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Friday, September 05, 2008

Devon Energy obtains regulatory OK for Jackfish 2 oilsands project.

The Canadian Press, September 5, 2008 - “U.S. oil and gas company Devon Energy Corp. (NYSE:DVN) has begun building its Jackfish 2 oilsands project in northeastern Alberta after receiving regulatory approval for the development. Devon said Monday it has immediately begun construction on the underground project, the second oilsands development for the Oklahoma-based global energy producer. Once fully operational in 2012, Jackfish 2 is expected to produce about 35,000 barrels of oil per day, doubling oilsands crude output for the company.” Read more.

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