Devon Energy Corporation is a leading independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. Headquartered in Oklahoma City, Oklahoma, the company focuses on onshore operations across key resource plays in the United States and Canada. Its upstream activities involve low-cost, resource-rich basins, where advanced drilling and completion technologies help optimize recovery and drive operational efficiency.
In the upstream segment, Devon Energy’s core assets include positions in the Delaware Basin of West Texas and New Mexico, the Anadarko Basin in Oklahoma, and the Eagle Ford Shale in South Texas. The company combines geological expertise with cutting-edge completion techniques such as multi-stage fracturing and long-lateral drilling to enhance well performance. Devon also maintains a portfolio of oil and gas royalty interests and offers midstream services through strategic partnerships to gather, process and transport hydrocarbons from its producing fields.
Founded in 1971, Devon has grown through a blend of organic development and targeted acquisitions, including the integration of significant acreage in the STACK play and the repositioning of its portfolio to concentrate on high-value assets. Under the leadership of President and Chief Executive Officer Rick Muncrief and a seasoned executive team, the company emphasizes capital discipline, cost control and returns to shareholders. Its board of directors includes industry veterans who oversee governance, risk management and strategic planning.
Devon Energy conducts operations primarily in North America, with a focus on resource plays that offer scale and operational synergies. The company also pursues sustainability initiatives, aiming to reduce greenhouse gas emissions intensity and minimize environmental impact through measures such as methane detection technology and water-efficient practices. With a commitment to responsible resource development, Devon positions itself to meet growing energy demand while maintaining financial and environmental stewardship.
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