Bus Dev: Devon’s Sinopec and Sumitomo JV Agreements and Their Impact on Its North American Unconventional Portfolio

Speaker Chris McMahon– VP Acquisitions and Divestitures, Devon Energy
    Chris McMahon– is VP of Acquisitions and Divestures for Devon Energy.  He holds a B.S. degree in petroleum engineering (1982) from the University of Tulsa.  He spent eight years with Occidental Petroleum, seven years with Samson Resources Company, and nine years with Vintage Petroleum in a variety of ...

 

 

Chris McMahonis VP of Acquisitions and Divestures for Devon Energy.  He holds a B.S. degree in petroleum engineering (1982) from the University of Tulsa.  He spent eight years with Occidental Petroleum, seven years with Samson Resources Company, and nine years with Vintage Petroleum in a variety of positions in operations, reservoir and management.  His experience includes twelve years working international projects, residing in both Russia and Bolivia, and managing foreign operations.  Chris was also the General Manager of International Operations for Vintage Petroleum and prior to joining Devon, Chris was a partner in Arkoma Drilling Company.  Chris grew up in Arkansas and currently resides in Edmond, Oklahoma with his wife, Sharon.

Full Description
Join the Business Development Study Group at the Four Seasons Hotel as Devon’s Chris McMahon will present an overview of Devon’s diverse North American assets with particular emphasis on the future plans for the recent Sinopec and Sumitomo JV’s. The popular format of a Business & Social Networking hour, with complimentary Hors’ D’ Oeuvres and a cash bar, followed by an hour-long program, will begin at 5:00 pm in the Mezzanine.
 
Over the last 10 years, Devon has capitalized on its acquisition of Mitchell’s prolific Barnett holdings to create a large and diverse North American portfolio of high potential unconventional assets. While continuing to expand its core Barnett base, Devon is also moving forward on a variety of fronts from the development of its liquids rich Cana Woodford and Granite Wash assets to its Canadian Oil sands  holdings. Devon’s recent JV announcements with Sinopec and Sumitomo signal a desire to accelerate the de-risking and development of the remainder of its diverse assets. How are these JV’s structured? What assets are involved in each? What are the plans for de-risking and commercialization? What midstream developments will be required? What are the results to date? What are the most important challenges facing the JV’s?  
 
We welcome you to join us for this informative discussion, as well as the fellowship and networking of the popular Social Hour at 5:00 pm.
Organizer Tony Webb