• CERAWeek
  • March 18 - 22, 2024
  • About

David Harris

Devon Energy

Executive Vice President & Chief Corporate Development Officer

David Harris, was appointed to the position of executive vice president and chief corporate development officer in January 2021. Harris is responsible for Devon’s business development, new ventures, subsurface, land and technology functions. Prior to the WPX merger, he served as executive vice president of exploration and production responsible for all of Devon's business units, as well as land, technology, subsurface and environment, health and safety groups. He has previously served as senior vice president of exploration and production, senior vice president of business development, vice president of corporate finance and treasurer, and as associate general counsel. Harris has been with Devon since 2007. Prior to joining Devon, he was a partner in the Dallas office of Thompson & Knight LLP, specializing in corporate and securities matters. Harris holds a bachelor's degree from the University of Tulsa and a law degree from the University of Oklahoma.

Sessions With David Harris

Tuesday, 7 March

  • 11:55am - 12:45pm (CST) / 07/mar/2023 05:55 pm - 07/mar/2023 06:45 pm

    US Oil & Gas: How can it continue to outperform?

    Upstream Oil & Gas
    The combination of surging prices, a new business model and efficient operations in low-risk areas produced dramatic success for North American oil and gas in 2021 and 2022. After years of poor results, the record earnings and free cash flow drove outperformance when compared to every other sector of both equity and debt markets and spread beyond producers to benefit midstream and service sector players. However, sustaining outperformance is a difficult challenge, and this dialogue will explore the strategic issues related to how leading companies plan to add value from here. What role has the new business model—capital discipline and free cashflow maximization—played in the success of U.S. oil and gas? Will this approach work in the future, or will it have to evolve? How much scope exists to add value? Where are we on efficiency gains? Cost reduction? New resources? How deep is the inventory of undrilled wells? Have the best wells been drilled? Despite impressive share performance, oil and gas companies still trade at compressed multiples. What changes that? How do regulatory developments such as the U.S. Inflation Reduction Act (IRA) change the future of traditional energy companies? Is the push to decarbonize a threat, an opportunity or a distraction, and how fast and how far can decarbonization go? Is there value for North American companies in integrating through the oil and gas chain, LNG, midstream or processing?