1、Pursuit with PurposeDevon Energy 2009 Summary Annual ReportCorporate Profile Devon Energy is a leading independent energy company engaged in the exploration,development and production of natural gas and oil.The companys operations are focused onshore in the United States and Canada.Devon also owns n
2、atural gas pipelines and processing and treatment facilities in many of its producing areas,making it one of North Americas larger processors of natural gas liquids.Devon is included in the S&P 500 Index and trades on the New York Stock Exchange under the ticker symbol DVN.Volume AcronymsBbls/Barrel
3、s of oil.One barrel equals 42 U.S.gallons.MBbls/Thousand barrels MMBbls/Million barrels MBbld/Thousand barrels per dayMcf/A standard measurement unit for volumes of natural gas that equals 1,000 cubic feet.MMcf/Million cubic feet Bcf/Billion cubic feet Tcf/Trillion cubic feet MMcfd/Million cubic fee
4、t per dayBoe/A method of equating oil,gas and natural gas liquids.Gas is converted to oil based on its relative energy content at the rate of 6 Mcf of gas to one barrel of oil.NGLs are converted based upon volume:one barrel of natural gas liquids equals one barrel of oil.MBoe/Thousand barrels of oil
5、 equivalent MMBoe/Million barrels of oil equivalent MBoed/Thousand barrels of oil equivalent per day1Letter to Shareholders 2Chairman and CEO Larry Nichols reviews 2009 and how Devon is pursuing the future.Five-Year Highlights 5Purpose in Strategy 6Management answers investor questions.Committed to
6、Community 8We discuss our commitment to communities and environmental stewardship.Pursuing Returns in North America 10Devon provides discussions of significant oil and gas properties.11-Year Property Data 14Operating Statistics by Area 15Property Highlights 16Fracturing and Horizontal Drilling:19Gam