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.
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.
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