SUGAR LAND, TX — (Marketwire) — 02/16/12 — Researched by Industrial Info Resources (Sugar Land, Texas) — In yesterday–s fourth-quarter and full-year 2011 earnings announcement, executives of (NYSE:DVN) (Oklahoma City, Oklahoma) discussed the company–s capital spending and growth plans for 2012. The company–s total exploration and production capital spending in 2012 is planned to be between $5.1 billion and $5.5 billion. The capital will be used almost exclusively for exploration and development in the company–s oil- and liquids-rich plays.
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