Devon Energy has a total of 256 patents globally, out of which 132 have been granted. Of these 256 patents, more than 11% patents are active. China is where Devon Energy has filed the maximum number of patents, followed by United States of America and Australia, it has generated an annual revenue of $12.21 billion in the year 2021. China seems to be the main focused R&D center of Devon Energy.
Devon Energy was founded in the year 1971 by J. Larry Nichols. Company is doing business in energy and hydrocarbon exploration. As of March 2022, Devon Energy has a market cap of $39.35 Billion.
Do read about some of the most popular patents of Devon Energy which have been covered by us in this article and also you can find Devon Energy’s patents information, the worldwide patent filing activity and its patent filing trend over the years, and many other stats over Devon Energy’s patent portfolio.
How many patents does the founder and the CEO of Devon Energy have?
The founder, J. Larry Nichols Hassenfeld has 0 patents respectively. The CEO, David A. Hager has 0 patents.
How many patents does Devon Energy have?
Devon Energy has a total of 256 patents globally. These patents belong to 139 unique patent families. Out of 256 patents, 30 patents are active.
How Many Patents did Devon Energy File Every Year?
Are you wondering why there is a drop in patent filing for the last two years? It is because a patent application can take up to 18 months to get published. Certainly, it doesn’t suggest a decrease in the patent filing.
|Year of Patents Filing or Grant||Devon Energy Applications Filed||Devon Energy Patents Granted|
How many Devon Energy patents are Alive/Dead?
How Many Patents did Devon Energy File in Different Countries?
Countries in which Devon Energy Filed Patents
|United States Of America||30|
|Hong Kong (S.A.R.)||6|
Where are Research Centers of Devon Energy Patents Located?
10 Best Devon Energy Patents
US6353143B1 is the most popular patent in the Devon Energy portfolio. It has received 61 citations so far from companies like Swift Enterprises, Shell Oil, and Virent.
Below is the list of 10 most cited patents of Devon Energy:
|Publication Number||Citation Count|
While the oil and gas sector is intrinsically bound to physical equipment and capital expenditures, it stands to benefit greatly from increased data and analytics utilisation. Devon Energy, one of America’s largest independent oil and gas firms, is at the vanguard of this change. Devon is depending on data to bring efficiency to its Exploration & Production business, which is responsible for identifying petroleum reserves, extracting them, and delivering them to trucks and pipelines for transport and processing.
Throughout the E&P stages of resource discovery, drilling, and extraction, Devon has implemented a number of data-driven initiatives. Devon is applying data analytics to the geological data supplied by survey techniques like as ground-penetrating radar on the discovery side. Devon can more correctly estimate the amount of subterranean reserves in a given location by comparing survey results to previous data.
Devon can employ sensors on drill bits and rigs to more accurately measure bit placements and progress in real time when drilling wells, allowing for far more accurate and safer drilling with fewer equipment malfunctions. Finally, Devon uses data to undertake predictive maintenance on wells, as well as predictive analytics to better determine which non-performing wells should be re-fracked (basically rejuvenated) and to track the number of reserves remaining across its portfolio of over 100,000 wells. Read about these mind bending innovations by Devon.
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What are Devon Energy key innovation segments?
What Technologies are Covered by Devon Energy?
The chart below distributes patents filed by Devon Energy in different countries on the basis of the technology protected in patents. It also represents the markets where Devon Energy thinks it’s important to protect particular technology inventions.
R&D Focus: How Devon Energy search focus changed over the years?
EXCLUSIVE INSIGHTS COMING SOON!
Interested in knowing about the areas of innovation that are being protected by Devon Energy?