Devon Energy Patents – Key Insights and Stats

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?

Devon Energy Patent Filing Trend

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 GrantDevon Energy Applications FiledDevon Energy Patents Granted
201221
20131
20141
2015821
201645
20171
20182
2019171
2020215
20213

How many Devon Energy patents are Alive/Dead?

Worldwide Patents

Devon Energy Worldwide Legal Trends

Patent Families

Devon Energy patent portfolio

How Many Patents did Devon Energy File in Different Countries?

Devon Energy Worldwide Patent Filing in Top 10 Countries

Countries in which Devon Energy Filed Patents

CountryPatents
China103
United States Of America30
Australia18
Europe14
Malaysia10
Japan9
Austria6
Argentina6
Canada6
Hong Kong (S.A.R.)6
Germany6
Taiwan3
Korea (South)3
Spain2
Singapore2
Israel2
Brazil2
South Africa2
Mexico2
New Zealand2
India2
Vietnam1
United Kingdom1
Norway1
Chile1
Denmark1
Poland1
Ecuador1
Panama1
Indonesia1
Peru1
Philippines1

Where are Research Centers of Devon Energy Patents Located?

Devon Energy R&D Centers

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 NumberCitation Count
US6353143B161
US20030186824A157
US7344783B256
US20040202872A154
US6605654B139
US20130126159A125
US20030114562A125
US7381695B224
US20020112777A121
US6388148B219

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.

EXCLUSIVE INSIGHTS COMING SOON!

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?

Updated on March 11, 2022

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