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.
WPX Energy is an independent oil and natural gas exploration and production company based in Tulsa, Oklahoma. Founded in 1983, it focuses on the development and exploitation of unconventional resources, primarily from tight-sands and shale formations as well as coalbed methane reserves. WPX Energy operates a significant number of wells, including 688 in the Delaware Basin across Texas and New Mexico, and 404 in the Williston Basin in North Dakota. The company has interests in an additional 787 wells in the Delaware Basin and 104 in the Williston Basin, covering a total of approximately 209,000 net acres. As of the end of 2019, WPX Energy reported proved reserves amounting to 528 million barrels of oil equivalent, underscoring its role in the energy sector.
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