Media Contact: Chip Minty 405.228.8647

Fort Worth, November 15, 2011 - In celebration of its 40 years in business, Devon Energy awarded a $40,000 grant to Communities In Schools of North Texas (CISNT) to support programs at Rivera and Borman Elementary, two Denton Independent School District (DISD) schools. The grant is part of Devon's company-wide "$40K for Kids" initiative, which has awarded eight $40,000 grants, totaling $320,000, to worthy schools and nonprofit educational organizations in seven states including Texas. The grant program was established as part of Devon's 40th anniversary celebrations this year.

"We are honored to award this prestigious grant to Communities In Schools of North Texas," said Brian Oliver, Regional Vice-President Midstream Operations for Devon Energy. "Our company places great value in organizations that are innovators in education and are working to create the next generation of leaders. Everyone wins when this type of community partnership is created."

To notify CISNT that they had won the $40K for Kids grant in North Texas, Devon Energy took their own "prize patrol" to Rivera Elementary and with the help of the 4th and 5th graders, surprised the onsite CISNT program manager, the principals from both Rivera and Borman Elementary and several Denton ISD officials with a check for $40,000 and an elaborate surprise party.

"We are so grateful for Devon's partnership and investment in our organization and our students at Rivera and Borman," said Dana Smith, Chief Executive Officer of CISNT. "We look forward to helping students reach new heights through this program."

CISNT is a school-based, dropout prevention program offered to socio-economically disadvantaged and at-risk students living in situations that put them at-risk for academic failure. CISNT aims to surround students with a community of support, empowering them to stay in school and achieve in life. With the $40K for Kids grant, CISNT will be able to support the direct costs of the program delivery at Rivera and Borman, including a full-time program manager for both school campuses, case management services, mentor recruitment, training, placement and supervision, and student support supplies.

Devon followed a competitive grant application process to select their $40K for Kids grant winners. Seventy-four organizations in North Texas submitted applications, and a committee of Devon employees narrowed down the field to several finalists. Devon employees then conducted site visits to evaluate the programs for which funds were sought, before selecting CISNT.

In addition to the grant in Texas, Devon awarded grants in other areas where the company has field operations including Louisiana, Montana, New Mexico, Oklahoma, Utah, and Wyoming. Texas was awarded two grants, one statewide and a second specifically in North Texas's Barnett Shale.

Devon Energy Corporation (NYSE: DVN) is an Oklahoma City-based independent energy company engaged in natural gas and oil exploration. Devon is a leading independent oil and gas producer and is included in the S&P 500 index. For additional information, visit www.devonenergy.com.