Davis Polk advised Goldman, Sachs & Co., Morgan Stanley & Co. LLC and UBS Securities LLC as joint book-running managers on an SEC-registered offering by Devon Energy Corporation of $500 million principal amount of 2.4% senior notes due 2016, $500 million principal amount of 4% senior notes due 2021 and $1.25 billion principal amount of 5.6% senior notes due 2041.

Headquartered in Oklahoma City, Oklahoma, Devon Energy is an independent energy company engaged primarily in the exploration, development and production of natural gas and oil.

The Davis Polk corporate team included partner Richard A. Drucker, associates Phoebe Nel and Robert F. Young and summer associate Ryan J. Grimm. Partner Lucy W. Farr and associate Juelle Gomes provided tax advice. Counsel Loyti Cheng and associate Ona Oshen provided environmental advice. Jack S. Keating was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.