Devon Energy Closes Sale of Egyptian Operations



    OKLAHOMA CITY, Oct. 8 /CNW/ -- Devon Energy Corporation (NYSE:   DVN)
announced today that it has completed the previously announced sale of its
Egyptian oil and gas operations to Dana Petroleum plc. The sales price of $375
million included the purchase of $67 million of net working capital. Devon
expects to incur no taxes on the transaction.
    Devon Energy Corporation is an Oklahoma City-based independent energy
company engaged in oil and gas exploration and production. Devon is one of the
world's leading independent oil and gas producers and is included in the S&P
500 Index. For additional information, visit http://www.devonenergy.com.




For further information:

For further information: Investors, Zack Hager, +1-405-552-4526, or
Media,  Chip Minty, +1-405-228-8647, both of Devon Energy Corporation Web
Site: http://www.devonenergy.com

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DEVON ENERGY CORPORATION

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