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Blue Chip Growth

Stock Report: Devon Energy Corporation (DVN) Report Updated: Dec 15, 2014 | Print This Page

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Company Profile

Devon Energy Corporation, an independent energy company, engages primarily in exploration, development, and production of oil, natural gas, and natural gas liquids. The company holds interest in various properties located in Rocky Mountains, Mid-Continent, Permian Basin, and Gulf Coast regions of the United States. It also owns oil and gas properties in Alberta, British Columbia, and Saskatchewan provinces of Canada. As of December 31, 2011, the company had total proved reserves of 3,005 million barrels of oil equivalent. It also operates approximately 24,000 wells. In addition, the company provides marketing and midstream services, such as selling natural gas liquids that are either extracted from the gas streams processed by its plants or purchased from third parties for marketing, and selling or gathering gas that moves through owned transport pipelines and unrelated third-party pipelines. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

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