Devon Energy Announces Elections of Officers

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OKLAHOMA CITY, April 23 /-/ -- Devon Energy Corporation (NYSE: DVN) announced today the elections and promotions of two corporate officers.

    William D. (Bill) Fulton, 48, has been elected vice president, enterprise project management. Based in Houston, Fulton is responsible for review, recommendation and oversight of initiatives other than exploration and production and midstream capital projects. He joined Devon in 2000 when the company acquired Santa Fe Snyder Corporation. He has served in several capacities at Devon in both domestic and international operations, most recently as production and operations manager for the Southern Division. Prior to that, he served as production and operations manager in Devon's International Division. Fulton began his oil and gas career in 1981 with Petro-Lewis Corporation. Prior to joining Santa Fe Snyder, he was with Hondo Oil and Gas Company. Fulton's industry experience includes reservoir engineering, corporate planning and managing acquisition and divestiture projects. He has a bachelor's degree in Petroleum Engineering from Texas Tech University.

    Gregory T. (Greg) Kelleher, 52, has been elected vice president and general manager of Devon's Southern Division, located in Houston. Kelleher joined Devon in 1999 when it acquired PennzEnergy Company. He most recently served as deepwater manager and previously as exploration manager for Devon's Gulf Division. He has more than 30 years of energy industry experience in a wide variety of exploration, development and exploitation capacities. He is experienced in numerous geologic basins including the Gulf of Mexico, the Gulf Coast, Mississippi salt basin, Appalachian basin, the Rocky Mountains and the San Joaquin basin in California. Prior to PennzEnergy, Kelleher was employed by Tenneco, Aminoil and CNG. He holds a bachelor's degree in geological engineering from the Colorado School of Mines and earned a master's degree in geology from West Virginia University.

    "Bill Fulton and Greg Kelleher have proven themselves to be capable professional managers and are well qualified for their new positions," said John Richels, Devon's president. "We are especially pleased to have the depth of management talent at Devon that enables us to fill executive positions such as these with internal candidates."

    Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is one of the world's leading independent oil and gas producers and is included in the S&P 500 Index. For additional information, visit http://www.devonenergy.com .
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