OKLAHOMA CITY, May 28 /CNW/ -- Devon Energy Corporation (NYSE: DVN)
announced today its plans to combine the company's International and Gulf
Divisions into one offshore division. The integration will provide greater
focus and efficiency to these areas of operations which have similar scope,
technical requirements and strategy. The newly formed Offshore Division will
remain in Houston.
"The decision to combine these two divisions will allow us to better pool
our knowledge and resources in offshore exploration and development," said
Dave Hager, executive vice president of exploration and production. "We
continue to view our deepwater strategy as a means to enhance Devon's
long-term growth opportunities."
Tony D. Vaughn has been named senior vice president and will lead the
newly formed Offshore Division. Vaughn, 51, was previously senior vice
president of Devon's Gulf Division. Prior to that, he served as the company's
vice president for planning and evaluation. He holds Bachelor of Science
degrees in Petroleum Engineering from the University of Tulsa and in Business
Management from Oral Roberts University. He is a member of the Society of
Devon Energy Corporation is an Oklahoma City-based independent energy
company engaged in oil and gas exploration and production. Devon is the
largest U.S.-based independent oil and gas producer and is included in the S&P
500 Index. For additional information, visit www.devonenergy.com.
For further information:
For further information: Investors, Shea Snyder, +1-405-552-4782, or
Media, Chip Minty, +1-405-228-8647, both of Devon Energy Corporation Web Site: