Profile: Devon Energy Corp (DVN)
18 Jul 2019
Devon Energy Corporation, incorporated on May 18, 1999, is an independent energy company. The Company's segments include U.S. and Canada. The Company's U.S. and Canada segments are primarily engaged in oil and gas exploration and production activities. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company's operations are concentrated in various North American onshore areas in the United States and Canada.
The Company's properties include Barnett Shale, Delaware Basin, Eagle Ford, Heavy Oil, Rockies Oil and STACK. The Company's leases are located primarily in Denton, Johnson, Parker, Tarrant and Wise counties in north Texas. The Delaware Basin includes Bone Spring, Delaware, Wolfcamp and Leonard formations. As of December 31, 2016, the Company had three operated rigs. As of December 31, 2016, the Company had approximately 66,000 net acres located in DeWitt and Lavaca counties in south Texas. The Company's operations in Canada are focused on its heavy oil assets in Alberta, Canada. The Company's Canadian operation, Jackfish complex, is a thermal heavy oil operation in the non-conventional oil sands of east central Alberta. Pike oil sands acreage is located directly to the southeast of its Jackfish acreage in east central Alberta. In addition to Jackfish and Pike, it holds acreage and owns producing assets in the Bonnyville region, located to the south and east of Jackfish in eastern Alberta. Bonnyville is an oil development play that produces heavy oil by conventional means.
As of December 31, 2016, the Company's acreage in the Rockies included approximately 470,000 net surface acres, focused on oil opportunities in the Powder River Basin and the Wind River Basin. The STACK development, located primarily in Oklahoma's Canadian, Kingfisher and Blaine counties, is the Company's franchise asset. As of December 31, 2016, the Company had two primary fields in the area: the Woodford Shale and the Meramec.
Devon Energy Corp
333 W Sheridan Ave
OKLAHOMA CITY OK 73102-5010
Company Web Links
- Oil producer Canadian Natural doubles down on Canada in $2.8 billion deal with Devon
- UPDATE 4-Oil producer Canadian Natural doubles down on Canada in $2.8 bln deal with Devon
- Canadian Natural Resources to buy Devon Energy's assets in Canada for $2.8 bln
- Devon Energy raises U.S. oil output forecast, beats profit estimates
- UPDATE 2-Devon Energy raises U.S. oil output forecast, beats profit estimates