Devon Energy Announces Robert Mosbacher, Jr. to Rejoin Board of Directors

    OKLAHOMA CITY, April 7 /CNW/ -- Devon Energy Corporation (NYSE:   DVN)
announced today that Robert A. Mosbacher, Jr. has been appointed to its board
of directors. Mr. Mosbacher fills the position vacated by David A. Hager who
was recently named Devon's executive vice president of exploration and

    Mosbacher previously served on Devon's board of directors from 1999 until
his resignation in 2005. His resignation resulted from his appointment in 2005
as president and chief executive officer of the Overseas Private Investment
Corporation (OPIC). OPIC is an independent agency of the federal government
that supports private capital investment in emerging markets around the world.

    "We are very pleased that Rob Mosbacher has agreed to return to Devon's
board of directors," commented J. Larry Nichols, chairman and chief executive
officer. "His familiarity with Devon, industry experience and service in the
public sector make him uniquely qualified for Devon's board."

    Mosbacher previously served as president and chief executive officer of
Mosbacher Energy Company, an independent oil and natural gas exploration and
production company, from 1986 to 2005. Prior to that, Mr. Mosbacher had a
distinguished public service career. He currently also serves as a director of
Calpine Corporation.

    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



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:

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