SOURCE: Industrial Info Resources

Industrial Info Resources

November 15, 2010 05:20 ET

Devon Energy Progresses Jackfish III Oil Sands Project to Development Phase, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 15, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Devon Energy Corporation (NYSE:DVN) (Oklahoma City, Oklahoma) has filed its application with the National Energy Board (NEB) (Calgary) and other Canadian permitting agencies to obtain a permit for its Jackfish III oil sands project, which is near Lac La Biche, Alberta. The permitting process for the project began in August 2010 and is expected to take eight to 18 months to be completed and for Devon to receive its permit approvals. In addition to making progress with its permit application, Devon's Board of Directors has sanctioned the project, which is Devon's third development project on its Jackfish leases.

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