Devon Energy's History: What Investors Need to Know
Devon Energy (NYSE: DVN) was founded in the early 1970s, but it didn't become a darling of Wall Street until the shale revolution took hold in the mid-2000s. Thanks to new drilling technologies and productivity gains, Devon and its peers in the oil and natural gas production industry have drilled tens of thousands of operating wells to extract oil that was once thought impossible to recover in places like North Dakota, Texas, and Oklahoma.
Despite its successes, the company has suffered amid the collapse in oil prices that began in 2014:
Source: Fool.com