Thomas Mitchell to Join Devon Energy as CFO

  Thomas Mitchell to Join Devon Energy as CFO

Business Wire

OKLAHOMA CITY -- January 16, 2014

Devon Energy Corporation (NYSE:DVN) today announced that Thomas L.
Mitchellwill be joining the company asexecutive vice president andchief
financial officer.

Mitchell brings to Devon more than 30 years of experience in the oil and gas
industry. Most recently, after playing an instrumental role in taking
Midstates Petroleum Company public, Mitchell served as vice president, CFO and
as a director of Midstates. From 2006 to 2011, he served as senior vice
president and chief financial officer of Noble Corporation. Prior to joining
Noble, he was employed by Apache Corporation for 18 years in various financial
and commercial roles. Mitchell holds a Bachelor of Science degree in
accounting from Bob Jones University and is a certified public accountant
(inactive) in the State of Colorado.

“We are excited to have Tom Mitchell join the Devon team,” said John Richels,
president and chief executive officer. “His 30-plus years in accounting and
finance coupled with his extensive experience in oil and gas provide him with
the ideal background to assume the role of CFO at Devon.”

In a related move, Devon’s incumbent CFO, Jeff Agosta, is leaving to pursue
other interests. His departure is not related to any issues regarding
financial disclosures, accounting matters or other business issues.

"We are appreciative of Jeff's service to Devon and wish him all the best in
his future endeavors," said Richels.

Devon Energy Corporation is an Oklahoma City-based independent energy company
engaged in oil and gas exploration and production. Devon is a leading
U.S.-based independent oil and gas producer and is included in the S&P 500
Index. For more information about Devon, please visit our website at
www.devonenergy.com.

Contact:

Devon Energy Corporation
Investor Contacts
Scott Coody, 405-552-4735
or
Shea Snyder, 405-552-4782
or
Media Contact
Chip Minty, 405-228-8647