|
Independent oil and gas producer Devon Energy is buying its way into the big leagues. With acquisitions of PennzEnergy, Northstar Energy, and Santa Fe Snyder, it has become an oil and gas heavyweight. It got stouter by buying Anderson Exploration and Mitchell Energy & Development. It also acquired Ocean Energy for $3.5 billion and merged it with its Devon Newco unit. Devon has proved reserves of 677 million barrels of oil, 9 trillion cu. ft. of natural gas, and 321 million barrels of natural gas liquids. It has exploration and production assets in the Gulf of Mexico, western Canada, and in other major oil patches worldwide such as Azerbaijan, Brazil, and China.
|
| | | Contact Information | |
Address: |
20 N. Broadway
Oklahoma City, OK 73102-8260
| | Phone: | 405-235-3611 | | Fax: | 405-552-4550 |
|
| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2007): | 11362.00 M | | Revenue Growth (1 yr): | 7.40% | | Employees (2007): | 5,000 | | Employee Growth (1 yr): | 8.70% |
|
|
Key People
| | • |
Chairman and CEO:
J. Larry Nichols
| | • |
President and Director:
John Richels
| | • |
SVP Marketing and Midstream:
Darryl G. Smette
|
|
|
