DVNDevon Energy Corporation

“Extremely proud of the Smart Gas Lift program. We are using AI models to develop a physics-based calculation to optimize gas-lift injection rates on a closed-loop system that goes directly to the wells. We piloted this back in 2025, and we saw about a 2% to 3% uplift. We have now moved into full implementation in the Delaware Basin. We are over 850 wells at this point, and we have seen uplift in excess of what we saw in the pilot phase. We are on our way to 1.5 thousand wells across the portfolio.”

“We are also having very significant wins in production, leveraging AI-created tools to do real-time artificial lift optimization. We now have over 850 wells on fully autonomous artificial lift optimization with a very impressive productivity improvement.”

“We are now deep into seeing the benefits of wave two, where the AI is doing the heavy lifting of complicated calculations and time-consuming work. Examples of this are leveraging AI to write code for new apps, and also translating the massive drilling, completion, and production data flow into actionable intel that our engineers can immediately act upon. Wave two value is showing up in cutting-edge drilling and completion time, directly translating into lower capital costs.”

“One of the outcomes I am optimistic about is that the tailwinds we are seeing on business optimization will carry through the synergy work, specifically the production items like Smart Gas Lift, as well as another collection of workstreams. The process we have built around which ideas become workstreams that we track, measure, and push forward—and the AI and technology, data-driven solutions that work—we are going to continue to push all of that forward with our structure.”

“Internally, we talk about the three waves of AI impact. Wave one is a much more immediate connection to Devon Energy Corporation's massive stores of data, transforming what was inefficient data-hunting time into data analysis and value-creation time. After years of cleaning and organizing our data, we have a fully firewalled internal tool called ChatDVN that has been up and running for three years and is today a standard part of our daily workflow.”

“We are already taking similar AI-derived models to look at other forms of artificial lift—ESPs and rod pumps. Those models are calculating the optimal rate for those wells. We are in the pilot phase on subsets of wells, identifying wells that may be producing below optimal injection rates, leading to actionable insights for our engineers. We are testing these insights and already seeing production uplift.”

“technology is the key innovative underwriter of so much of this, and we are just getting started. We are in the exceptionally early innings of those wins. With this combined footprint—this amazing Delaware Basin is our crown jewel asset—you combine the two positions together and then apply all of these brilliant ideas and people and technology. Just watch out.”

“The engine behind that innovation is technology and AI. I want to spend an extra minute here because I think it is the most important insight about Devon Energy Corporation today that is not intuitive from just a cursory analysis of the financials. The AI revolution is real, and what is happening across this organization is incredibly exciting.”

“We are now moving into wave three, where we are redesigning internal processes from the ground up with AI at the center. That is the frontier, and Devon Energy Corporation is leading the industry there.”

“do you push harder on EUR or deploy more into AI and try to accelerate incorporation of those technologies into your operations?”