Devon Energy Corporation

Devon Energy Corporation

Devon Energy Corporation

Overview
Date Founded

1999

Headquarters

333 West Sheridan Avenue,Oklahoma City, OK 73102-5015

Type of Company

Public

Employees (Worldwide)

1,400

Industries

Oil & Gas
Power & Utilities
Alternative Energy

Company Description

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

Contact Data
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Executives & Employees

Co-Founder & Executive Chairman

Director, President & Chief Executive Officer

Executive Chairman

Executive Vice President & Chief Financial Officer

Chief Operating Officer & Executive Vice President

Executive Vice President & General Counsel

Chief Corporate Development Officer & Executive Vice President

Senior Vice President & Chief Accounting Officer

Vice President & Controller

Benefit Plan Administrator

Board of Directors

Executive Chairman at Devon Energy Corporation

President at Kerr-McGee Holdings, Inc.

Former President & Chief Executive Officer at Overseas Private Investment Corporation

President & Owner at Cross Creek Energy Corp.

Former Managing Director, Business Development at Texaco, Inc.

President, Chief Executive Officer & Owner at Valiant Exploration LLC

Former Managing Partner at Ernst & Young LLP

Senior Advisor at Bain & Co., Inc.

Director, President & Chief Executive Officer at Devon Energy Corporation

Operating Partner at Clayton Dubilier & Rice LLC

Paths to Devon Energy Corporation
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Devon Energy Corporation
Owners & Shareholders
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FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm’s strategies primarily invest in US listed companies and are a long only in stocks that they believe, based on its analysis, are undervalued. FTAM’s investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, behavioral mid-cap value, micro-cap, behavioral unconstrained equity, behavioral small-mid core equity, and behavioral all-cap equity.

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SCM employs a research intensive, value approach that often requires a contrarian philosophy and one with a time horizon measured in years. Investments are typically being made in out-of-favor companies whose securities may be declining. The portfolio on average includes 20-35 domestic equities traded on major exchanges and generally holds these securities as opposed to frequently trading many different securities.

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ExodusPoint employs a global multi-strategy investment approach which seeks to deliver compelling asymmetric returns by combining complementary liquid strategies. Strategies span major asset classes across global markets predominantly falling within the fixed income and equity which are generally market neutral and typically exhibit low levels of correlation to broad market indices. Funds managed by ExodusPoint invest on both a cash and synthetic basis and take short positions for both speculative and hedging purposes.

Recent Transactions
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Denbury, Inc. purchases Devon Energy Corp /2 Oil Fields from Devon Energy Corporation

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Devon Energy Corporation purchases WPX Energy, Inc.

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Canadian Natural Resources Ltd. purchases Devon Canada Corp. from Devon Energy Corporation

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onBP Plc purchases Devon Energy Corp. /Brazil, Azerbaijan & US Deepwater Ops from Devon Energy Corporation

Accountant

Advised onDevon Energy Corporation purchases Ocean Energy, Inc. (Texas)

Investment Advisor

Advised onGEPetrol purchases Devon Energy Corp. /Equatorial Guinea Oil & Gas Bus from Devon Energy Corporation

Co-Head, Energy Transactions & Projects Practice Group

Advised onBP Plc purchases Devon Energy Corp. /Brazil, Azerbaijan & US Deepwater Ops from Devon Energy Corporation

Legal Advisor

Advised onDevon Energy Corporation purchases Crosstex Energy, Inc. from Blackstone/GSO Capital Solutions Fund LP, Blackstone/GSO Capital Solutions Overseas Master Fund LP resulting in a new company EnLink Midstream LLC

Legal Advisor

Advised onKalnin Ventures LLC purchases from Devon Energy Corporation

Advisors & Consultants
Legal Advisor

Vice Chairman at Texas Hearing Institute

Special Advisor

Vice Chairman-Finance at Offshore Energy Center

Legal Advisor

Partner at Skadden, Arps, Slate, Meagher & Flom LLP

Clients

Atmos Energy Corp. engages in the regulated natural gas distribution and pipeline and storage businesses. It operates through the Distribution, and Pipeline and Storage business segments. The Distribution segment comprises regulated natural gas distribution and related sales operations. The Pipeline and Storage segment includes the pipeline and storage operations of Atmos Pipeline-Texas division and natural gas transmission operations in Louisiana. The company was founded in 1983 and is headquartered in Dallas, TX.

Martin Midstream Partners LP engages in a diverse set of operations focused primarily in the United States Gulf Coast region. It operates through the following segments: Terminalling and Storage, Transportation, Sulfur Services, and Natural Gas Liquids. The Terminalling and Storage segment offers storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of various grades and quantities of industrial, commercial, and automotive lubricants and greases. The Transportation segment manages a fleet of inland marine tank barges, inland push boats and offshore tug, and barge unit that transport petroleum products and by-products. The Sulfur Services segment develops an integrated system of transportation assets and facilities relating to sulfur services. The Natural Gas Liquids segment distributes natural gas liquids. The company was founded in 2002 and is headquartered in Kilgore, TX.

Key Stats and Financials As of 2020
Market Capitalization
$17.7B
Total Enterprise Value
$8.22B
Earnings Per Share
$-7.12
Revenue
$4.67B
EBITDAMargin
25.34%
EBITDA
$1.18B
Net Profit
$-2.68B
Enterprise Value / Sales
1.76x
Enterprise Value EBITDAOperating
6.94x
TEVNet Income
-3.06x
Debt TEV
0.55x
Total Debt
$4.55B
Total Equity
$3.02B
Three Year Compounded Annual Growth Rate Of Revenue
-30.29%
Non-Profit Donations & Grants
Political Donations
$2,500
2012
$2,000
2012
$500
2012
Investments
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The Petroleum Place LLC engages in property acquisition and divestiture services, business operations software, and geospatial data solutions. It offers solutions specifically designed to help its clients acquire, develop, manage, divest, and account for oil and gas properties. The company was founded by Gary R. Vickers on January 28, 1999 and is headquartered in Denver, CO.

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Colt WTX Resources LLC engages in the exploration, development and production of oil and natural gas properties. The firm owns a non-op working interest in a drilling and development unit operated by Devon Energy. The company was founded on September 4, 2012 and is headquartered in Dallas, TX.

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Colt CTX Resources LLC engages in the exploration, development and production of drills horizantal wells. The company is headquartered in Dallas, TX.

Suppliers
MarkWest Energy Partners LP Oil & Gas | Denver, Colorado

MarkWest Energy Partners LP engages in the business of gathering, processing and transportation of natural gas; the transportation, fractionation, storage and marketing of natural gas liquids; and the gathering and transportation of crude oil. It operates through four segments: Marcellus, Utica, Northeast and Southwest. The Southwest segment includes the operations of processing facilities in Corpus Christi, Texas. The Northeast segment assets include the Kenova, Boldman, Cobb, Kermit and the Langley natural gas processing complexes, NGL pipeline and Siloam NGL fractionation facility. The Marcellus segment includes gathering, processing and fractionation infrastructure in the liquids-rich area of the Marcellus Shale The Utica segment provides fractionation services. The company was founded in January 2002 and is headquartered in Denver, CO.

Forbes Energy Services Ltd. Oil & Gas | Alice, TX

Forbes Energy Services Ltd. engages in the provision of drilling-related and production-related services to oil and natural gas companies. It operates through the following segments: Well Servicing, Coiled Tubing, and Fluid Logistics. The Well Servicing segment provides well maintenance, well workovers, completion and swabbing activities, plugging and abandonment services, and pressure testing of oil and natural gas production. The Coiled Tubing segment offers a range of services accomplishing a wide variety of goals including horizontal completions, well bore clean-outs and maintenance, nitrogen services, thru-tubing services, formation stimulation using acid and other chemicals, and other pre- and post-hydraulic fracturing well preparation services. The Fluid Logistics segment utilizes its fleet of owned and leased fluid transport truck and related assets to provide, transport, store, and dispose of a variety of drilling and produced fluids. The company was founded by John E. Crisp, Janet L. Forbes and Charles C. Forbes, Jr. in September 2003 and is headquartered in Alice, TX.

PROFIRE ENERGY INC Power & Utilities | Lindon, UT

Profire Energy, Inc. engages in the manufacture of industrial combustion appliances. Its product categories include burner management, combustion control, waste management, fuel and gas train management, stands, pilots, burners, chemical management, flame arrestors, combustion equipment, accessories and components, and legacy. It operates through the United States and Canada geographical segments. The company was founded on May 5, 2003 and is headquartered in Lindon, UT.

Competitors
Occidental Petroleum Corporation Oil & Gas - Houston, Texas

Occidental is an international energy company with operations in the United States, Middle East, Africa and Latin America. We are one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon dioxide management to advance a lower-carbon world.??

EOG Resources, Inc. Oil & Gas - Houston, TX

EOG Resources, Inc. is one of the largest independent (non-integrated) crude oil and natural gas companies in the United States with proved reserves in the United States, Canada, Trinidad, the United Kingdom and China. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol “EOG.” At December 31, 2011, EOG’s estimated net proved crude oil, condensate and natural gas liquids reserves were 745 million barrels and estimated net proved natural gas reserves were 7,851 billion cubic feet for a total of 2,054 million barrels of oil equivalent. Approximately 84 percent of these reserves on a crude oil equivalent basis were located in the United States, 9 percent in Canada, 6 percent in Trinidad and less than 1 percent in the United Kingdom and China. At year-end 2011, EOG had approximately 2,550 employees

Continental Resources, Inc. Oil & Gas - Oklahoma City, OK

Continental Resources is a Top 10 petroleum liquids producer in the United States and the largest leaseholder in the nation’s premier oil play, the Bakken Play of North Dakota and Montana. Based in Oklahoma City, the company also has a leading presence in the Anadarko Woodford Play of Oklahoma and the Red River Units Play of North Dakota, South Dakota and Montana. Founded in 1967, Continental’s growth strategy has focused on crude oil since the 1980s. The company reported total revenues of $1.6 billion for 2011 and is on track to triple production and proved reserves from 2009 to 2014.

Awards & Honors
Rank #216
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #216
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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