Devon Names Terry Shyer Vice President, Planning and Evaluation

OKLAHOMA CITY, Sept. 15 /PRNewswire-FirstCall/ -- Devon Energy Corporation announced today that Terry L. Shyer (37) has been promoted to the position of vice president, planning and evaluation. Shyer will be responsible for all aspects of the planning process, including coordination of asset acquisitions and divestitures, and the reserves, budgeting and portfolio management processes.

"We are delighted to have an internal candidate with Terry Shyer's qualifications fill this important position," said Devon's president, John Richels. "Terry's experience as operations manager over some of the company's most significant assets gives him the skills and perspective necessary to head up our corporate planning group."

Shyer joined Devon in 2000 following the merger with Santa Fe Snyder Corporation. He was previously manager of operations for Devon's Central Division. Prior to that, Shyer served as operations supervisor for Devon's Rocky Mountain Division. He began his oil and gas career as an operations engineer with Amoco and has held various engineering and supervisory positions in the industry.

Shyer is a graduate of the University of Oklahoma with a bachelor's degree in petroleum engineering. He earned a masters degree in business administration from the University of Illinois. Shyer is a member of the American Petroleum Institute and the Society of Petroleum Engineers, where he has served as chairman and director of the Oklahoma City section.

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration, production and property acquisitions. Devon is the largest U.S.-based independent oil and gas producer and is included in the S&P 500 Index. For additional information, visit http://www.devonenergy.com/ .