# Devon Energy

> Devon Energy is a U.S. oil, natural gas and natural gas liquids producer whose portfolio is anchored in the Delaware Basin. After completing its Coterra merger in May 2026, the Houston-based company is concentrating capital on long-lived assets and infrastructure while returning cash through dividends and share repurchases.

- **Founded:** 1971
- **Headquarters:** Houston, United States
- **Founders:** John W. Nichols (Co-founder; former chairman), J. Larry Nichols (Co-founder; former CEO and chairman)
- **Products:** Crude oil, Natural gas, Natural gas liquids, Marketing and midstream activities
- **Notable:** Founded in 1971 with five employees and no assets., Publicly traded since 1988; joined the S&P 500 in 2000., Applied horizontal drilling to its acquired Barnett Shale position and drilled its 1,000th horizontal well in 2007.

## Products & services

- **Crude oil** — U.S. onshore oil production supplied to refiners and commodity markets.
- **Natural gas** — Gas production marketed through domestic infrastructure and commercial arrangements linked to export demand.
- **Natural gas liquids** — Hydrocarbon liquids sold into fuel and petrochemical markets.
- **Marketing and midstream activities** — Commodity marketing and infrastructure interests supporting production, processing and market access.

## Achievements

- Founded in 1971 with five employees and no assets.
- Publicly traded since 1988; joined the S&P 500 in 2000.
- Applied horizontal drilling to its acquired Barnett Shale position and drilled its 1,000th horizontal well in 2007.
- Completed the WPX merger in January 2021 and Coterra merger in May 2026.
- Reported nearly 95 million barrels of recycled water use in 2024.

## Latest updates

- **2026-10** — Agreed to sell Eagle Ford assets to Crescent Energy for $4.2 billion cash; expected closing around year-end, subject to conditions.
- **2026-08** — Announced final investment decision for the Solitude Pipeline System.
- **2026-08** — Reported second-quarter results on August 4.
- **2026-05** — Completed Coterra merger and relocated headquarters to Houston.

## Links

- Website: https://www.devonenergy.com
- LinkedIn: https://www.linkedin.com/company/devon-energy/
- Twitter/X: https://twitter.com/DevonEnergy
- Instagram: https://www.instagram.com/devonenergy/
- Facebook: https://www.facebook.com/DevonEnergy/

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Profile page: https://yespress.io/devon-energy
Published by YesPress — https://yespress.io
Last updated: 2026-10-22