Corporate Social Responsibility
According to a report in The Daily Oklahoman dated August 3, 2007, Devon is one of the first independent oil and natural gas companies to file a corporate responsibility report. The report focuses on the company's environmental initiatives and community involvement.
Since 1990, Devon has been taking measures to reduce greenhouse gas emissions from natural gas production and transportation operations in the United States. The result of those improvements accounted for companywide emission reductions in 2005 of six billion cubic feet of methane, or 2.6 million tons of carbon dioxide equivalents.
Devon is a member of the Environmental Protection Agency’s Natural Gas STAR Program, a voluntary partnership between the energy industry and government to reduce methane emissions. Devon was named the Natural Gas STAR Rookie of the Year in 2004 and Natural Gas STAR Production Partner of the Year in 2005.
Devon also is a forerunner in the use of mobile recycling technology to reclaim wastewater produced from gas well completions in the Barnett Shale natural gas field in north Texas. The technology reduces Devon’s demand for fresh water and leaves more of the resource for surrounding communities. Recycling units stationed in several locations in the Barnett Shale treat a half million gallons of water per day. The process removes hydrocarbons, dissolved salts and other impurities, allowing the company to reuse up to 85 percent of the recovered water for other well completion projects. Devon also has water conservation programs in Wyoming and Canada.
Devon has also been recognized by FORTUNE magazine, appearing on several of the publication's prestigious lists. Devon is included in FORTUNE's 100 Best Companies to Work For, as well as the magazine's list of Most Admired Companies. Additionally, the company appears on the magazine's annual list of the top 500 US companies.
Read more about this topic: Devon Energy
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