<PAGE>
As filed with the Securities and Exchange Commission on August 19, 1999
Registration No. 333-
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
DEVON ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 73-1567067
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
Devon Energy Corporation 1997 Stock Option Plan
Devon Energy Corporation 1993 Stock Option Plan
Devon Energy Corporation 1988 Stock Option Plan
Northstar Energy Corporation Stock Option Plan
1981 Stock Option Plan of Pennzoil Company
1982 Stock Option Plan of Pennzoil Company
1990 Stock Option Plan of Pennzoil Company
1992 Stock Option Plan of Pennzoil Company
1995 Stock Option Plan of Pennzoil Company
1997 Stock Option Plan of Pennzoil Company
1997 Incentive Plan of Pennzoil Company
1998 Stock Option Plan of Pennzoil Company
1998 Incentive Plan of PennzEnergy Company
(Full title of the plans)
Marian J. Moon
20 North Broadway, Suite 1500 20 North Broadway, Suite 1500
Oklahoma City, Oklahoma 73102-8260 Oklahoma City, Oklahoma 73102-8260
(405) 235-3611 (405) 235-3611
(Address, including zip code, and (Name, address, including zip code,
telephone number, including area and telephone number, including area
code, of registrant's principal code, of agent for service)
executive offices)
Copies To:
Jerry Warren
McAfee & Taft A Professional Corporation
10th Floor, Two Leadership Square
Oklahoma City, Oklahoma 73102
<TABLE>
<CAPTION>
Calculation Of Registration Fee
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Title Of Each Class Of Proposed Maximum Proposed Maximum
Securities To Be Amount To Be Offering Price Per Aggregate Offering Registration
Registered Registered(2) Share Price Fee
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<S> <C> <C> <C> <C>
Devon common stock (1) 5,998,700 shares (a) $41.69 (3) $250,085,803 (3) $ 69,523
Devon common stock (1) 790,200 shares (b) $25.70 (4) $ 20,308,140 (4) $ 5,646
Devon common stock (1) 250,300 shares (c) $19.19 (4) $ 4,803,257 (4) $ 1,335
Devon common stock (1) 684,982 shares (d) $32.68 (4) $ 22,385,212 (4) $ 6,223
Devon common stock (1) 850 shares (e) $92.28 (4) $ 78,461 (4) $ 21
Devon common stock (1) 25,474 shares (f) $87.74 (4) $ 2,235,083 (4) $ 621
Devon common stock (1) 239,399 shares (g) $76.40 (4) $ 18,290,089 (4) $ 5,084
Devon common stock (1) 386,436 shares (h) $52.56 (4) $ 20,311,097 (4) $ 5,646
Devon common stock (1) 274,525 shares (i) $47.86 (4) $ 13,138,752 (4) $ 3,652
Devon common stock (1) 150,381 shares (j) $56.36 (4) $ 8,475,500 (4) $ 2,356
Devon common stock (1) 422,873 shares (k) $56.73 (4) $ 23,989,596 (4) $ 6,669
Devon common stock (1) 223,951 shares (l) $71.97 (4) $ 16,117,748 (4) $ 4,480
Devon common stock (1) 358,000 shares (m) $36.89 (4) $ 13,206,620 (4) $ 3,671
----------------- ------------ --------
Total 9,806,072 shares $413,425,358 $114,926
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</TABLE>
(1) Includes the stock purchase rights associated with the Devon common stock.
(2) There is also being registered hereby such additional number of shares of
Devon common stock as may be issued pursuant to the anti-dilution provisions
of the: (a) Devon Energy Corporation 1997 Stock Option Plan.
(b) Devon Energy Corporation 1993 Stock Option Plan. No additional
options will be granted under this plan.
(c) Devon Energy Corporation 1988 Stock Option Plan. No additional
options will be granted under this plan.
(d) Northstar Energy Corporation Stock Option Plan. No additional
options will be granted under this plan.
(e) 1981 Stock Option Plan of Pennzoil Company. No additional
options will be granted under this plan.
(f) 1982 Stock Option Plan of Pennzoil Company. No additional
options will be granted under this plan.
(g) 1990 Stock Option Plan of Pennzoil Company. No additional
options will be granted under this plan.
(h) 1992 Stock Option Plan of Pennzoil Company. No additional
options will be granted under this plan.
(i) 1995 Stock Option Plan of Pennzoil Company. No additional
options will be granted under this plan.
(j) 1997 Stock Option Plan of Pennzoil Company. No additional
options will be granted under this plan.
(k) 1997 Incentive Plan of Pennzoil Company. No additional options
will be granted under this plan.
(l) 1998 Stock Option Plan of Pennzoil Company. No additional
options will be granted under this plan.
(m) 1998 Incentive Plan of PennzEnergy. No additional options
will be granted under this plan.
(3) Estimated pursuant to Rule 457(c) solely for the purposes of computing the
registration fee based upon the average of the high and low prices of the
Devon Common Stock, as reported on the American Stock Exchange Composite
Transactions on August 13, 1999.
(4) Estimated pursuant to Rule 457(h) solely for the purposes of computing the
registration fee based upon the average exercise prices of the option
grants under these plans.
<PAGE>
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 3. Incorporation of Documents by Reference
Devon Energy Corporation, formerly known as Devon Delaware Corporation,
(the "Company") is subject to the information requirements of the Securities
and Exchange Act of 1934, as amended ("Exchange Act"). In accordance
therewith, the Company will file reports and other information with the
Securities and Exchange Commission ("Commission").
The following documents previously filed with the Securities and Exchange
Commission by Devon Energy Corporation, an Oklahoma corporation (now Devon
Energy Corporation (Oklahoma) ("Devon Oklahoma") (Commission file number 1-
10067) and by PennzEnergy Company, a Delaware corporation ("PennzEnergy")
(Commission file number 1-05591) pursuant to the Securities Exchange Act of
1934, as amended (the "Exchange Act"), are incorporated herein by reference:
1. Devon Oklahoma's Annual Report on Form 10-K for the year ended
December 31, 1998;
2. Devon Oklahoma's Current Reports on Form 8-K dated February 2, 1999,
February 8, 1999, February 22, 1999, April 28, 1999, May 21, 1999,
June 1, 1999, July 22, 1999, and August 13, 1999;
3. Devon Oklahoma's Quarterly Reports on Form 10-Q for the quarters ended
March 31, 1999, and June 30, 1999; and
4. The Joint Proxy Statement/Prospectus of Devon Oklahoma and PennzEnergy
on Schedule 14A, dated July 15, 1999, which is included as part of the
Registration Statement on Form S-4 (File No. 333-82903) of the
Registrant.
5. PennzEnergy's Annual Report on Form 10-K for the year ended
December 31, 1998;
6. PennzEnergy's Current Report on Form 8-K dated August 17, 1999; and
7. PennzEnergy's Quarterly Reports on Form 10-Q for the quarters ended
March 31, 1999, and June 30, 1999.
The following documents previously filed by the Registrant with the
Securities and Exchange Commission are incorporated herein by reference:
1. The description of the Registrant's Common Stock set forth in
Exhibit 4.9 to the Registrant's Form 8-K, dated August 18, 1999,
including any amendment or report filed for purposes of updating any
such description.
All documents filed by the Company pursuant to Sections 13(a), 13(c), 14,
and 15(d) of the Exchange Act prior to the filing of a post-effective amendment
which indicates that all shares of common stock covered by this registration
statement have been sold or which deregisters all such shares remaining unsold,
shall be deemed to be incorporated by reference and to be part hereof from the
date of filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference in this Registration
Statement will be deemed to be modified or superseded for purposes of this
Registration Statement to the extent that a statement contained in this
Registration Statement or in any other subsequently filed document which also is
or is deemed to be incorporated by reference to this Registration Statement
modifies or supersedes such statement. Any such statement so modified or
superseded will not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.
The Company will deliver or cause to be delivered to each Participant to
whom this document is sent or given a copy of the Company's annual report to
stockholders for its latest fiscal year, unless such employee otherwise has
received a copy of such report, in which case the Company will promptly
furnish, without charge, a copy of such report on written request of
the Participant.
The Company will provide without charge to any Participant to whom a
copy of this document is delivered, upon written or oral request of any such
person, a copy of any or all of the information described above which has
been incorporated by reference herein, other than exhibits thereto.
Requests for copies should be directed to the Company's Secretary, Marian
Moon, Devon Energy Corporation, 20 North Broadway, Oklahoma City, Oklahoma
73102, telephone (405) 235-3611.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Except to the extent indicated below, there is no charter provision,
by-law, contract, arrangement or statute under which any director or officer of
Registrant is insured or indemnified in any manner against any liability which
he or she may incur in his or her capacity as such.
<PAGE>
Article VIII of the Restated Certificate of Incorporation of Registrant
contains a provision, permitted by Section 102(b)(7) of the Delaware General
Corporation Law (the "DGCL"), limiting the personal monetary liability of
directors for breach of fiduciary duty as a director. The DGCL and the Restated
Certificate of Incorporation of the Registrant provide that such provision does
not eliminate or limit liability,
(1) for any breach of the director's duty of loyalty to Registrant or its
stockholders,
(2) for acts or omissions not in good faith or which involve intentional
misconduct or a knowing violation of law,
(3) for unlawful payments of dividends or unlawful stock repurchases or
redemptions, as provided in Section 174 of the DGCL, or
(4) for any transaction from which the director derived an improper
benefit.
Section 145 of the DGCL permits indemnification against expenses (including
attorneys' fees), judgments, fines and amounts paid in settlement actually and
reasonably incurred in connection with actions, suits or proceedings in which a
director, officer, employee or agent is a party by reason of the fact that he or
she is or was such a director, officer, employee or agent, if he or she acted in
good faith and in a manner he or she reasonably believed to be in or not opposed
to the best interests of the corporation and with respect to any criminal action
or proceeding, had no reasonable cause to believe his or her conduct was
unlawful. However, in connection with actions by or in the right of the
corporation, such indemnification is not permitted if such person has been
adjudged liable to the corporation unless the court determines that, under all
of the circumstances, such person is nonetheless fairly and reasonably entitled
to indemnity for such expenses as the court deems proper. Article X of the
Registrant's Restated Certificate of Incorporation provides for such
indemnification.
Section 145 also permits a corporation to purchase and maintain insurance
on behalf of its directors and officers against any liability which may be
asserted against, or incurred by, such persons in their capacities as directors
or officers of the corporation whether or not Registrant would have the power to
indemnify such persons against such liabilities under the provisions of such
sections. Registrant intends to purchase such insurance.
Section 145 further provides that the statutory provision is not exclusive
of any other right to which those seeking indemnification or advancement of
expenses may be entitled under any by-law, agreement, vote of stockholders or
independent directors, or otherwise, both as to action in such person's official
capacity and as to action in another capacity while holding such office.
Article XIII of the by-laws of Registrant contains provisions regarding
indemnification which parallel those described above.
The merger agreement provides that for seven years after the effective
time, Registrant will indemnify and hold harmless each person who was a director
or officer of Devon or PennzEnergy prior to the effective time from their acts
or omissions in those capacities occurring prior to the effective time to the
fullest extent permitted by applicable law.
<PAGE>
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits
Exhibit No. Document
- ----------- --------
3.1 Restated Certificate of Incorporation of the Registrant
(incorporated by reference to Exhibit 3 to Registrant's Form 8-K,
filed on August 18, 1999)
4.2 By-laws of the Registrant (incorporated by reference to Exhibit
3.3 to Registrant's Registration Statement on Form S-4, File No.
333-82903)
4.3 Form of Common Stock Certificate (incorporated by reference to
Exhibit 4.1 to Registrant's Form 8-K, filed on August 18, 1999)
4.4 Rights Agreement between Registrant and BankBoston, N.A.
(incorporated by reference to Exhibit 4.2 to Registrant's Form 8-K
filed on August 18, 1999)
4.5 Certificate of Designations of Series A Junior Participating
Preferred Stock of Registrant. (incorporated by reference to
Exhibit 4.3 to Registrant's Form 8-K filed on August 18, 1999).
4.6 Certificate of Designations of the 6.49% Cumulative Preferred
Stock, Series A of Registrant. (incorporated by reference to
Exhibit 4.4 to Registrant's Form 8-K filed on August 18, 1999).
4.7 Amending Support Agreement, dated August 17, 1999, between the
Registrant and Northstar Energy Corporation. (incorporated by
reference to Exhibit 4.5 to Registrant's Form 8-K filed on August
18, 1999).
4.8 Description of Capital Stock of Devon Energy Corporation.
(incorporated by reference to Exhibit 4.9 to Registrant's Form 8-K
filed on August 18, 1999).
5.1 Opinion of McAfee & Taft A Professional Corporation
9 Amending Voting and Exchange Agreement, dated August 17, 1999,
between Registrant, Northstar Energy Corporation and CIB Mellon
Trust Company. (incorporated by reference to Exhibit 9 to
Registrant's Form 8-K filed on August 18, 1999).
23.1 Consent of KPMG LLP
23.2 Consent of Deloitte & Touche LLP
23.3 Consent of PricewaterhouseCoopers LLP
23.4 Consent of Arthur Andersen LLP
23.5 Consent of McAfee & Taft A Professional Corporation (contained in
its opinion in Exhibit 5.1)
23.6 Consent of LaRoche Petroleum Consultants, Ltd.
23.7 Consent of AMH Group, Ltd.
23.8 Consent of Paddock Lindstrom & Associates Ltd.
23.9 Consent of John P. Hunter & Associates, Ltd.
23.10 Consent of Ryder Scott Company, L.P.
24.1 Power of Attorney
99.1 Devon Energy Corporation 1997 Stock Option Plan (incorporated by
reference to Exhibit A to Registrant's Proxy Statement for the
1997 Annual Meeting of the Shareholders, filed on April 3, 1997)
Item 9. Undertakings
(a) The undersigned registrant hereby undertakes:
(1) to file, during any period in which offers or sales are being made,
a post-effective amendment to this Registration Statement:
(i) to include any prospectus required by Section 10(a)(3) of
the Securities Act of 1933;
(ii) to reflect in the prospectus any facts or events arising
after the effective date of the Registration Statement (or the most recent post-
effective amendment thereof) which, individually or in the aggregate, represent
a fundamental change in the information set forth in the Registration Statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with
<PAGE>
the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in
volume and price represent no more than a 20 percent change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee"
table in the effective Registration Statement; and
(iii) to include any material information with respect to the plan
of distribution not previously disclosed in this Registration Statement or any
material change to such information in this Registration Statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
Registrations Statement is on Form S-3, Form S-8 or Form F-3, and the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the registrant pursuant to Sections 13 or 15(d) of the Exchange
Act that are incorporated by reference in the Registration Statement;
(2) that, for the purposes of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
Registration Statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof;
(3) to remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of the
offering.
(b) The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange
Act (and, where applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in this Registration Statement shall be deemed to be a new
Registration Statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
registrant, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy
as expressed in the Securities Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the
payment by the registrant of expenses incurred or paid by a director, officer or
controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by any such director, officer or controlling
person in connection with the securities being registered, the registrant will,
unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question of whether
or not such indemnification is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such issue.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended,
Devon Energy Corporation, a Delaware corporation, has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Oklahoma City, State of Oklahoma, on the 19th
day of August, 1999.
DEVON ENERGY CORPORATION
By: /s/ J. Larry Nichols
-------------------------------
J. Larry Nichols, President and
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities indicated on the 19th day of August, 1999.
/s/ James L. Pate /s/ Henry R. Hamman
- ------------------------------ -------------------------------
James L. Pate, Chairman of the Board Henry R. Hamman, Director
and Director
/s/ J. Larry Nichols /s/ William J. Johnson
- ------------------------------ -------------------------------
J. Larry Nichols, President, William J. Johnson, Director
Chief Executive Officer and Director
/s/ William T. Vaughn /s/ Michael M. Kanovsky
- ------------------------------ -------------------------------
William T. Vaughn, Vice President-Finance Michael M. Kanovsky, Director
/s/ Danny J. Heatly /s/ Robert Mosbacher, Jr.
- ------------------------------ -------------------------------
Danny J. Heatly, Controller Robert Mosbacher, Jr., Director
/s/ Thomas F. Ferguson /s/ H. R. Sanders, Jr.
- ------------------------------ -------------------------------
Thomas F. Ferguson, Director H. R. Sanders, Jr., Director
/s/ David M. Gavrin /s/ Terry L. Savage
- ------------------------------ -------------------------------
David M. Gavrin, Director Terry L. Savage,Director
/s/ Michael E. Gellert /s/ Brent Scowcroft
- ------------------------------ -------------------------------
Michael E. Gellert, Director Brent Scowcroft, Director
/s/ John A. Hagg /s/ Robert B. Weaver
- ------------------------------ -------------------------------
John A. Hagg, Director Robert B. Weaver, Director
<PAGE>
EXHIBIT INDEX
3.1 Restated Certificate of Incorporation of the Registrant (incorporated by
reference to Exhibit 3 to Registrant's Form 8-K, filed on August , 1999)
4.2 By-laws of the Registrant (incorporated by reference to Exhibit 3.3 to
Registrant's Registration Statement on Form S-4, File No. 333-82903)
4.3 Form of Common Stock Certificate (incorporated by reference to Exhibit
4.1 to Registrant's Form 8-K, filed on August , 1999)
4.4 Rights Agreement between Registrant and BankBoston, N.A. (incorporated by
reference to Exhibit 4.2 to Registrant's Form 8-K filed on August 18,
1999)
4.5 Certificate of Designations of Series A Junior Participating Preferred
Stock of Registrant. (incorporated by reference to Exhibit 4.3 to
Registrant's Form 8-K filed on August 18, 1999).
4.6 Certificate of Designations of the 6.49% Cumulative Preferred Stock,
Series A of Registrant. (incorporated by reference to Exhibit 4.4 to
Registrant's Form 8-K filed on August 18, 1999).
4.7 Amending Support Agreement, dated August 17, 1999, between the Registrant
and Northstar Energy Corporation. (incorporated by reference to Exhibit
4.5 to Registrant's Form 8-K filed on August 18, 1999).
4.8 Description of Capital Stock of Devon Energy Corporation. (incorporated
by reference to Exhibit 4.9 to Registrant's Form 8-K filed on August 18,
1999).
5.1 Opinion of McAfee & Taft A Professional Corporation
9 Amending Voting and Exchange Agreement, dated August 17, 1999,
between Registrant, Northstar Energy Corporation and CIB Mellon
Trust Company. (incorporated by reference to Exhibit 9 to
Registrant's Form 8-K filed on August 18, 1999).
23.1 Consent of KPMG LLP
23.2 Consent of Deloitte & Touche LLP
23.3 Consent of PricewaterhouseCoopers LLP
23.4 Consent of Arthur Andersen LLP
23.5 Consent of McAfee & Taft A Professional Corporation (contained in its
opinion in Exhibit 5.1)
23.6 Consent of LaRoche Petroleum Consultants, Ltd.
23.7 Consent of AMH Group, Ltd.
23.8 Consent of Paddock Lindstrom & Associates Ltd.
23.9 Consent of John P. Hunter & Associates, Ltd.
23.10 Consent of Ryder Scott Company, L.P.
24.1 Power of Attorney
99.1 Devon Energy Corporation 1997 Stock Option Plan (incorporated by
reference to Exhibit A to Registrant's Proxy Statement for the 1997
Annual Meeting of the Shareholders, filed on April 3, 1997)
<PAGE>
EXHIBIT 5.1
[Letterhead of McAfee & Taft A Professional Corporation]
August 19, 1999
Devon Energy Corporation
20 North Broadway, Suite 1500
Oklahoma City, Oklahoma 73102-8260
Ladies and Gentlemen:
We have reviewed the Amended and Restated Certificate of Incorporation of
Devon Energy Corporation, a Delaware corporation (the "Company"), the Company's
By-laws and the Company's Registration Statement on Form S-8 (the "Registration
Statement") registering up to 9,806,072 shares of Company Common Stock, subject
to adjustment pursuant to anti-dilution provisions, to be issuable upon exercise
of options granted under the various stock option plans of Devon Energy
Corporation, an Oklahoma Corporation, Northstar Energy Corporation, an Alberta
corporation and PennzEnergy Company, a Delaware corporation (the "Plans") being
assumed by the Company in connection with the Merger Agreement (as defined
below), and have generally conducted such investigations as we have deemed
appropriate to satisfy ourselves with respect to the opinions expressed herein.
We note that the Company's obligations under the Plans, and therefore our
opinion in paragraph 2 below, are subject to the effectiveness of that certain
Amended and Restated Agreement and Plan of Merger dated as of May 19, 1999
described in the Prospectus to the Company's Registration Statement on Form S-4
filed with the Securities and Exchange Commission on July 15, 1999 (the "Merger
Agreement").
Based upon the foregoing, it is our opinion that:
1. The Company has been duly incorporated and is validly existing under the
laws of the State of Delaware.
2. The shares of Common Stock to be purchased pursuant to the exercise of
options granted under the Plans have been duly and validly authorized for
issuance and, when issued pursuant to and in accordance with the Plan after the
effective date of the Merger Agreement, will be validly issued, fully paid and
nonassessable in accordance with the Delaware General Corporation Law.
We hereby consent to the inclusion of this opinion as an exhibit to the
Registration Statement and to the reference to our firm under the caption
"Certain Legal Matters" in the Prospectus.
Very Truly Yours,
/s/ McAfee & Taft
--------------------------
A Professional Corporation
<PAGE>
EXHIBIT 23.1
INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Devon Energy Corporation
We consent to incorporation by reference herein of our report dated
January 26, 1999, relating to the consolidated balance sheets of Devon Energy
Corporation and subsidiaries as of December 31, 1998, 1997 and 1996 and the
related consolidated statements of operations, stockholders' equity, and cash
flows for each of the years then ended, which report appears in the December 31,
1998 annual report on Form 10-K of Devon Energy Corporation.
KPMG LLP
Oklahoma City, Oklahoma
August 16, 1999
<PAGE>
EXHIBIT 23.2
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this registration statement
on Form S-8 of Devon Energy Corporation of our report dated January 20, 1999 to
the shareholders of Northstar Energy Corporation, relating to the consolidated
balance sheets of Northstar Energy Corporation and subsidiaries as at December
31, 1998 and 1997 and the related consolidated statements of operations and
comprehensive income (loss), stockholders' equity, and cash flows for each of
the years then ended, which report appears in the December 31, 1998 annual
report on Form 10-K of Devon Energy Corporation.
/s/ DELOITTE & TOUCHE LLP
Chartered Accountants
Calgary, Alberta
Canada
August 16, 1999
<PAGE>
EXHIBIT 23.3
INDEPENDENT AUDITOR'S CONSENT
We consent to incorporation by reference in this registration
statement on Form S-8 of Devon Energy Corporation of our report dated February
5, 1997, relating to the consolidated balance sheet of Northstar Energy
Corporation and subsidiaries as of December 31, 1996 and the related
consolidated statements of operations, stockholders' equity, and cash flows for
the year then ended, which report appears in the December 31, 1998 annual report
on Form 10-K of Devon Energy Corporation.
PRICEWATERHOUSECOOPERS LLP
Calgary, Alberta, Canada
August 16, 1999
<PAGE>
EXHIBIT 23.4
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation
by reference in this registration statement of our report dated March 19, 1999
included in the PennzEnergy Company Form 10-K for the year ended December 31,
1998.
ARTHUR ANDERSEN LLP
Houston, Texas
August 13, 1999
<PAGE>
EXHIBIT 23.6
[Letterhead of LaRoche Petroleum Consultants, Ltd.]
ENGINEER'S CONSENT
We consent to the reference to our appraisal report for Devon Energy Corporation
as of the years ended December 31, 1996, 1997 and 1998, incorporated herein by
reference.
LAROCHE PETROLEUM CONSULTANTS, LTD.
/s/ William E. LaRoche
------------------------
Partner
August 17, 1999
<PAGE>
EXHIBIT 23.7
[Letterhead of AMH Group Ltd.]
ENGINEER'S CONSENT
We consent to the reference to our appraisal report for Devon Energy Corporation
as of the years ended December 31, 1996, 1997 and 1998, incorporated herein by
reference.
AMH GROUP LTD.
/s/ A. K. Ashton, P.Eng.
-------------------------
President
August 17, 1999
<PAGE>
EXHIBIT 23.8
[Letterhead of Paddock Lindstrom & Associates Ltd.]
ENGINEER'S CONSENT
We consent the reference to our appraisal for Northstar Energy Corporation as of
the years ended December 31, 1996, 1997 and 1998, incorporated herein by
reference.
PADDOCK LINDSTROM & ASSOCIATES LTD.
/s/ D.L. Paddock, P. Eng.
-------------------------
D.L. Paddock, P. Eng.
Vice-President
August 17, 1999
<PAGE>
EXHIBIT 23.9
ENGINEER'S CONSENT
We consent to the reference to our appraisal for Northstar Energy
Corporation as of December 31, 1997, incorporated herein by reference.
JOHN P. HUNTER & ASSOCIATES LTD.
/s/ John P. Hunter
August 17, 1999
<PAGE>
EXHIBIT 23.10
[Letterhead of Ryder Scott Company Petroleum Consultants]
ENGINEER'S CONSENT
We consent to the reference to our appraisal for PennzEnergy Company as of
the years ended December 31, 1996, 1997 and 1998, incorporated herein by
reference.
/s/ RYDER SCOTT COMPANY, L.P.
Houston, Texas
August 17, 1999
<PAGE>
EXHIBIT 24.1
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints J. Larry Nichols, H. Allen Turner and Marian J.
Moon, and each or any one of them, his true and lawful attorney-in-fact and
agent, each acting alone, with full powers of substitution and resubstitution,
for him and in his name, place, and stead, in any and all capacities, to sign
any or all amendments (including post-effective amendments) and supplements to
this Registration Statement, and to file the same, with all exhibits thereto,
and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorney-in-fact and agents, each acting along,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, each acting alone or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
/s/ James L. Pate /s/ Henry R. Hamman
- ------------------------------ -------------------------------
James L. Pate, Chairman of the Board Henry R. Hamman, Director
and Director
/s/ J. Larry Nichols /s/ William J. Johnson
- ------------------------------ -------------------------------
J. Larry Nichols, President, William J. Johnson, Director
Chief Executive Officer and Director
/s/ William T.Vaughn /s/ Michael M. Kanovsky
- ------------------------------ -------------------------------
William T. Vaughn, Vice President-Finance Michael M. Kanovsky, Director
/s/ Danny J. Heatly /s/ Robert Mosbacher, Jr.
- ------------------------------ -------------------------------
Danny J. Heatly, Controller Robert Mosbacher, Jr., Director
/s/ Thomas F. Ferguson /s/ H. R. Sanders, Jr.
- ------------------------------ -------------------------------
Thomas F. Ferguson, Director H. R. Sanders, Jr., Director
/s/ David M. Gavrin /s/ Terry L. Savage
- ------------------------------ -------------------------------
David M. Gavrin, Director Terry L. Savage,Director
/s/ Michael E. Gellert /s/ Brent Scowcroft
- ------------------------------ -------------------------------
Michael E. Gellert, Director Brent Scowcroft, Director
/s/ John A. Hagg /s/ Robert B. Weaver
- ------------------------------ -------------------------------
John A. Hagg, Director Robert B. Weaver, Director
