Devon Energy Corporation (NYSE:DVN) is an independent energy company primarily engaged in the exploration, development and production of oil, natural gas and natural gas liquids. Headquartered in Oklahoma City, Oklahoma, Devon focuses on onshore assets across North America and operates with a full-cycle approach that spans from resource identification through production optimization.
The company’s upstream activities are concentrated in several core operating areas, including the Anadarko Basin in Oklahoma and the Delaware Basin extending across Texas and New Mexico. Devon employs a mix of horizontal drilling and advanced completion techniques to access liquids-rich unconventional reservoirs and conventional plays. Its asset portfolio is designed to deliver consistent production growth while targeting attractive capital returns.
Since its incorporation in 1971, Devon Energy has grown through a combination of organic development and strategic acquisitions, including the integration of Permian Basin assets and the 2021 merger with WPX Energy. The company is led by President and Chief Executive Officer Rick Muncrief, who has overseen a disciplined approach to capital allocation, operational efficiency and shareholder returns.
Devon’s operations span key onshore basins in the United States and select regions in Canada, where it adheres to industry best practices in safety and environmental stewardship. The company continually invests in technology and data analytics to enhance well performance, reduce emissions and improve overall resource recovery across its asset base.