US Senate energy leaders intend to refile broad energy policy reform legislation this year despite Congress’s failure to enact their bill in 2016 and the Trump administration’s announced federal agency regulatory reviews, Energy and Natural Resources Committee Chair Lisa Murkowski (R-Alas.) and Ranking Minority Member Maria E. Cantwell (D-Wash.) said. Source: News

Devon Energy Corp., Oklahoma City, reported total net earnings of $565 million in this year’s first quarter. Adjusted earnings totaled $217 million, while operating income was $706 million. Source: News

US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, decreased 900,000 bbl during the week ended Apr. 28 to a total of 527.8 million bbl, the US Energy Information Administration said in its most recent weely Petroleum Status Report. Source: News

The oil and gas industry is learning its role in a digital disruption that for oil companies has involved primarily equipment sensors and big data analysis, but producers still have much to learn from other industries, speakers told a session May 3 at the Offshore Technology Conference in Houston. Source: News

Oklahoma City, Okla., independent Devon Energy Corp. reported on plans to divest $1 billion-worth of upstream assets including noncore portions of the Barnett shale area focused mainly around Johnson County as well as other properties in the company’s US resource base. Source: News

ConocoPhillips reported first-quarter earnings of $777 million compared with a loss of $1.469 billion in the same quarter last year. Source: News

US light, sweet crude oil futures for June fell more than $1 to settle under $48/bbl May 2 on the New York market while Brent crude oil prices in London fell more than a $1 to settle below $51/bbl. Source: News