Devon Energy Corporation
20 North Broadway
Oklahoma City,
OK 73102-8260
Phone: 405-235-3611
Fax: 405-552-4550
Web Site: http://www.devonenergy.com
| Devon Energy Corporation and its subsidiaries primarily engage in oil and gas exploration, development, and production; the transportation of oil, gas, and natural gas liquids; and the processing of natural gas. The company owns oil and gas properties principally in the Permian Basin, the Mid-Continent, the Rocky Mountains, and onshore and offshore Gulf Coast regions in the United States, as well as in the western Canadian sedimentary basin in Alberta and British Columbia. It also owns properties located in Azerbaijan, Brazil, and China. Further, Devon Energy's marketing and midstream operations include the marketing of oil, gas, and natural gas liquids, as well as the construction and operation of pipelines, storage and treating facilities, and gas processing plants in North America. As of December 31, 2006, the company had proved reserves of 708 million barrels of oil; 8,356 billion cubic feet of gas; and 275 million barrels of natural gas liquids. It also had interests in 5,267 net oil producing wells and 14,137 net gas producing wells. Devon Energy sells its gas production to various customers, including pipelines, utilities, gas marketing firms, industrial users, and local distribution companies; and crude oil production to refiners, remarketers, and other companies. The company was founded in 1971 and is based in Oklahoma City, Oklahoma. |
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| Key Statistics |
|
|
|
| |
Pay |
Exercised |
Mr. J. Larry Nichols , 65
Co-founder, Chairman, Chief Exec. Officer and Chairman of Dividend Committee
|
$
3.80M |
$
4.35M |
Mr. John Richels , 57
Pres
|
N/A
|
N/A |
Mr. Danny J. Heatly , 52
Acting Chief Financial Officer, Chief Accounting Officer and VP of Accounting
|
$
530.00K |
$
1.51M |
Mr. Stephen J. Hadden , 53
Sr. VP of Exploration and Production
|
N/A
|
N/A |
Mr. Darryl G. Smette , 60
Sr. VP of Marketing and Midstream
|
$
1.40M |
$
2.81M |
|
|
|
Dollar amounts are as of
31-Dec-06
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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