconsin Pipeline
07/27/201217:53:08Canada OKs Reversal of Ontario Oil Pipeline
07/02/201217:14:17U.S. Government Fines Enbridge $3.7 Million for Michigan Oil...
05/16/201219:29:19Enbridge, Enbridge Energy Partners Detail Expansion Projects
02/16/201210:10:05Enbridge Energy Discovers Pipeline Leak In Eastern Michigan
10/07/201116:09:34EPA: Enbridge Must Continue Michigan Oil Spill Cleanup Until...
10/03/201118:05:17Enbridge To Spend C$120 Million On Expanding Eastward Oil Shipments
09/22/201109:15:18US Stock Futures: HOT STOCKS TO WATCH
07/04/201109:42:28Exxon Pipeline Oil Spill Cleanup Efforts Widening
04/29/201116:30:38Enbridge To Add Additional 1 Million Bbls Oil Storage At Cushing
04/01/201114:48:34Coast Guard Reopens Calcasieu Channel After Pipeline Rupture
03/31/201116:01:31US Coast Guard: Offshore Oil, Gas Pipeline Ruptured In Louisiana
12/09/201015:30:11Devon Trims Oil Output, Cites Pipeline Problems
09/22/201020:40:08Regulators Approve 'Gradual Restart' For Enbridge Line 6 Billion...
09/13/201012:38:19Enbridge Stops Leak From Romeoville, Ill., Pipeline; Hole Found

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