Devon Energy Corp - Company Profile
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Devon Energy Corp (Devon Energy) is an independent energy company that carries out exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in onshore areas of the US. Devon Energy’s US assets are in Delaware Basin, Anadarko Basin, Powder River Basin, Williston Basin and Eagle Ford. Eagle Ford assets are located in DeWitt county in south Texas. In Delaware Basin, Devon Energy focuses on oil-rich Bone Spring, Wolfcamp, Avalon and Delaware formations. The company's Anadarko basin assets are in Oklahoma’s Canadian, Kingfisher and Blaine counties. The Williston assets of the company are in the Bakken and Three Forks formations in the Fort Berthold Indian Reservation. The Powder River Basin consists of prospective oil opportunities in the Turner, Parkman, Teapot and Niobrara formations. Devon Energy is headquartered in Oklahoma City, Oklahoma, the US.
Devon Energy Corp premium industry data and analytics
Products and Services
Products |
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Oil |
Gas |
Bitumen |
XYZ |
XYZ |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Plans/Strategy | In February, the company announced its plans to acquire Enerplus Corp., a drilling company. |
2023 | Financing Agreements | In October, the company invested in PrePad to emphasize its role in supporting Devon's work to improve cost and duration models while enhancing capital efficiency. |
2023 | Contracts/Agreements | In August, WPX Energy Permian entered into a partnership with WaterBridge NDB LLC to form NDB Midstream. |
Competitor Comparison
Key Parameters | Devon Energy Corp | EOG Resources Inc | Ovintiv Inc | Apache Corp | Chesapeake Energy Corp |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | Oklahoma City | Houston | Denver | Houston | Oklahoma City |
State/Province | Oklahoma | Texas | Colorado | Texas | Oklahoma |
No. of Employees | 1,900 | 3,050 | 1,743 | 2,272 | 1,000 |
Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Barbara M. Baumann | Chairman | Executive Board | 2023 | 67 |
Richard E. Muncrief | President; Director; Chief Executive Officer | Executive Board | 2021 | 64 |
Jeffrey L. Ritenour | Executive Vice President; Chief Financial Officer | Senior Management | 2017 | 49 |
Clay M. Gaspar | Chief Operating Officer; Executive Vice President | Senior Management | 2021 | 51 |
David G. Harris | Chief Corporate Development Officer; Executive Vice President | Senior Management | 2021 | 49 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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