SOURCE: Industrial Info Resources

Industrial Info Resources

February 17, 2011 06:40 ET

Devon Energy Reports Record Earnings in 2010 as Production Soars, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 17, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading U.S. oil and gas company Devon Energy Corporation (NYSE:DVN) (Oklahoma City, Oklahoma) saw record results for full-year 2010, despite some slight setbacks in the fourth quarter, as the company's proved reserves hit an all-time high. Net earnings were $4.55 billion for the year, a record for the company, compared with a net loss of $2.48 billion in 2009.

Industrial Info is tracking more than $2.5 billion in active Devon projects in North America, including a $205 million drilling program at the company's natural gas processing plant in Calumet, Oklahoma. For more information, visit Industrial Info's North American Oil and Gas Production Project Database.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to oilandgasproductiongroup@industrialinfo.com or visit our website at www.industrialinfo.com.

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