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Devon Energy Corp | 2012 Citi Global Energy Conference | John Richels | Page 22 of 11 | November 23, 2024

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N Y SE: DV N www. de vonene r g y . c o m S lid e 21 Permian Basin Overview Oil & Liquids-Rich Opportunities N e t ri sk e d r e so ur c e : 2.8 BBOE Risked l o cat io n s: >8,000 Net acres: 1.5 milli o n basin-wide Q1 2012 net pr oduction: ? 56 MBOED (76% l iquids) A c ti vity targetin g several play types Expect >30% oi l growth in 2012 21 o p erated rigs 2012 capital: ˜ $1.4 billi o n 2012 plans: Dr ill >300 wells TE X A S NEW M E X IC O OK LA H O M A NYSE : D V Midland Basin No rt h w es t e rn Shelf Central Basin Platfor m Ozona Arch Diablo Platfor m D e l a w a r e B a s i n Ne w M e x i co Te x a s Mi d la n d Wolfb e rry B o ne Sp ring & Delaware Conv entional Wolfcamp (Delaware) Wolfcamp (Mi d lan d ) Easter n Shelf Cline Sh ale N Y SE: DV N www. de vonene r g y . c o m S lid e 22 Permian Basin 2012 Activity 2012 P r ogram • B alancing exploration and de velopment • O il-focused acti vity • H or iz ontal dr il li ng emphasis Wolfberry • 160,000 net acres (Dr ill ˜ 100 we lls) Bo ne Sp ring/Delaw are • 185,000 net acres (Dr ill ˜ 110 we lls) Othe r Con v entional Acti vity • E xplo it Central B a si n Pl atf o rm targets •D rill ˜ 50 we lls Wo lf camp Midla n d • 92,000 net acres (Dr ill ˜ 30 we lls ) Clin e Sha l e • 500,000 net acres (Dr ill ˜ 15 we lls) Midland Basin No rt h w es t e rn Shelf Central Basin Platfor m Ozona Arch Diablo Platfor m D e l a w a r e B a s i n Ne w M e x i co Te x a s Mi d la n d Wolfb e rry B o ne Sp ring & Delaware Conv entional Wolfcamp (Mi d lan d ) Easter n Shelf Cline Sh ale