Devon Energy Corporation declared plans to consolidate its U.S. personnel into a single operations group centrally located at the company's corporate headquarters in Oklahoma City.

As a result, Devon will close its office in Houston and transfer operational responsibilities for assets in South Texas, East Texas and Louisiana to Oklahoma City. The company expects to relocate a number of employees from Houston to Oklahoma City. The completion of this initiative is expected to be substantially complete by the end of the first-quarter 2013.

'Consolidating our U.S. operations will improve our ability to quickly shift the focus of our workforce between project areas as economic conditions dictate,' said Dave Hager, Devon's executive vice president of exploration and production. 'In addition, this move will improve the sharing of best practices and enhance overall operational efficiency.'

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