Filed Pursuant to Rule 433
Registration No. 333-156025
January 6, 2009

$500,000,000
5.625% Senior Notes due 2014
$700,000,000
6.300% Senior Notes due 2019
TERM SHEET
 	 	 	
Issuer:	 	Devon Energy Corporation (Bloomberg
Ticker: “DVN”)	
 	 	 	
Ratings:	 	Baa1 (stable) Moody’s / BBB+ (stable) S&P	
 	 	 	
Securities:	 	$500,000,000 5.625% Senior Notes due 2014
$700,000,000 6.300% Senior Notes due 2019	
 	 	 	
Format:	 	SEC registered (global) (No. 333-156025)	
 	 	 	
CUSIP / ISIN No.	 	2014 Notes: 25179M AG8 / US25179MAG87
2019 Notes: 25179M AH6 / US25179MAH60	
 	 	 	
Trade Date:	 	January 6, 2009	
 	 	 	
Expected Settlement:	 	January 9, 2009 (T+3)	
 	 	 	
Maturity:	 	2014 Notes: January 15, 2014
2019 Notes: January 15, 2019	
 	 	 	
Price To Public:	 	2014 Notes: 99.774% of principal amount
2019 Notes: 99.698% of principal amount	
 	 	 	
Coupon:	 	2014 Notes: 5.625% per year (payable semi-annually)
2019 Notes: 6.300% per year (payable semi-annually)	
 	 	 	
Interest Payment Dates:	 	January 15 th and July 15 th , beginning July 15, 2009	
 	 	 	
Benchmark Treasury:	 	2014 Notes: 1.50% due December 31, 2013
2019 Notes: 3.750% due November 15, 2018	
 	 	 	
Benchmark Treasury Yield:	 	2014 Notes: 1.677%
2019 Notes: 2.491%	
 	 	 	
Spread to Benchmark Treasury:	 	2014 Notes: +400 basis points
2019 Notes: +385 basis points	
 	 	 	
Yield to Maturity:	 	2014 Notes: 5.677%
2019 Notes: 6.341%	
 	 	 	
Make Whole Call At Any Time:	 	The greater of 100% of principal amount or discounted present value at Adjusted Treasury Rate +50 bps (0.50%) for the 2014 Notes and +50 bps (0.50%) for the 2019 Notes	
 	 	 	
Denominations:	 	$2,000 and multiples of $1,000 in excess of $2,000	

 

 	 	 	
Use of Proceeds:	 	Repayment of approximately $1 billion of outstanding commercial paper, and general corporate purposes	
 	 	 	
Underwriting Discount:	 	2014 Notes: 0.60%
2019 Notes: 0.65%	
 	 	 	
Joint Bookrunners:	 	Banc of America Securities LLC
J.P. Morgan Securities Inc.
UBS Securities LLC
Greenwich Capital Markets, Inc.
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated	
 	 	 	
Co-Managers:	 	Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
BMO Capital Markets Corp.
RBC Capital Markets Corporation	
 	 	 	
Junior Co-Managers:	 	The Bank of Tokyo-Mitsubishi UFJ Securities (USA), Inc.
Scotia Capital (USA) Inc.
U.S. Bancorp Investments, Inc.
SG Americas Securities, LLC
Wells Fargo Securities, LLC
Barclays Capital Inc.	
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free Banc of America Securities LLC at 1-800-294-1322, J.P. Morgan Securities Inc. at 212-834-4533 (collect) or UBS Securities LLC at 1-877 827-6444 (ext. 561-3884).