Devon Energy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis – Q4, 2011 by GlobalData

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Devon Energy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational data, analysis and strategic insight into company. The report provides latest annual and quarterly overview of production, reserves, share price performance, reserve changes, capital expenditures, acreage, performance metrics and results of oil & gas operations.

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									               Devon Energy Corporation Oil & Gas Exploration and Production
                         Operations and Cost Analysis – Q4, 2011
        Reference Code: GDGE31212OAR                                                                                     Publication Date: APR 2012

        Company Snapshot                                                               Company Overview
        Key Information                                                                Devon Energy Corporation (Devon Energy) is an independent
                                                                                       oil and gas producer in the US. It engages in the oil and gas
         Devon Energy Corporation, Key Facts                                           exploration and production, transportation of oil, gas and NGL
          Web Address                          www.devonenergy.com                     (natural gas liquids). The company owns natural gas pipelines
          Financial year-end                   December                                and treatment facilities. Devon Energy carries out its
          Number of Employees                  5,200                                   operations mainly in the US and Canada. It produces 2.5
                                                                                       billion cubic feet (Bcf) of natural gas each day, more than 3%
          NYSE                                 DVN
                                                                                       of all the gas consumed in North America.
          Source: GlobalData


         Key Ratios
           Devon Energy Corporation, Key Ratios                                           Devon Energy Corporation, Reserves and Production,
           P/E                                                              14.0          2007-2011
           EV/EBITDA                                                         5.0
           Return on Equity (%)                                             22.0
           Debt/Equity                                                     45.60
           Operating       profit   margin                                 39.50
           (%)
           Dividend Yield                                                   0.01
           Note: Above ratios are based on share price as of 11-Apr-2012
                                                                                          Source: GlobalData
           Source: GlobalData



           Devon Energy Corporation, Share Price                                         Devon Energy Corporation, Key Valuation Metrics,
           Performance, USD/Share, Q4, 2010-Q4, 2011                                     EV/Production ($/boed), EV/Proved Reserve ($/boe),
                                                                                         Q4, 2010-Q4, 2011




           Source: GlobalData
                                                                                         Source: GlobalData



          Devon Energy Corporation, Key Costs Per boe, $/boe,                            Devon Energy Corporation, Costs Incurred By Type,
                                2011                                                     $m, 2007-2011
          Parameter                                                         2011
          Oil & Gas Finding &                                               18.91
          Development Cost/boe, Annual
          Oil & Gas Finding Cost per boe,                                    3.51
          Annual
          Proved Reserves Acquisition                                        6.00
          Cost per boe, Annual
          Reserve Replacement Cost per                                      18.63
          boe, Annual
         Source: GlobalData                                                              Source: GlobalData




Devon Energy Corporation Operations & Cost Analysis                                                                          Reference Code: GDGE31212OAR
For Data Definitions Refer to the Appendix
Source: www.energyetrack.com                                                                                                                            Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Table of Contents
       Table of Contents ............................................................................................................................................................................... 2
          List of Tables .................................................................................................................................................................................. 4
          List of Figures ................................................................................................................................................................................. 5
       Devon Energy Corporation, Valuation and Financial Data ................................................................................................................. 8
          Devon Energy Corporation, Share Price Performance ................................................................................................................... 8
             Share Price Performance, Q4, 2010-Q4, 2011 ........................................................................................................................... 8
          Devon Energy Corporation, Key Valuation Metrics ......................................................................................................................... 9
             Key Valuation Metrics, Q4, 2010-Q4, 2011 ................................................................................................................................. 9
          Devon Energy Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced ......................................................... 10
             Results of Oil & Gas Operations Per boe Produced, Q4, 2010-Q4, 2011 ................................................................................. 10
             Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2010-Q4, 2011........................................................................... 11
          Devon Energy Corporation, Quarterly E&P Costs Trends ............................................................................................................ 12
             Upstream Capital Expenditure, Q4, 2010-Q4, 2011 .................................................................................................................. 12
       Devon Energy Corporation, Quarterly Production Trends ................................................................................................................ 13
          Devon Energy Corporation, Total Oil and Gas Production............................................................................................................ 13
             Total Crude Oil and Natural Gas Production Trend, Q4, 2010-Q4, 2011 .................................................................................. 13
             Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2010-Q4, 2011 ................................................................ 14
          Devon Energy Corporation, Crude Oil Production ........................................................................................................................ 15
             Total Crude Oil Production Trend, Q4, 2010-Q4, 2011 ............................................................................................................. 15
             Crude Oil Production, By Country/Region, Q4, 2010-Q4, 2011 ................................................................................................ 16
          Devon Energy Corporation, Natural Gas Production .................................................................................................................... 17
             Total Natural Gas Production Trend, Q4, 2010-Q4, 2011 ......................................................................................................... 17
             Natural Gas Production, By Country/Region, Q4, 2010-Q4, 2011 ............................................................................................ 18
       Devon Energy Corporation, Valuation and Financial Data, 2007-2011 ............................................................................................ 19
          Devon Energy Corporation, Share Price Performance, 2007-2011 .............................................................................................. 19
             Share Price Performance, 2007-2011 ....................................................................................................................................... 19
             Key Valuation Metrics, 2007-2011 ............................................................................................................................................ 20
       Devon Energy Corporation, Production and Reserves Trends ......................................................................................................... 21
          Total Oil and Gas, Reserves and Production ................................................................................................................................ 21
             Total Crude Oil and Natural Gas Production and Reserves Trend, 2007-2011......................................................................... 21
             Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2007-2011........................................................ 23
             Total Crude Oil and Natural Gas Reserve Changes, 2007-2011 .............................................................................................. 25
          Crude Oil/Liquids Production and Reserve ................................................................................................................................... 26
             Crude Oil/Liquids Production and Reserve Trend, 2007-2011 .................................................................................................. 26
             Crude Oil Production and Reserves By Country/Region, 2007-2011 ........................................................................................ 27
             Crude Oil/Liquids Reserve Changes, 2007-2011 ...................................................................................................................... 29
          Natural Gas Production and Reserve ........................................................................................................................................... 30
             Natural Gas Production and Reserve Trend, 2007-2011 .......................................................................................................... 30
             Natural Gas Production and Reserves, By Country/Region, 2007-2011 ................................................................................... 31
             Natural Gas Reserve Changes, 2007-2011 .............................................................................................................................. 33
          Total Crude Oil and Natural Gas Reserves Life Index .................................................................................................................. 34
             Total Crude Oil and Natural Gas Reserves Life Index, 2007-2011 ........................................................................................... 34
             Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2007-2011 ........................................................... 35
       Devon Energy Corporation, E&P Costs Trends................................................................................................................................ 37
          Allocation of the Upstream Capital Expenditure............................................................................................................................ 37
             Upstream Capital Expenditure, 2007-2011 ............................................................................................................................... 37

Devon Energy Corporation Operations & Cost Analysis                                                                                                                   Reference Code: GDGE31212OAR
For Data Definitions Refer to the Appendix
Source: www.energyetrack.com                                                                                                                                                                                    Page 2
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
             Acquisition Costs By Country/Region, 2007-2011..................................................................................................................... 38
             Exploration and Development Costs, By Country/Region, 2007-2011 ...................................................................................... 40
          Oil and Gas Cost Per boe, $/boe .................................................................................................................................................. 42
             Oil and Gas Cost Per boe, $/boe, 2007-2011 ........................................................................................................................... 42
             Oil and Gas Cost Per boe, $/boe, By Country/Region, 2007-2011 ........................................................................................... 44
       Devon Energy Corporation, Reserve Replacement Ratio ................................................................................................................ 47
          Oil and Gas Production Replacement Ratio ................................................................................................................................. 47
             Oil and Gas Production Replacement Ratio, 2007-2011 ........................................................................................................... 47
             Oil and Gas Production Replacement Ratio, By Country/Region, 2007-2011 ........................................................................... 49
       Devon Energy Corporation, Results of Oil & Gas Operations Trend ................................................................................................ 53
          Oil and Gas Revenue and Expenses ............................................................................................................................................ 53
             Oil and Gas Revenue and Expenses, 2007-2011 ..................................................................................................................... 53
             Oil and Gas Revenue and Expenses, By Country/Region, 2007-2011 ..................................................................................... 54
          Oil and Gas Revenue and Expenses, Per boe ............................................................................................................................. 59
             Oil and Gas Revenue and Expenses, By boe, 2007-2011 ........................................................................................................ 59
             Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2007-2011 ........................................................................ 60
          Oil and Gas Performance Metrics ................................................................................................................................................. 64
       Devon Energy Corporation, Land Holdings and Well Data ............................................................................................................... 65
          Developed and Undeveloped Acreage ......................................................................................................................................... 65
             Gross and Net Developed and Undeveloped Acreage, 2007-2011....................................................................................
								
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