Aiming for industry-leading performance

Devon is committed to doing what’s right for the environment. We want to be a good neighbor, a trusted partner and a responsible, competitive operator as we produce oil and natural gas to help meet global demand. We believe exemplary environmental performance is essential to managing risk and developing forward-looking business opportunities, with the aim of being successful throughout and beyond the energy transition.

To continuously improve our environmental performance, Devon is proactive and results-oriented. We consider the potential impacts of our operations when planning activities and making decisions. We strive to comply with all applicable environmental laws and regulations, often going above and beyond what’s required. In the process, we incorporate technology, tools and best practices to help minimize or avoid effects on air, water, land and wildlife.

Devon seeks to work with contractors who share our commitment to environmental stewardship. Our contractors must adequately train their personnel to perform environmentally sound work and have programs to comply with applicable environmental laws, rules and regulations. Contractors as well as employees have responsibility to stop work to prevent spills or other environmental issues. Starting in 2023, contractors who perform work on Devon locations will complete annual assessments to help us evaluate their environmental, social and governance (ESG) performance in key areas.

Devon has established a track record of environmental performance improvements. To document progress on our long-standing priority to reduce our greenhouse gas (GHG) and methane emissions, we’ve responded to the CDP climate change survey for 18 consecutive years.

For almost two decades, we’ve been at the forefront of water conservation efforts in our industry, and have responded to CDP’s water survey since its inception nine years ago. Devon takes great care to preserve biodiversity and protect wildlife habitat and cultural resources in areas surrounding our operations.

Transparency is important to our stakeholders and keeps us accountable for our results. Devon tracks specific metrics for GHG and methane emissions, flaring, spills, energy use, water use and others. We’ve consistently increased our disclosures in recent years and continue to share this information in this report and other public disclosures. For additional metrics and details on our environmental practices, please refer to our Climate Change Assessment Report and CDP responses.


TAKING ACTION

空气

  • Reduced Scope 1 and Scope 2 location-based GHG emissions 19% and methane emissions 13% in 2021 compared to 2020.

  • Reduced Scope 1 and Scope 2 location-based GHG emissions intensity 19% and methane emissions intensity 16% in 2021 compared to 2020.

  • Reduced flare volume intensity by 36% in 2021 compared to 2020.

  • Issued our updated2021气候变化评估报告aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

  • Set ambitious targets to further reduce the carbon intensity of our operations, minimize freshwater use and engage constructively with our value chain.

  • Became a founding sponsor of the Gas Technology Institute (GTI) Veritas initiative that seeks to demonstrate verifiable methane emissions reductions in a consistent, credible and transparent way.

  • Joined the Oil & Gas Methane Partnership 2.0 (OGMP 2.0) and committed to its globally recognized, gold standard reporting framework.

  • Enhanced our voluntary leak detection and repair (LDAR) program by committing to survey all of our producing assets with OGI cameras annually and an advanced aerial methane screening technology semi-annually, as well an installing continuous monitoring at 20% of our production in 2022.

WATER

  • Used 61 million barrels of recycled water in 2021, an increase of 65% compared to 2020.

  • Since 2015, we have reused over 200 million barrels of water from our water treatment facilities.

BIODIVERSITY

  • 建立了德文郡的生物多样性委员会,该委员会制定并实施了企业范围的标准,并寻求机会增强德文郡拥有的地面土地的生物多样性价值。

DEVON'S GOALS

  • 设定的2022个独立排放减少目标占公司总记分卡的15%。


驾驶对准

Devon has a strong organization to manage environmental performance, from our board of directors to field-level environmental, health and safety (EHS) and operations teams. We’ve been bringing together our EHS and ESG core competencies and capabilities to drive alignment on our broader enterprise goals and objectives.

我们的治理实践和组织结构提高了EHS的监督和讨论,包括与气候变化和能源过渡有关的监督。2021年,我们重新校准了董事会的治理委员会,成为治理,环境和公共政策(GEPP)委员会,以加强我们对环境政策的关注,并监督管理层将可持续性纳入我们的业务活动的努力。GEPP委员会通过其提名候选人的角色,建立了公司治理与可持续性之间的密切联系。作为高管薪酬的组成部分,董事会薪酬委员会审查了我们的公司目标中包含的环境成果。此外,至少五名德文郡董事在环境问题上具有教育背景或直接乐动电脑版工作经验。

在执行层面,德文郡执行副总裁兼首席运营官(COO)对我们的环境计划和绩效负责。为了进一步强调结果,在2021年,我们任命了ESG和EHS的第一任副总裁,向COO报告。在2022年初,我们建立了由ESG经理的新角色领导的独立主题专家ESG团队。该团队在德文郡提供咨询支持,以继续在ESG和可持续性方面取得进展。他们与股东,非政府组织(NGO),政策制定者和其他外部利益相关者互动,以增强我们对ESG风险和机会的理解。ESG团队与我们的环境和运营人员协同工作,帮助指导策略实现我们的脱碳目标。

由于我们的组织努力,在资本分配决策,公司和业务部门计划以及团队策略中考虑了将排放减少到我们开展业务的方式中的团队策略中的环境目标和目标。

操作buy-in

EHS委员会由德文郡的业务单元d operations leaders, helps protect our social license to operate and advance our culture of environmental stewardship. The council sets environmental strategy and goals, tracks performance and evaluates the effectiveness of our environmental policies, protocols and practices. To continuously improve our performance, the group reviews environmental incidents and near misses, develops corrective actions as needed and shares best practices across Devon. Council members hold regular discussions with field production leaders to update them on rapidly evolving stakeholder expectations about climate change and environmental performance.

The Devon EHS Management System, developed by the council, includes an environmental management element to drive program improvements and assessments. Our environmental professionals work closely with Devon leaders to promote and implement environmentally sound operations that comply with applicable laws, regulations and company policies.

counc长期成功,德文郡的地位il reviews emerging EHS and ESG issues, as well as proposed laws and regulations and their potential financial, operational and reputational impact on the company.

The council drives industry-leading environmental performance by developing environmental goals that are approved by the board as part of our executive compensation formula. In 2021, we set goals to reduce flaring intensity, increase voluntary leak detection and repair (LDAR) surveys and lower our spill rate. The EHS team’s post-merger priorities included integrating environmental data and protocols from our two legacy companies, which it completed in the first quarter of 2022. Full implementation of our integrated environmental policies, protocols and practices is expected by year-end 2022.

Our 2022 corporate goals include a standalone emissions reduction goal with a 15% weighting and an ESG & community engagement goal with a 15% weighting—together accounting for 30% of the company’s performance scorecard. Our corporate goals and medium- and long-term goals challenge Devon to improve our performance and hold us accountable for producing oil and natural gas in an environmentally responsible way.


Excel Download
Environment Performance Metrics1
*Unless otherwise noted, all data presented is pro forma (Devon + WPX) for U.S. operated assets.
2019 2020 2021
Direct GHG Emissions(Scope 1) (million tonnes CO2e)2 4.65 3.91 3.08v
By Constituent
Carbon Dioxide(million tonnes CO2e) 3.66 3.39 2.64
Methane(million tonnes CO2e) 0.99 0.52 0.45
Nitrous Oxide(million tonnes CO2e) 0.003 0.002 0.002
By Source
Flaring/Venting(million tonnes CO2e) 2.61 1.92 1.46
燃烧(million tonnes CO2e) 1.84 1.95 1.60
Other(million tonnes CO2e) 0.19 0.04 0.03
Indirect GHG Emissions from Electricity Use(Scope 2 location-based) (million tonnes CO2e)3 0.27 0.32 0.34v
直接和间接的温室气体排放(Scope 1 and Scope 2 location-based) (million tonnes CO2e)2,3 4.91 4.23 3.42
Direct GHG Emissions Intensity(Scope 1) (tCO2e/MBoe)2 17.22 14.10 11.11
直接和间接的温室气体排放Intensity(Scope 1 and Scope 2 location-based) (tCO2e/MBoe)2 18.20 15.27 12.33
使用销售产品的间接温室气体排放(Scope 3) (million tonnes CO2e)4,5 48 49 73
We report indirect emissions from the use of sold products on an equity basis from sources not owned or controlled by Devon; however, it is important to note that Scope 3 emissions estimates are subject to uncertainty, inconsistency and duplication as further described in the Air Emissions section of this report. In 2021, Devon’s estimated Scope 3 emissions increased, due to an increase in net equity production reported in Devon's 2021 Annual Report on Form 10-K. 2019 and 2020 estimated Scope 3 emissions are legacy Devon only, while 2021 reflects pro-forma Devon + WPX.
Methane Emissions Intensity(Scope 1) (tCO2e/MBoe)2 3.65 1.94 1.62
Methane Emissions Intensity - Production Segment(Scope 1) (% of natural gas produced)6 0.31% 0.19% 0.18%
Flaring Intensity(% of natural gas produced)7 2.21% 1.48% 0.94%
Energy Used - Fuel and Electricity Use(trillion BTU)3 32.87 31.36 27.18
用水量(百万bbl)8 141 98 116
Recycled(百万bbl) 34 37 61
来源(百万bbl) 107 61 55
用水强度(Bbl/Boe produced)8 0.5 0.3 0.4
用水强度(million Bbl/well completion)8 0.3 0.3 0.4
水回收率(recycled water Bbl/water usage Bbl)8 24% 38% 53%
Devon's total water use for completions activities varies with activity levels, targeted formations and lateral lengths, and includes fresh, non-fresh and recycled water volumes. We seek alternatives to fresh water supplies, where possible.
可报告的溢出事件发布给环境(events)9 336 246 280
Reportable Spill Volumes Released to the Environment(桶)9 4,505 4,042 5,705
1The environment metrics have been calculated using the best available data at the time of publication. Historical metrics are subject to change as we continuously seek to improve our data management practices, data sources, and calculation methodologies in order to provide the highest level of transparency, consistency and accuracy. We report environment metrics on an operated basis, unless otherwise noted.
2We include all reportable emissions under EPA's Greenhouse Gas Reporting Program (GHGRP) for Devon operated facilities, as well as non-reportable emissions from our production assets and, beginning in reporting year 2019, gathering and boosting assets. We calculate emission intensities using gross production as reported under the EPA GHGRP for all reporting segments.
3我们使用EPA燃料和电发射因子来计算利用电力(范围2)的间接温室气体排放(范围2)。
4我们报告了未由德文郡拥有或控制的来源的股权基础上使用出售产品(范围3)的间接排放。为了估算我们的范围3排放,我们依靠iPIECA的2016年指导文件估计石油行业价值链(范围3)温室气体排放。Per the IPIECA guidance, we report category 11 “Use of Sold Products” by calculating combustion emissions for our oil, natural gas and marketed natural gas liquids products using emission factors obtained from the EPA and net equity production reported in Devon’s 2021 Annual Report on Form 10-K.
5Performance is limited to legacy Devon performance only in 2019 and 2020 and pro-forma Devon + WPX in 2021, using net equity production reported in Devon's 2021 Annual Report on Form 10-K for all three years.
6Our methane emissions intensity rate calculation includes all natural gas produced at Devon operated facilities and all methane emissions from Devon operated facilities associated with the production of oil and natural gas.
Click here to see Devon's calculation methodology for methane emissions intensity
7Our flaring intensity rate calculation includes high-pressure flared volumes associated with the production of oil and natural gas.
8Our water usage includes all water sources used in completions activities at facilities operated by Devon in 2021.
9可报告的溢出事件和卷不包括2019年发生的良好控制事件。
VERM CVS provided limited assurance in relation to Devon’s Total Scope 1 GHG emissions and Total Scope 2 GHG emissions (location-based method) for the reporting period January 1, 2021 to December 31, 2021. For more information see:
Basis of Reporting GHG Emissions
独立保证声明