Devon Energy Announces Updates to Executive Leadership Team

Rhea-AI Summary

Devon Energy (NYSE: DVN) announced key updates to its executive leadership team. John Raines has been promoted to Senior Vice President, E&P Asset Management from his previous role as Vice President, Delaware Basin. Trey Lowe has been elevated to Senior Vice President and Chief Technology Officer, previously serving as Vice President and CTO.

Additionally, Tom Hellman joins Devon as Senior Vice President, E&P Operations, bringing over 30 years of industry experience, most recently from Marathon Oil where he served as Vice President, Operations for Permian and Oklahoma assets.

The appointments were announced by Clay Gaspar, Devon's incoming CEO, who expressed confidence in the leadership capabilities and industry expertise of all three executives.

Positive

• Strategic strengthening of executive team with experienced industry professionals
• Internal promotion of two long-serving executives shows strong succession planning
• Addition of external talent with 30+ years of industry experience in key operational roles

Negative

• None.

OKLAHOMA CITY, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced key updates to its executive leadership team.

The company promoted John Raines to the position of Senior Vice President, E&P Asset Management and Trey Lowe to the position of Senior Vice President and Chief Technology Officer.

“Both John and Trey have consistently demonstrated exceptional leadership and a deep commitment to Devon and the achievement of our goals,” said Clay Gaspar, Devon’s incoming CEO. “We look forward to them building on their successes and broadening their impact in their new capacities as part of our executive leadership team.”

The company also named Tom Hellman to the position of Senior Vice President, E&P Operations.

“We are thrilled to welcome Tom to Devon,” said Gaspar. “Tom has over 30 years of experience in oil and gas across multiple companies in various operational roles and senior management positions. He is not only a seasoned leader, but also someone who embodies our core values. We look forward to his contributions to our executive leadership team as we navigate the opportunities before us.”

John Raines previously served in the role of Vice President, Delaware Basin. Raines joined Devon in 2005 and has held a variety of management roles including Vice President of the Rockies business unit and Vice President of Land and Regulatory. Raines has a bachelor’s degree in finance and energy management from the University of Oklahoma, and a juris doctor degree from the Oklahoma City University School of Law. He is a licensed attorney in the state of Oklahoma and a member of the Oklahoma Bar Association.

Trey Lowe previously served in the role of Vice President and Chief Technology Officer. His team includes Devon Energy Ventures, operational technology, IT and other digital teams. He joined Devon in 2005 from Schlumberger where he held various engineering and management positions. Trey holds a Bachelor of Science in Chemical Engineering from Oklahoma State University. He is also a past Distinguished Lecturer for the Society of Petroleum Engineers.

Tom Hellman joins Devon after seven years at Marathon Oil Corporation serving in various leadership roles. Most recently, he was Vice President, Operations for Marathon’s Permian and Oklahoma assets. Tom also previously held leadership roles at WPX Energy, APA Corporation and BP plc among other energy companies. He graduated from the University of Alberta in 1991 with a Bachelor of Science degree in Petroleum Engineering.

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is a leading U.S.-based independent oil and gas producer and is included in the S&P 500 Index. For additional information, visit our website at www.devonenergy.com.

Investor Contacts
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Media Contact
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FAQ

Who are the new executives appointed to Devon Energy's (DVN) leadership team in 2025?

Devon Energy appointed John Raines as Senior VP of E&P Asset Management, Trey Lowe as Senior VP and Chief Technology Officer, and Tom Hellman as Senior VP of E&P Operations.

What is Tom Hellman's background before joining Devon Energy (DVN)?

Tom Hellman previously worked at Marathon Oil for seven years, most recently as VP of Operations for Permian and Oklahoma assets, and held leadership roles at WPX Energy, APA , and BP plc.

How long has John Raines been with Devon Energy (DVN)?

John Raines joined Devon Energy in 2005 and has held various management roles including VP of the Rockies business unit and VP of Land and Regulatory.

What is Trey Lowe's role in Devon Energy's (DVN) technology initiatives?

Trey Lowe leads Devon Energy Ventures, operational technology, IT, and other digital teams as Senior VP and Chief Technology Officer.

Who announced these executive appointments at Devon Energy (DVN)?

Clay Gaspar, Devon's incoming CEO, announced these executive appointments and expressed confidence in their leadership capabilities.