|
|
| (9 intermediate revisions by 5 users not shown) |
| Line 1: |
Line 1: |
| − | {{#badges: FrackSwarm|Navbar-fracking}} | + | {{Moved to GEM}} |
| − | '''Devon Energy''' is an independent oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. According to its company website, Devon's operations are "focused onshore in the United States and Canada. We also own natural gas pipelines and treatment facilities in many of our producing areas, making us one of North America's larger processors of natural gas liquids."<ref>Devon Energy,"[http://www.devonenergy.com/AboutDevon/Pages/about_devon.aspx#terms?disclaimer=yes Deven Energy Corporation]," Devon website, accessed January 17, 2013.</ref> Devon claims to hold "13 million net acres, of which roughly two-thirds are undeveloped."<ref>Devon Energy,"[http://www.devonenergy.com/Operations/Pages/operations.aspx Operations Overview]," Devon website, accessed May 29, 2013.</ref> The Devon Canada Corporation division was recently awarded 2012 Producer of the Year by Oilsands Review averaging 153,873 barrels per day between their Jackfish and SAGD projects.<ref>Graham Chandler,"[http://www.dvn.com/Operations/PublishingImages/POY_2012.pdf Shrewd Operator],""Oilsands Review", December 2012.</ref>
| |
| − | | |
| − | In 2012, Devon Energy recorded total revenues of $9.502 billion.<ref>Devon Energy,[http://www.sec.gov/Archives/edgar/data/1090012/000119312513068817/d477194d10k.htm#tx477194_19 2012 Annual Report], Form 10-K, accessed May 29, 2013.</ref>
| |
| − | | |
| − | ==Devon Energy and Tar Sands==
| |
| − | | |
| − | [[File:Cevon Energy Site.jpg|200px|thumb|right|A Devon energy site near Conklin]]Devon Energy is one of the largest [[Tar sands|'''oil sands''']] developers and a leader in '''Steam Assisted Gravity Drainage (SAGD)''' technology.<ref>Claudia Cattaneo,[http://business.financialpost.com/2011/07/21/canada-to-monitor-oil-sands-pollution-eyes-keystone-pipeline/?__lsa=e120-90cb Canada to Monitor Oil Sands Pollution], Financial Post, November 7th, 2012.</ref> In 2010, Devon was already producing 35,000 barrels a day from their Canadian Jackfish I and II projects with plans to "expand its production to 200,000 barrels a day by 2020, in part through a second project with BP."<ref>Clifford Krauss and Elisabeth Rosenthal,[http://www.nytimes.com/2010/05/19/business/energy-environment/19sands.html?pagewanted=all Reliance on Oil Sands Grows Despite Environmental Risks], The New York Times, May 18, 2010.</ref> In the summer of 2012, Devon began the 105,000 barrels a day first phase of their Pike project development.<ref name="Calgary Beacon">Markham Hislop,[http://beaconnews.ca/calgary/2012/02/devon-energy-commits-800-million-to-increase-oil-sands-sagd-production/ Devon Energy commits $800 million to increase oil sands SAGD production], Calgary Beacon, February 16th, 2012.</ref> As quoted in [http://beaconnews.ca/calgary/2012/02/devon-energy-commits-800-million-to-increase-oil-sands-sagd-production/ Calgary Beacon], Devons Executive Vice President for exploration and production David Hagar stated "plans to spend approximately $800 million on oil sands projects in 2012,".<ref name="Calgary Beacon"/> According to ''The Guardian'', "The production of Tar Sands is estimated by critics to emit three times more greenhouse gasses than conventional oil production."<ref>Terry Macalister,[http://www.guardian.co.uk/business/2010/mar/15/bp-shell-tar-sands-green-energy Money Spent On Tar Sands Projects Could Decarbonise Western Economies], The Gaurdian, March 14, 2010.</ref>
| |
| − | | |
| − | ===Bitumen Steam Leak 2006===
| |
| − | | |
| − | In July 2010, a producer well which extracts [[Tar sands|'''bitumen''']], began leaking from too much pressure. This high temperature, bitumen containing, steam leaked for almost 36 hours demanding the shut down of seven wells at the Jackfish oil sands site. The leak occurred 15km from Conklin. The fallen bitumen coated the ground near the leak making it difficult to work near the site and environmentalists worried that oil could have spread to the Sunday Creek which flows into a network of major rivers in the region.<ref>Nathan Vanderklippe,[http://dirtyoilsands.org/news/article/devon_energy_shuts_down_oil_sands_wells_after_bitumen-laced_steam_leak Devon Energy shuts down oil sands wells after bitumen-laced steam leak], Dirty Oil Sands, July 12, 2012.</ref>
| |
| − | | |
| − | ==Devon and fracking==
| |
| − | Devon’s oil and gas operations in the United States are focused in four regions: Rocky Mountains, Mid-Continent, Permian Basin, and Gulf Coast. Each of the four regions include producing fields and undrilled locations, with Devon continuing its exploration activities for both conventional and unconventional oil and gas.The Mid-Continent regions are home to two significant shale plays, the Cana Woodford Shale and Devon’s largest producing field, the Barnett Shale.<ref>[ http://www.dvn.com/Operations/Pages/us.aspx?view=usaovr "U.S. operations,"] Devon Energy, accessed Sep 2013.</ref>
| |
| − | | |
| − | ==Personnel==
| |
| − | | |
| − | ===Board of Directors===
| |
| − | | |
| − | As of May 2013, Devon's Board of Directors<ref>Devon Energy,"[http://www.devonenergy.com/AboutDevon/Pages/board_of_directors.aspx About Devon - Board of Directors],"Devon website, accessed May 29th, 2013.</ref> include:
| |
| − | | |
| − | *Executive Chairman, J. Larry Nichols
| |
| − | *President and CEO, John Richels
| |
| − | *Robert H. Henry
| |
| − | *Lead Director, John H. Hill
| |
| − | *Michael M. Kanovsky
| |
| − | *Robert A. Mosbacher Jr.
| |
| − | *Duane C. Radtke
| |
| − | *Mary P. Ricciardello.
| |
| − | | |
| − | ===Executive Management===
| |
| − | | |
| − | As of May 2013 the Executive Management Team includes:<ref>Devon Energy,[http://www.dvn.com/AboutDevon/Pages/management_team.aspx Management Team], Devon website, accessed May 29, 2013.</ref>
| |
| − | | |
| − | '''Senior Executives'''
| |
| − | | |
| − | *John Richels, President and CEO
| |
| − | *Jeff A. Agosta, Executive Vice President and Chief Financial Officer
| |
| − | *David A. Hager, Executive Vice President, Exploration and Production
| |
| − | *R. Alan Marcum, Executive Vice President, Administration
| |
| − | *Frank W. Rudolph, Executive Vice President, Human Resources
| |
| − | *Darryl G. Smette, Executive Vice President, Marketing, Midstream, and Supply Chain
| |
| − | *Lyndon C. Taylor, Executive Vice President and General Councel
| |
| − | *William F. Whitsitt, Executive Vice President, Public Affairs
| |
| − | | |
| − | '''Other Executives'''
| |
| − | | |
| − | *Sue Alberti, Senior Vice President, Marketing
| |
| − | *Carla Brockman, Vice President, Corporate Governance and Secretary
| |
| − | *Bradley A. Foster, Senior Vice President, U.S. Operations
| |
| − | *David G. Harris, Vice President, Corporate Finance and Treasurer
| |
| − | *Gregg L. Henson, Vice President and Corporate Controller
| |
| − | *Steve Hoppe, Senior Vice President, Midstream
| |
| − | *Jeremy D. Humphers, Vice President, Accounting
| |
| − | *Jeffrey L. Ritenour, Senior Vice President, Investor Relations
| |
| − | *Chris Seasons, Senior Vice President, Canadian Division and President Devon Canada
| |
| − | *Gina E. Sewell, Vice President, Tax
| |
| − | *Tony D. Vaughn, Senior Vice President, Exploration and Strategic Services
| |
| − | *Vincent W. White, Senior Vice President, Communications and Investor Relations
| |
| − | | |
| − | ==Political Contributions==
| |
| − | | |
| − | Devon, among other companies who will benefit from the [[Keystone XL Pipeline|'''Keystone XL Pipeline''']], has donated money to the Republican Speaker of the House of Representatives and advocate for the Keystone Pipeline [[John Boehner]].<ref>"[http://politicalcorrection.org/factcheck/201201180004 Big Oil Investments Muddy Boehner's Message On Keystone XL]," "Political Correction", January 18, 2012.</ref> During the 2010 elections, Devon gave John Boehner $5,000. Over these elections, Devon gave a total of $133,500 to Republicans of the House and $137,500 to Republicans of the Senate, compared to contributions of $15,000 to Democrats of the House and $7,500 to Democrats of the Senate. Devon's political funding totaled $293,500, 92.3% of which went to the Republican party.<ref>"[http://www.opensecrets.org/pacs/pacgot.php?cmte=C00354753&cycle=2010 Devon Energy Contributions to Federal Candidates]," "Open Secrets", February 4, 2013.</ref>
| |
| − | | |
| − | In the 2012 elections, Devon gave $438,500 to Republicans and only $6,000 to the Democratic party.<ref>"[http://www.opensecrets.org/pacs/pacgot.php?cmte=C00354753&cycle=2012 Devon Energy Contributions to Federal Candidates]," "Open Secrets", March 25th, 2013.</ref> Chairman of Devon Energy, J. Larry Nichols, also gave $47,500 to the Romney campaign.<ref>Laurie Bennett,"[http://news.muckety.com/2012/08/09/energy-interests-pour-millions-into-campaign/37931 Energy Interests Pour Millions into Campaign]" "Muckety", August 9th, 2012.</ref>
| |
| − | | |
| − | ==Citizen action==
| |
| − | | |
| − | ==Contact==
| |
| − | | |
| − | Web: http://www.devonenergy.com
| |
| − | | |
| − | | |
| − | '''Corporate Headquarters'''
| |
| − | | |
| − | Devon Energy Corporation
| |
| − | | |
| − | 333. W. Sheridan Avenue
| |
| − | | |
| − | Oklahoma City, OK 73102-5015
| |
| − | | |
| − | | |
| − | '''Canadian Operations'''
| |
| − | | |
| − | Devon Canada Corporation
| |
| − | | |
| − | 2000, 400 3rd Avenue S.W.
| |
| − | | |
| − | Calgary, Alberta T2P 4H2
| |
| − | | |
| − | Tel: 403 232 7100
| |
| − | | |
| − | | |
| − | '''Media Contacts'''
| |
| − | | |
| − | | |
| − | Chip Minty
| |
| − | | |
| − | Manager, Media Relations
| |
| − | | |
| − | Tel: 405 228 8647
| |
| − | | |
| − | chip.minty@dvn.com
| |
| − | | |
| − | | |
| − | Nadine Barber
| |
| − | | |
| − | Manager, Public Affairs and Corporate
| |
| − | | |
| − | Communications, Canadian Division
| |
| − | | |
| − | Tel: 403 232 7695
| |
| − | | |
| − | nadine.barber@dvn.com
| |
| − | | |
| − | ==Resources and articles==
| |
| − | ===Related Sourcewatch articles===
| |
| − | *[[Texas and fracking]]
| |
| − | *[[ConocoPhillips]]
| |
| − | *[[Institute of the Americas]]
| |
| − | *[[Wood River Refinery]]
| |
| − | *[[Ecuador EcoFund]]
| |
| − | *[[Gwyn Morgan]] - Founding President
| |
| − | *[[John D. Watson]] - former CFO
| |
| − | | |
| − | ===References===
| |
| − | <references/>
| |
| − | | |
| − | [[category:corporations]]
| |
| − | {{stub}}
| |
This page has moved to the Global Energy Monitor wiki. Please click here.
