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Devon Energy Corp | Devon Energy Overview: The Company, Exploration and Technology | Herb Martin | Page 1 of 11 | April 30, 2024

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D evon Energy Overview: The Company, Exploration, and Technology * Herb Martin 1 Sea rch and Discovery Article #70124 (2012) Posted October 8, 2012** *Adapted from presentation at Tulsa Geological Society dinner meeting, September 4, 2012 rights given by author. For all other rights contact author directly. 1 VP Strategic Geoscience , E&P Strategic Services group , Devon Energy, Oklahoma City, OK ( herb.martin@dvn.com ) Abstract Devon Energy is a pioneer company and today it is focused on exploring and developing a number of these plays across No rth America. This informal presentation consists of three parts (1) a focus on Devon the company, with some insight into the corporate structure, corporate values and philosophy, and our current activity and capital budget ; (2) a high - level view of some of the plays in which Devon is involved; (3) some insight into some of our approaches to technology and innovation. In the f irst part, the current structure of Devon (subsequent to the divestiture of international and GOM properties) is examined and discussed, including the philosophy behind those exploration philosophy and activity i s considered. The middle part of presentation is an activity. That include s ideas on play entry, balance of spending , and risk management. Lastly, introduction is provided to ion and technology, particularly in the geosciences. The structure of and its function is discussed, and then highlighted with a few examples