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Devon Energy Corp
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January 2013 Investor Meeting
| John Richels | Page 31 of 11 |
November 21, 2024
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"January 2013 Investor Meeting"
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NYSE: D V N w w w .devonen e r gy .com Sl ide 3 1 M i ssissippian T u scalo o s a Shale Rockies Oil Utica Ohio Mic h ig a n Growing the Resource Base New Ventures Exploration Sino p e c Jo int V e nture • $2.5 billion transaction ( $900 mi lli o n c a sh a n d $1. 6 b illi o n d r illi ng c a r r y ) • S inopec receives 33% of Devon’ s interest • N et acreage in jo int venture: 1.5 m illio n • D evo n serves as o p erato r Su mitomo Join t V e n t u r e • $1.4 billion transaction ( $400 mi lli o n c a sh a n d $1. 0 b illi o n d r illi ng c a r r y ) • S u m itomo r e ce ive s 30% of D e von ’s in te r e st • N et acreage in joint venture: 650,000 • D evo n serves as o p erato r Sinopec joint venture assets Cli n e Shale & Wo l f c a m p S h a l e Sumitomo joint ve nture a sse ts