1、DevonEnergyCommitment Runs DeepDevonEnergy2016 Letter to Shareholdersand Form 10-Kyears to come.Between the STACK and Delaware Basin two of the best-positioned plays on the North American cost curve we have exposure to more than 1 million net acres of stacked-pay potential.Across these world-class a
2、creage positions,we have identified more than 30,000 potential drilling locations,about a third of which have already been de-risked through successful appraisal work.To further advance our understanding of the ultimate inventory and resource potential within the STACK and Delaware Basin,we have sev
3、eral important appraisal projects under way in 2017.These projects include evaluating tighter spacing for future developments and drilling emerging landing zones.With success,these initiatives could materially expand our risked inventory in these two tremendous plays.Superior Execution While possess
4、ing a premier portfolio is essential to success in the E&P space,developing the assets through superior execution is equally important.Accordingly,weve honed our business processes and more aggressively incorporated technologies to establish a competitive edge.Weve slashed drilling times,created val
5、ue with industry-leading completion designs and optimized base production with sharply focused field operations.Never satisfied,our teams continue their pursuit of new ways to improve efficiency and productivity in all aspects of our business drilling,supply chain and information technology,where we
6、re at the forefront of emerging trends in predictive analytics and artificial intelligence.The future looks bright for Devon.Supported by our investment-grade financial strength,we have the right assets,the right technical staff and the right culture to deliver peer-leading performance for all of ou