Company Overview: Devon Energy Corp.

With proved oil and gas reserves of 670 million energy equivalent barrels at year- end 1999, Devon is one of the top 10 public independent oil and gas producers based in the United States. Devon produces oil and natural gas onshore and offshore in the United States, in Canada and internationally. Devon has concentrated its North American oil and gas properties into six core operating areas. This concentration of operations allows Devon to achieve a lower overall cost structure in each core area. We also benefit from the level of technical expertise we attain from our experience in these areas. Concentrated production enables Devon to negotiate more favorable terms with service and supply vendors because we are an important customer with a high volume of business.

Quick Facts

Line of Business: Exploration and production
Ownership: Public
Stock Exchang: AMEX
Stock Ticker: DVN