Financial Astrology of Devon Energy Corporation

FINANCIAL ASTROLOGY

First Trade Date for Devon Energy Corporation

Company Name	First Trade Date (yyyy-mm-dd)
Devon Energy Corporation	2004-10-12

Company Name	Symbol
Devon Energy Corporation	DVN
History and Business of Company (this information may include date of incorporation)
Devon Energy Corporation, including its subsidiaries, ("Devon") is an independent energy company engaged primarily in oil and gas exploration, development and production, the acquisition of producing properties, the transportation of oil, gas, and NGLs and the processing of natural gas. Through its predecessors, Devon began operations in 1971 as a privately held company. In 1988, Devon's common stock began trading publicly on the American Stock Exchange under the symbol "DVN". In addition, commencing on December 15, 1998, a new class of Devon exchangeable shares began trading on The Toronto Stock Exchange under the symbol "NSX". These shares are essentially equivalent to Devon common stock. However, because they are issued by Devon's wholly owned subsidiary, Northstar Energy Corporation ("Northstar"), they qualify as a domestic Canadian investment for Canadian shareholders. They are exchangeable at any time, on a one-for-one basis, for common shares of Devon. The principal and administrative offices of Devon are located at 20 North Broadway, Oklahoma City, OK 73102-8260 (telephone 405/235-3611). Devon operates oil and gas properties in the United States, Canada and various regions located outside North America. Devon's North American properties are concentrated within five geographic areas. Operations in the United States are focused in the Permian Basin, the Mid-Continent, the Rocky Mountains and onshore and offshore Gulf Coast. Canadian operations are focused in the Western Canadian Sedimentary Basin in Alberta and British Columbia. Operations outside North America are located primarily in Azerbaijan, China, Egypt, and areas in West Africa, including Equatorial Guinea, Gabon and Cote d'Ivoire. In addition to its oil and gas operations, Devon has marketing and midstream operations. These include marketing natural gas, crude oil and NGLs, and the construction and operation of pipelines, storage and treating facilities and gas processing plants. (A detailed description of Devon's significant properties and associated 2003 developments can be found under "Item 2. Properties"). At December 31, 2003, Devon's estimated proved reserves were 2,089 MMBoe, of which 58% were natural gas reserves and 42% were oil and NGLs reserves. The present value of pre-tax future net revenues discounted at 10% per annum assuming essentially constant prices ("10% Present Value") of such reserves was $22.7 billion. After taxes, the present value was $15.9 billion. Devon is one of the largest public independent oil and gas companies based in the United States, as measured by oil and gas reserves. Devon makes available free of charge on its internet website, www.dvn.com, its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(a) of the Securities Exchange Act of 1934 as soon as reasonably practicable after it electronically files or furnishes them to the Securities Exchange Commission.

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