MELANY's data-driven read on Devon Energy Corporation · Crude Petroleum & Natural Gas.
Devon Energy is an oil and gas producer with acreage across several top US shale plays. Roughly two-thirds of its production comes from the Permian Basin, with a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins, and the Coterra merger will add a position in the gas-driven Appalachian Basin. At the end of 2025 it reported net proved reserves of 2.4 billion barrels of oil equivalent, up from 2.2 billion in 2024.
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