Devon Energy Appoints Barbara Baumann and John Bethancourt to Board of Directors

  Devon Energy Appoints Barbara Baumann and John Bethancourt to Board of
  Directors

Business Wire

OKLAHOMA CITY -- January 27, 2014

Devon Energy Corporation (NYSE:DVN) today announced that its board of
directors has appointed Barbara M. Baumann and John E. Bethancourt to the
board effective immediately. The additions of Baumann and Bethancourt expand
Devon’s board to 10 members, which now includes eight independent directors.
Shareholders of record will have the opportunity to re-elect all directors at
the company’s upcoming annual meeting to be held on June 4, 2014.

“We are very pleased that Barbara Baumann and John Bethancourt have agreed to
join Devon’s board of directors,” said J. Larry Nichols, Devon’s executive
chairman. “Together they bring more than 60 years of distinguished experience
in the energy industry that will further strengthen our board. We look forward
to leveraging their insights and expertise to help guide Devon’s strategic
decisions.”

Barbara M. Baumann, 58, is a former BP Amoco executive who currently serves as
president and owner of Cross Creek Energy Corporation, an energy advisory firm
with investments in the domestic oil and gas business. Prior to founding her
own firm in 2003, Baumann was executive vice president of Associated Energy
Managers, a private equity firm investing in small energy companies. Ms.
Baumann began her 18-year career with Amoco (later BP Amoco) in 1981. She
served in various areas of finance and operations, including chief financial
officer of Ecova Corporation, Amoco’s wholly-owned environmental remediation
business, and vice president of Amoco’s San Juan Basin business unit. Ms.
Baumann also serves on the boards of SM Energy Company and UNS Energy
Corporation, as well as the board of trustees for Putnam Investments, Inc. Ms.
Baumann earned a bachelor’s degree from Mount Holyoke College and a master’s
in business administration from the Wharton School of the University of
Pennsylvania.

John E. Bethancourt, 62, is a retired Chevron executive. Mr. Bethancourt most
recently served as executive vice president for technology and services where
he was responsible for overseeing Chevron’s environmental, health and safety
efforts, major project management, procurement, and mining operations. Mr.
Bethancourt began his career in 1974 with Getty Oil Company and joined Texaco
Inc. in 1984 when the two companies merged. During his career with Texaco and
later Chevron, Mr. Bethancourt served in various executive leadership roles
overseeing business development, worldwide production operations and human
resources. He serves on the board of trustees of the Texas A&M Foundation and
is a past director of both the Society of Petroleum Engineers and the National
Action Council for Minorities in Engineering, Inc. Mr. Bethancourt earned a
bachelor’s degree in petroleum engineering from Texas A&M University.

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 additional information, visit 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
 
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