Overview

Devon Energy is a leading independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. The company's operations are concentrated in North American onshore areas that extend from Western Canada to the Gulf Coast region in the United States. This deep inventory of opportunities in premier North American growth plays provides stable production and a platform for future growth.

In the U.S., Devon's operations are focused in three core oil producing areas: the Eagle Ford, Permian Basin and Rockies. The company's oil assets in the Eagle Ford and Permian Basin are delivering high rates of growth that are meaningful to a company Devon's size and its emerging oil opportunities in the Rockies provide another component of future growth. Devon's two liquids-rich gas producing areas, the Barnett Shale and the Anadarko Basin, generate significant free cash flow and represent tremendous gas optionality.

In Canada, Devon's operations are focused on its heavy oil assets located in Eastern Alberta. The company's most significant Canadian production and future growth potential comes from its thermal heavy oil projects at Jackfish and Pike. Devon also has a significant cold-flow heavy oil position in the greater Lloydminster area.