Devon Energy

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Devon Energy Corporation

Type	Public
Founded	1971
Headquarters	Oklahoma City, USA
Key people	J. Larry Nichols, President & CEO
Industry	Oil Production
Products	Petrochemical products
Revenue	$9.19 billion USD (2004)
Employees	4000 (2003)
Website	DevonEnergy.com

Devon Energy Corporation (NYSE: DVN), headquartered in Oklahoma City, USA is a Fortune 500 company. Devon’s area of operations primarily include oil and gas exploration and production, acquisition and development of properties and facilities connected with oil and gas exploration and production, transportation of oil and gas and related products, and processing of natural gas. The company is one of the largest processors of natural gas and natural gas liquids in North America, and produces around 2.3 billion cubic feet of natural gas each day, which is about three percent of all the gas consumed in North America. Although about 86% of the company’s production is from North America, it has an international presence as well and has facilities in several countries including Brazil, China, the Middle East, and West Africa. The global manpower of Devon exceeds 4000.

1 Timelines
2 Community impact
3 Further reading
4 External links

[edit] Timelines

1950 – John Nichols, co-founder of Devon, registers the first public gas and oil drilling mutual fund with the securities exchange commission.
1971 Devon is founded by John Nichols and his son, Larry.
1988 Devon, then with only 185 employees, becomes a public company, and is registered with the American Stock Exchange with the ticker symbol DVN.
1989 Devon starts coalbed methane production, at that time an emerging technology.
1992 Devon acquires Hondo Oil&Gas.
1996 Devon acquires Kerr McGee, increasing its North American assets by 46%.
1998 Devon acquires Northstar Energy Corporation for $750 million USD.
1999 Devon acquires Penzz Energy Corporation for $2.6 Billion USD, increasing its Gulf Of Mexico assets.
2000 Devon merges with Santa Fe Snyder Corporation.
2001 Devon acquires Anderson Exploration Ltd, increasing its gas assets in Canada.
2002 Devon acquires Mitchell Energy & Development, expanding its Texas assets.
2003 Devon merges with Ocean Energy Inc, becoming the largest US-based independent oil and gas producer.
2004 Devon declares a two-for-one share split and transfers common stock listing to the New York Stock Exchange (NYSE: DVN).

[edit] Community impact

In 2003, Devon established a partnership with Mark Twain Elementary School, an inner-city, multicultural school located near downtown Oklahoma City. Hundreds of volunteer tutors tutor over 150 elementary students every year on a one-on-one basis.[1][2] In September of 2006, Mark Twain Elementary was removed from the "at risk" list.