Devon Energy

(DVN)

Crude oil-primary · Multi-basin · 4 hedge positions disclosed

As of 10-K FY2025 · Feb 25, 2026.

Devon Energy may have added, unwound, or restructured hedges since this filing · the changes won't appear here until their next quarterly disclosure. Treat all numbers below as a point-in-time snapshot.

Market Cap
$25.0B
Production /d
1,382
MBoe or MMcfe per filing
% Natural Gas
27%
FCF Breakeven
$31.00
$/Boe
Uses three-way collarsHedges NGLsHedges basis

Crude Oil positions

TypePeriodVolumePrice level
CollarJan 2026 - Dec 202640,000 /d$45.00 / $55.00 × $80.00

Natural Gas positions

TypePeriodVolumePrice level
SwapJan 2026 - Dec 2026200,000 /d$3.65
CollarJan 2026 - Dec 2026150,000 /d$3.00 × $4.50
SwapJan 2027 - Dec 2027100,000 /d$3.55

Sourced from Devon Energy's 10-K FY2025 dated Feb 25, 2026. Hedge positions disclosed in 10-K / 10-Q filings reflect the company's book as of the filing date. Material activity may have occurred since. BoxWood does not estimate post-filing changes or current mark-to-market.

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