THE OILFIELD PROFILE
THE DEVON WAY...New Ideas
Unlock Unconventional Resources
“We usually find oil in a new place with old ideas. Sometimes, we find oil in an old place with a new idea, but we seldom
find much oil in an old place with an old idea.”
“Several times in the past we have thought that we were running out of oil, when actually we were running out of ideas.”
— Parke A. Dickey, University of Tulsa Petroleum geology professor, September 1958
More than 50 years later, Professor Dickey’s statement still seems timeless. Devon’s projects are not defined by old ideas
and many of our exploration endeavors attempt to unlock the resources others may have left behind. We have developed
world-class natural gas fields in places long overlooked as unproductive and uneconomical.
DEVON’S MISSION: Devon is a resultsoriented oil and gas company that builds
value for shareholders through our
employees by creating a culture of health,
safety and environmental stewardship in
an atmosphere of optimism, teamwork,
creativity and resourcefulness and by
dealing with everyone in an open and
ethical manner.
The coalbeds of northwest New Mexico’s San Juan Basin and the Barnett Shale of North Texas were ignored for decades
by oilmen drilling for less complicated sandstone targets above and below. Howver, coalbed natural gas production grew
throughout the first decade of the 21st century, and shale represents the future of the North American natural gas industry. Unconventional natural gas fields are among the most prolific in North America, and Devon is a leader in developing
them.
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