Devon Energy Elects Two Corporate Officers

Devon Energy has elected two new corporate officers. K. Earl Reynolds, 46, has been elected vice president, strategic planning. Reynolds was previously vice president and general manager of Devon's International Division. In this new position he will formulate and provide critical analyses to Devon's executive committee of potential organization-wide business strategies. In addition, Reynolds will be responsible for strategic and tactical planning and budgeting, coordination and management of asset acquisitions and divestitures and oversight of the company's annual assessment of oil and gas reserves. Reynolds joined Devon in 2003 when the company acquired Ocean Energy, Inc. At Ocean, he was senior vice president, International and Gulf of Mexico Operations. Prior to joining Ocean, Reynolds spent 10 years with Burlington Resources where he served in a variety of operational and management positions. Prior to Burlington, he was with Mobil Oil. Reynolds holds a Bachelor of Science degree in petroleum engineering from Mississippi State University and a Master of Science degree in petroleum engineering from the University of Houston. He is a registered engineer and a member of the Society of Petroleum Engineers and the Association of International Petroleum Negotiators.

Joseph P. Ash, 50, has been elected vice president and general manager of Devon's International Division. Ash was previously director of special projects. He joined Devon in 2000 when the company acquired Santa Fe Snyder Corporation. He has served in several capacities at Devon in both domestic and international operations, including exploration and development manager in the Southern Division. Prior to that, Ash served as exploration and business development manager in Devon's International Division. Ash began his oil and gas career in 1985 with Mitchell Energy Corporation, where he was responsible for exploration and development projects within the Gulf Coast and Mid-Continent regions. Ash's industry experience includes exploration, development, business development, budgeting and reserve planning. He has a bachelor's degree in Geology from Stanford University.

"With Devon's mounting operations successes in North America and internationally, effectively guiding the strategic direction of the company is crucial," said John Richels, Devon's president. "Earl Reynolds brings a depth of operational experience and managerial perspective to the vital strategic planning position. Likewise, Joe Ash is a proven exploration and production manager well qualified to lead the International Division. It is gratifying to have talented individuals like these available within the Devon organization to move into executive openings when they arise." . K. Earl Reynolds, 46, has been elected vice president, strategic planning. Reynolds was previously vice president and general manager of Devon's International Division. In this new position he will formulate and provide critical analyses to Devon's executive committee of potential organization-wide business strategies. In addition, Reynolds will be responsible for strategic and tactical planning and budgeting, coordination and management of asset acquisitions and divestitures and oversight of the company's annual assessment of oil and gas reserves. Reynolds joined Devon in 2003 when the company acquired Ocean Energy, Inc. At Ocean, he was senior vice president, International and Gulf of Mexico Operations. Prior to joining Ocean, Reynolds spent 10 years with Burlington Resources where he served in a variety of operational and management positions. Prior to Burlington, he was with Mobil Oil. Reynolds holds a Bachelor of Science degree in petroleum engineering from Mississippi State University and a Master of Science degree in petroleum engineering from the University of Houston. He is a registered engineer and a member of the Society of Petroleum Engineers and the Association of International Petroleum Negotiators.

Joseph P. Ash, 50, has been elected vice president and general manager of Devon's International Division. Ash was previously director of special projects. He joined Devon in 2000 when the company acquired Santa Fe Snyder Corporation. He has served in several capacities at Devon in both domestic and international operations, including exploration and development manager in the Southern Division. Prior to that, Ash served as exploration and business development manager in Devon's International Division. Ash began his oil and gas career in 1985 with Mitchell Energy Corporation, where he was responsible for exploration and development projects within the Gulf Coast and Mid-Continent regions. Ash's industry experience includes exploration, development, business development, budgeting and reserve planning. He has a bachelor's degree in Geology from Stanford University.

"With Devon's mounting operations successes in North America and internationally, effectively guiding the strategic direction of the company is crucial," said John Richels, Devon's president. "Earl Reynolds brings a depth of operational experience and managerial perspective to the vital strategic planning position. Likewise, Joe Ash is a proven exploration and production manager well qualified to lead the International Division. It is gratifying to have talented individuals like these available within the Devon organization to move into executive openings when they arise."

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