Devon Energy

Devon Energy Corporation is an independent energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. Founded in 1971 and headquartered in Oklahoma City, it operates approximately 3,955 gross wells across several prominent U.S. shale plays. A significant portion of its production, about two-thirds, is derived from the Permian Basin, while the company also maintains a substantial presence in the Anadarko, Eagle Ford, and Bakken basins. As of the end of 2023, Devon reported net proved reserves of 1.8 billion barrels of oil equivalent and an average net production of roughly 658,000 barrels of oil equivalent per day, with a composition of 73% oil and natural gas liquids and 27% natural gas.

J. Larry Nichols

Co-Founder and Executive Chairman

17 past transactions

PrePad

Seed Round in 2025
PrePad provides advanced software solutions for optimizing capital lifecycle management, execution tactics, and asset development in the oil and gas drilling and completion industries.

Fervo Energy

Series D in 2024
Fervo Energy, founded in 2017 and based in San Francisco, California, specializes in the development and commercialization of next-generation geothermal power technology. The company focuses on owning, developing, and operating geothermal assets to generate clean, carbon-free energy in new locations. By leveraging innovations in geoscience, Fervo Energy aims to accelerate the transition to a sustainable energy future, positioning itself as a key player in the evolution of the electric grid. Its proprietary technology serves as a dispatchable foundation for achieving a fully clean energy system, enabling clients to enhance productivity and scalability in energy production.

Fervo Energy

Corporate Round in 2023
Fervo Energy, founded in 2017 and based in San Francisco, California, specializes in the development and commercialization of next-generation geothermal power technology. The company focuses on owning, developing, and operating geothermal assets to generate clean, carbon-free energy in new locations. By leveraging innovations in geoscience, Fervo Energy aims to accelerate the transition to a sustainable energy future, positioning itself as a key player in the evolution of the electric grid. Its proprietary technology serves as a dispatchable foundation for achieving a fully clean energy system, enabling clients to enhance productivity and scalability in energy production.

Indian Health Council

Corporate Round in 2023
Indian Health Council provides medical and dental services.

Validus Energy

Acquisition in 2022
Validus Energy is an exploration and production company dedicated to acquiring and exploiting upstream oil and gas assets. The company specializes in building and operating a significant portfolio of producing wells and drilling locations within the Eagle Ford Shale. By focusing on efficient asset management, Validus Energy aims to enhance production capabilities while ensuring sustainable financial practices.

RimRock Oil & Gas

Acquisition in 2022
RimRock Oil & Gas, LP is an independent oil and gas exploration and production company based in Denver, Colorado, established in 2016. The firm specializes in acquiring and developing unconventional oil and gas assets across various basins in North America. Under the leadership of President and Chief Executive Officer Jim Fraser, who has extensive experience in the upstream sector, RimRock aims to enhance its portfolio through strategic asset development. The company's approach is focused on long-term growth, leveraging Fraser's proven track record from his previous roles at notable energy companies. As a portfolio company of Warburg Pincus, RimRock is positioned to capitalize on opportunities within the evolving energy landscape.

WPX Energy

Acquisition in 2020
WPX Energy, Inc. is an independent oil and natural gas exploration and production company based in Tulsa, Oklahoma. Established in 1983, the company specializes in the development and production of unconventional resources, including tight-sands and shale formations, as well as coalbed methane reserves. WPX Energy operates a substantial portfolio, with 688 wells and interests in 787 additional wells across approximately 122,000 net acres in the Delaware Basin of Texas and New Mexico. Additionally, it manages 404 wells and holds interests in 104 wells covering around 87,000 net acres in the Williston Basin of North Dakota. As of the end of 2019, WPX Energy reported proved reserves totaling 528 million barrels of oil equivalent, emphasizing its focus on liquid production while providing oil and natural gas products to the market.

Felix Energy II

Acquisition in 2015
Felix Energy, LLC is an oil and gas exploration and production company based in Denver, Colorado. Incorporated in 2013, the company specializes in developing and operating oil and gas assets throughout the onshore United States. Felix Energy aims to create value from its projects by leveraging its expertise in the exploration and production sectors. As of early 2020, it operates as a subsidiary of WPX Energy, Inc.

Chief Oil & Gas

Acquisition in 2006
Chief Oil & Gas LLC is a privately owned independent oil and gas exploration and production company, primarily focused on the Marcellus Shale region in Northeast Pennsylvania. The company specializes in the extraction of natural gas, which serves various essential needs, including heating, cooking, transportation, and as a feedstock for manufacturing and electricity generation. Chief Oil & Gas is committed to minimizing environmental impacts while conducting its operations, striving to provide energy solutions that support both economic and ecological sustainability.

Ocean Energy

Acquisition in 2003
Ocean Energy, Inc. is an independent energy company engaged in the exploration, development, production, and acquisition of crude oil and natural gas. North American operations are focused in the shelf and deepwater areas of the Gulf of Mexico, the Rocky Mountains, Permian Basin, Anadarko, East Texas, North Louisiana and Gulf Coast regions. Internationally, Ocean holds a leading position among U.S. independents in West Africa with oil and gas activities in Equatorial Guinea, Angola, Nigeria and Cote d'Ivoire. The company also conducts operations in Egypt, the Russian Republic of Tatarstan, Brazil, and Indonesia.

Mitchell Energy & Development Corp

Acquisition in 2002
Mitchell Energy & Development is operates natural gas processing plants and gathering systems in Texas.

Anderson Exploration

Acquisition in 2001
Anderson Exploration is explores for and produces oil and gas. Canadian natural-gas producer Anderson Exploration.

Santa Fe Snyder Corp.

Acquisition in 2000
Santa Fe Snyder Corporation was an independent oil & gas exploration and production company.

PennEnergy Resources

Acquisition in 1999
PennEnergy Resources is an independent oil and gas company that operates in the Appalachian Basin, specifically within the Marcellus region. The company specializes in the acquisition and development of unconventional shale resources, aiming to create value for investors, stakeholders, employees, and landowners. PennEnergy Resources emphasizes safe and environmentally responsible practices in its operations, ensuring that resource development aligns with sustainability and safety standards. Through its focus on unconventional resources, the company seeks to optimize value creation while maintaining a commitment to responsible environmental stewardship.

Northstar Energy Corp

Acquisition in 1998
Northstar Energy Corporation offers oil and gas exploration and production services.

Kerr McGee

Acquisition in 1996
Kerr-McGee Corporation offers oil and natural gas exploration and production services in the United States. The company acquires leases and concessions, as well as explores, develops, produces, and markets crude oil and natural gas. It explores for oil and gas in onshore in the United States, the U.S. Gulf of Mexico, and offshore China. It also explores in proven hydrocarbon basins worldwide, including the North Slope of Alaska and offshore Angola, Bahamas, Benin, Brazil, Morocco, and Trinidad and Tobago. Kerr-McGee Corporation was formerly known as Kerr-McGee Oil Industries, Inc. and changed its name to Kerr-McGee Corporation in 1965. The company was founded in 1929 and is based in The Woodlands, Texas. As of August 10, 2006, Kerr-McGee Corporation operates as a subsidiary of Anadarko Petroleum Corporation.

Hondo Oil & Gas

Acquisition in 1992
Hondo Oil & Gas Co is the most of the domestic oil and gas.
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