Devon Energy Corporation announced that it has extended until December 29, 2021 at 5:00 p.m., New York City time, the expiration date of its offers to exchange: an aggregate principal amount of up to $224,079,000 of its 8.250% Senior Notes due 2023, which have been registered under the Securities Act of 1933, as amended (the “Securities Act”), for an equal principal amount of the Company’s outstanding 8.250% Senior Notes due 2023 (the “Old 2023 Notes”); an aggregate principal amount of up to $465,268,000 of its 5.250% Senior Notes due 2024, which have been registered under the Securities Act, for an equal principal amount of the Company’s outstanding 5.250% Senior Notes due 2024 (the “Old 2024 Notes”); an aggregate principal amount of up to $377,557,000 of its 5.250% Senior Notes due 2027, which have been registered under the Securities Act, for an equal principal amount of the Company’s outstanding 5.250% Senior Notes due 2027 (the “Old 2027 Notes”); an aggregate principal amount of up to $322,488,000 of its 5.875% Senior Notes due 2028, which have been registered under the Securities Act, for an equal principal amount of the Company’s outstanding 5.875% Senior Notes due 2028 (the “Old 2028 Notes”); and an aggregate principal amount of up to $573,827,000 of its 4.500% Senior Notes due 2030, which have been registered under the Securities Act, for an equal principal amount of the Company’s outstanding 4.500% Senior Notes due 2030 (the “Old 2030 Notes” and, together with the Old 2023 Notes, the Old 2024 Notes, the Old 2027 Notes and the Old 2028 Notes, the “Old Notes”). The exchange offers had been scheduled to expire at 11:59 p.m., New York City time, on December 20, 2021. The extension of the exchange offers has been made to allow holders of outstanding Old Notes who have not yet tendered their Old Notes for exchange additional time to do so. All other terms, provisions and conditions of the exchange offers will remain in full force and effect. As of 11:59 p.m., New York City time, on December 20, 2021, approximately (i) $223,979,000 in aggregate principal amount of the Old 2023 Notes had been tendered and not withdrawn, (ii) $462,268,000 in aggregate principal amount of the Old 2024 Notes had been tendered and not withdrawn, (iii) $377,557,000 in aggregate principal amount of the Old 2027 Notes had been tendered and not withdrawn, (iv) $322,453,000 in aggregate principal amount of the Old 2028 Notes had been tendered and not withdrawn and (v) $568,606,000 in aggregate principal amount of the Old 2030 Notes had been tendered and not withdrawn. Devon Energy Corporation will not receive any proceeds from the exchange offers.