Devon Energy Corporation

Oklahoma City, OK United States

  (NYSE: DVN)

Company Description

Independent oil and gas producer Devon Energy puts its energy into oil and gas finds far from England's southwestern coast. It focuses on exploration and production assets in Oklahoma, Texas, Wyoming, and western Canada. In 2010 Devon Energy reported proved reserves of 681 million barrels of oil, 10.3 trillion cu. ft. of natural gas, and 479 million barrels of natural gas liquids. That year the company drilled more than 1,580 gross wells with an overall 99% rate of success. Devon Energy produces about 2.5 billion cu. ft. of natural gas a day (more than 3% of all the gas consumed in North America). It is also the largest producer and lease holder in the Barnett Shale area of North Texas.