DVN - Devon Energy Corporation

Get Stock Quote Here
​

Devon Energy Corporation (DVN) is an independent natural gas, natural gas liquids, and petroleum producer focused on onshore exploration and production in North America. The company is headquartered in the 50-story Devon Energy Center, completed in 2012, in Oklahoma City, Oklahoma.

In 2015, the company ranked #152 on the Fortune 500

As of December 31, 2015, the company had 2.182 billion barrels of oil equivalent (1.335×1010 GJ) in proved reserves, of which approximately 75% was in the United States and 25% was in Canada.

It is one of the largest energy producers in the Barnett Shale, where it controls 600,000 acres.

Of the company's total proved reserves as of December 31, 2015, 39% were in the Barnett Shale, 25% were heavy oil in Alberta, Canada, and 12% were in the STACK formation in Oklahoma.

The company expects to produce approximately 600 thousand barrels of oil equivalent (3,700,000 GJ) per day in 2016.

In the fourth quarter of 2015, the company produced 66 thousand barrels of oil equivalent (400,000 GJ) per day from the Delaware Basin, 70 thousand barrels of oil equivalent (430,000 GJ) per day from the STACK Formation in Oklahoma, 111 thousand barrels of oil equivalent (680,000 GJ) per day from the Eagle Ford shale, 126 thousand barrels of oil equivalent (770,000 GJ) per day from heavy oil, and 175 thousand barrels of oil equivalent (1,070,000 GJ) per day from the Barnett Shale.