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DEVON ENERGY FILES REGISTRATION STATEMENT TO OFFER 8 MILLION COMMON SHARES

 DEVON ENERGY FILES REGISTRATION STATEMENT TO OFFER
 8 MILLION COMMON SHARES
 OKLAHOMA CITY, March 30 /PRNewswire/ -- Devon Energy Corp. (AMEX: DVN) today announced the filing of a registration statement with the Securities and Exchange Commission on March 27, 1992, for the sale of 8 million common shares in a public offering. The offering will be through an underwriting syndicate to be managed by the First Boston Corporation and Smith Barney, Harris Upham & Co. Incorporated. The proceeds from the offering will be used to pay a portion of the purchase price for Devon Energy's previously announced purchase of substantially all of the U.S. oil and gas properties of Hondo Oil & Gas Company (AMEX: HOG).
 The registration statement has not yet become effective. These common shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Devon Energy Corp. is an independent energy company engaged primarily in oil and gas property acquisitions, exploration and production, and oil and natural gas remarketing. The company ranks in the top 25 percent of U.S. publicly held oil and gas firms, measured by oil and gas reserves. Devon Energy's common and preferred shares trade on the American Stock Exchange under the symbols "DVN" and "DVN.Pr," respectively.
 -0- 3/30/92
 /CONTACT: Marian Moon of Devon Energy, 405-235-3611/
 (DVN) CO: Devon Energy Corp. ST: Oklahoma IN: OIL SU: OFR


SH -- NY044 -- 2825 03/30/92 11:10 EST
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Publication:PR Newswire
Date:Mar 30, 1992
Words:296
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