Sector: Energy | Industry: Oil & Gas Exploration and Production |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 333 W Sheridan Ave OKLAHOMA CITY OK 73102-5010 |
Tel: | 1-405-5524735 |
Website: | https://www.devonenergy.com |
IR: | See website |
Key People | ||
Richard E. Muncrief President, Chief Executive Officer, Director | Jeffrey L. Ritenour Chief Financial Officer, Executive Vice President | Clay M. Gaspar Chief Operating Officer, Executive Vice President |
Dennis C. Cameron Executive Vice President, General Counsel | Tana K. Cashion Executive Vice President - Human Resources and Administration | David Gerard Harris Executive Vice President, Chief Corporate Development Officer |
Business Overview |
Devon Energy Corporation is an oil and gas producer in the United States with a multi-basin portfolio. The Company is primarily engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). Its oil and gas properties include Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin and Powder River Basin. The Delaware Basin operates in southeast New Mexico and across the state line into west Texas. It offers exploration and development opportunities from many geologic reservoirs and play types, including the oil-rich Wolfcamp, Bone Spring, Avalon and Delaware formations. The Eagle Ford operations are located in Texas' DeWitt and Karnes counties. The Anadarko Basin has around four-operated rig program associated with a joint venture. Its position in the Williston is located entirely on the Fort Berthold Indian Reservation in North Dakota. The Powder River Basin is focused on emerging oil opportunities in Wyoming's Powder River Basin. |
Financial Overview |
For the three months ended 31 March 2024, Devon Energy Corp revenues decreased 6% to $3.6B. Net income applicable to common stockholders decreased 40% to $596M. Revenues reflect Gas segment decrease of 32% to $249M, Crude Oil Production, Total decrease of less than 1% to 29.3M barrels, Oil Equivalent Production (B/D) STACK decrease of 9% to 74K barrels per day. Net income also reflects Avg. Production Costs per Barrel. |