Devon Energy maintains strategy as largest independent

Devon Energy Corp., Oklahoma City, has succeeded by adhering to its 32-year strategy "to create a strong, powerful company very focused on quality assets—both quality production as well as quality exploration—heavily weighted toward natural gas and heavily weighted toward North America," said J. Larry Nichols, chairman and CEO. Devon Energy Corp. Chairman and CEO J. Larry Nichols Click here to enlarge imageThe company has grown into the largest US oil and natural gas independent by doing one meaningful—"relative to our size"—merger or acquisition "almost every year" since Nichols and his father, John W. Nichols, founded the firm in 1971 (OGJ Online, Aug. 22, 200...

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