Devon Energy Files Shelf Registration Statement

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OKLAHOMA CITY, Dec 09, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Devon Energy Corporation (NYSE: DVN) today announced that it has filed a universal shelf registration statement with the Securities and Exchange Commission. The new statement is effective for three years and provides for the issuance of debt and equity securities. Devon's previous shelf registration statement expired on December 1, 2008.

"Although we have no plans to issue any securities, it is our longstanding policy to maintain an effective shelf registration statement to ensure financing flexibility should the need arise," commented Lyndon Taylor, executive vice president and general counsel.

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is the largest U.S.-based independent oil and gas producer and is included in the S&P 500 Index. For additional information, visit http://www.devonenergy.com.

This press release is neither an offer to purchase nor a solicitation to buy any securities of the company.

This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission. Such statements are those concerning the strategic plans, expectations and objectives for future operations. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the company based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company.

SOURCE Devon Energy Corporation

 

http://www.devonenergy.com