Full-Time
Midstream Automation Engineer
Updated on 9/3/2026
Devon Energy
5,001-10,000 employees
Independent oil and natural gas producer
No salary listed
Midland, TX, USA
In Person
Travel of 10%–15% is required, including visits to field locations.
Bachelor's
 Electrical Engineering (1) |
|---|
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- A bachelor's degree in Engineering, such as Electrical Engineering or Mechanical Engineering, is required.
- A minimum of three years of experience in a related role is required.
- Expert knowledge of programmable logic controller, human-machine interface, and flow computer software and hardware is required, with emphasis on Allen-Bradley, Rockwell Logix 5000, Emerson Remote Operations Controllers, and Red Lion human-machine interfaces.
- Experience with 120V, 480V, and 24VDC is required.
- Proficiency with Microsoft Office Suite, including Word, Excel, and PowerPoint, is required.
- The ability to work independently, manage multiple tasks, diagnose problems, and solve them effectively is required.
- The employee must be able and legally authorized to operate company-owned vehicles.
- The employee must be able to perform work involving walking, standing, sitting, bending, stooping, and climbing, and must physically visit operating areas such as drilling, completions, production, and field sites.
- Willingness to travel and work extended hours on short notice is required.
- Personal protective equipment, including head protection, hearing protection, safety glasses, safety shoes, and flame-resistant clothing, must be used; OSHA and Department of Transportation requirements are enforced.
- Provide engineering support and technical guidance to end users and plant personnel for existing control systems and human-machine interfaces.
- Participate in the design phase of new projects, including Process Hazard Analysis, design documents and drawings, and programmable logic controller and human-machine interface programming.
- Troubleshoot equipment problems and perform complex tests on control systems.
- Maintain and further develop the interface between field automation and supervisory control and data acquisition systems.
- Provide checkout and start-up support for new facilities and equipment.
- Implement effective technologies and process improvements to optimize production and organizational operations.
- Work both indoors and outdoors at production facilities, salt water disposal facilities, compressor stations, and other processing infrastructure.
- A control emphasis in the engineering degree is preferred.
Devon Energy is an independent energy company focused on exploring, developing, and producing oil and natural gas in the United States. It operates mainly in basins such as the Delaware Basin, Powder River Basin, and Anadarko Basin, where it acquires and develops assets, drills and operates wells, and sells crude oil, natural gas, and natural gas liquids. It differentiates itself through disciplined asset portfolio management, operational efficiency, and a commitment to sustainability, including reducing carbon intensity and freshwater use and engaging with its value chain and communities. Its goal is to grow value by expanding its asset base, improving production economics, and lowering its environmental footprint while supporting local communities.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Oklahoma City, Oklahoma
Founded
1971
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Simplify's Take
What believers are saying
- Devon posted $1.57 adjusted EPS and $7.42 billion revenue on August 4, 2026.
- Devon generated $1.7 billion free cash flow and raised its quarterly dividend 33 percent.
- Devon's Solitude JV and LNG-linked contracts starting 2027 extend Permian gas pricing into premium markets.
What critics are saying
- Devon paid $2.6 billion for 16,300 Delaware acres on May 21, 2026; analysts called it eye-watering.
- Tenth Circuit royalties litigation and Wyoming drilling appeals keep federal legal exposure alive through 2026.
- Solitude depends on regulatory approvals; a denial or delay strands Devon's gas monetization strategy.
What makes Devon Energy unique
- Devon locked in Delaware Basin infrastructure through Solitude on August 17, 2026.
- Devon owns core Permian acreage and controls firm transport to Katy by 2029.
- Devon pairs low-decline shale assets with integrated water, processing, compression, and takeaway control.
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↑ 4%Us: integrating the Delaware Basin: Devon Energy reaches Final Investment Decision on Solitude Pipeline System. By Energypedia News - August 24, 2026 - 4 min Investment extends Devon's integrated Delaware Basin model - capturing value from the wellhead to the demand center Devon Energy Corporation has announced a positive Final Investment Decision ('FID') on the Solitude Pipeline System, a WhiteWater-led joint venture that will construct two 48-inch natural gas pipelines connecting the Permian Basin to Katy, TX. Solitude is the latest in a deliberate series of steps Devon has taken to integrate and consolidate the infrastructure supporting its Delaware Basin position. Its integrated business model is built to convert basin-level constraints into durable margin and to capture value across the entire value chain, from the wellhead to the demand center. The Solitude Pipeline System is designed for a phased build-out of approximately 2.25 Bcf per day entering service in the second half of 2029, followed by a similarly sized second phase in 2030 and the ability to expand further to meet shipper demand. Construction and in-service timing remain subject to customary regulatory approvals. Devon has secured firm transportation capacity and will hold a 25% equity interest in the joint venture, alongside WhiteWater (50%), MPLX (10%), Diamondback Energy (7.5%) and Western Midstream Partners (7.5%). UNLOCKING VALUE IN PERMIAN NATURAL GAS Permian producers have long absorbed volatile and periodically negative pricing at the Waha hub, where takeaway capacity has repeatedly failed to keep pace with associated gas growth. Firm, long-haul capacity to the Gulf Coast changes that equation: it moves the majority of Devon's Delaware gas out of Waha and into markets that will be tied to expanding LNG export and power generation, where North American liquefaction capacity is expected to more than double by the end of the decade. Devon has already initiated the process of securing international LNG-linked pricing, including a 100 MMcf per day agreement beginning in 2027 and an additional 150 MMcf per day in 2028. Solitude gives Devon the scale and duration to access this growing LNG demand, presenting an opportunity to enhance the value of its natural gas portfolio. 'Solitude is not a standalone investment; it is the next step in an integrated model we have been building for years,' said Clay Gaspar, president and CEO. 'Megaproject has taken the hardest constraints in the Delaware Basin: water, processing, compression, takeaway and power, and have de-risked the physical constraints turning each one into a source of value rather than a tax on its returns. The company's integrated model continues to lower its cost of supply - driving free cash flow higher and deepening its peer-leading Delaware inventory. Its advantaged position will continue to enhance the company's Delaware return profile and will enable Devon to achieve differentiated resource capture.' AN INTEGRATED DELAWARE BASIN: VALUE CREATION FROM WELLHEAD TO MARKET Devon holds one of the largest operated positions in the economic core of the Delaware Basin, the asset that anchors more than half of the company's production and free cash flow. Over the past several years, Devon has systematically taken ownership or long-term contractual control of the infrastructure that position depends on for optimal and profitable development: 'Owning and controlling this infrastructure allows for improved commercial terms that lower operating costs, earlier visibility into opportunities, and direct exposure to the demand centers that will set the price of our products for the next decade,' Gaspar continued. 'Our track record, from WaterBridge to Cotton Draw to Matterhorn Express, reflects the discipline we bring to these decisions. We intend to keep applying that discipline, and this integrated model, to create long-term value for our shareholders for years to come.' Kirkland & Ellis LLP served as legal counsel to Devon Energy Corporation in connection with the transaction. Original announcement link Recent Comments
Devon Energy (NYSE:DVN) upgraded at Wall Street Zen. August 15, 2026 Key points. * Wall Street Zen upgraded Devon Energy from "hold" to "buy." Other analysts remain broadly positive, with the stock carrying a consensus "Moderate Buy" rating and an average price target of $59.60. * Devon Energy reported quarterly adjusted earnings of $1.57 per share, exceeding the $1.40 consensus estimate, while revenue rose 73.1% year over year to $7.42 billion. * Shares opened at $45.83, and institutional investors own approximately 69.72% of the company; an insider separately sold 18,000 shares valued at $841,320. * Five stocks to consider instead of Devon Energy. Devon Energy (NYSE:DVN - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday. Other equities research analysts have also issued research reports about the stock. Zacks Research lowered shares of Devon Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 27th. Truist Financial lifted their target price on shares of Devon Energy from $61.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Mizuho boosted their target price on shares of Devon Energy from $62.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 27th. Citigroup upped their price target on shares of Devon Energy from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, May 20th. Finally, Evercore raised shares of Devon Energy from an "in-line" rating to an "outperform" rating and set a $54.00 price target on the stock in a research note on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.60. Devon Energy stock up 3.2%. Shares of DVN opened at $45.83 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.24. Devon Energy has a 12 month low of $31.47 and a 12 month high of $52.71. The stock's 50 day moving average is $43.40 and its two-hundred day moving average is $45.14. The firm has a market cap of $50.41 billion, a P/E ratio of 10.89 and a beta of 0.38. Discover more EV market analysis Stock market holidays Space stocks report Devon Energy (NYSE:DVN - Get Free Report) last announced its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The business had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the company posted $0.84 EPS. The business's quarterly revenue was up 73.1% on a year-over-year basis. Analysts predict that Devon Energy will post 4.99 earnings per share for the current fiscal year. Insider activity at Devon Energy. In other news, SVP Andrea Alexander sold 18,000 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total value of $841,320.00. Following the completion of the sale, the senior vice president directly owned 138,529 shares in the company, valued at $6,474,845.46. This represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.58% of the stock is owned by company insiders. Institutional trading of Devon Energy. A number of hedge funds have recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Devon Energy in the fourth quarter valued at approximately $25,000. JFS Wealth Advisors LLC grew its holdings in Devon Energy by 56.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company's stock valued at $28,000 after buying an additional 245 shares in the last quarter. MV Capital Management Inc. purchased a new stake in Devon Energy in the 4th quarter valued at $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Devon Energy in the 2nd quarter worth $29,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Devon Energy in the 4th quarter worth $29,000. Institutional investors and hedge funds own 69.72% of the company's stock. About Devon Energy. Devon Energy Corporation NYSE: DVN is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques. Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Devon Energy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Devon Energy wasn't on the list. While Devon Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. 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Weak Q2 merger and acquisition activity bolstered by federal oil and gas leases. August 11, 2026 By Mark Jaffe, EUCI energy writer U.S. oil and gas mergers and acquisition (M&A) value fell to $9.1 billion in the second quarter of 2026, the third-lowest quarterly total since 2020, as sector volatility due to the Iran war made it difficult to value properties, according to Enverus Intelligence Research. The deals marked a 76% drop quarter-over-quarter, although the first quarter results were inflated by Devon Energy's $58 billion merger with Coterra Energy. The 2026 first quarter results also marked a 33% drop from a year earlier. More than 40% of second-quarter value came from the U.S. Bureau of Land Management's (BLM) record-setting New Mexico lease sale, which brought in more than $4 billion. The previous auction record of $972 million was set in 2018. "The quarter looks weak on the headline number, but that understates the strength of the underlying bid for inventory," Andrew Dittmar, an Enverus principal analyst, said in a statement. "Crude volatility tied to the Iran conflict and a softening gas outlook likely widened the bid-ask spread and complicated valuations which pushed announced value to one of its lowest quarterly totals in years," Dittmar said. Enverus said it is likely "a temporary negotiation obstacle rather than a demand problem." "Public companies are willing to pay ever-higher prices for tier-one Permian acreage and buyers deploying asset-backed securitization capital are still very much in the market," Dittmar said. Public companies led the bidding in the BLM lease sale. The largest deal was Devon Energy's $2.6 billion acquisition of BLM leases in the Permian Basin. Matador Resources also spent $1.1 billion for Permian BLM leases. The federal auction offered "unique factors" - including lower royalty rates, untouched acreage and the ability to cherry-pick parcels - that contributed to the record prices. Diversified Energy, in partnership with Carlyle, acquired the majority of Camino Natural Resources in the Anadarko Basin for $1.175 billion, and Talos Energy spent $1.7 billion to purchase Shell Gulf of Mexico assets. "The appetite for assets from private buyers was also strong," Enverus said. "The two principal private ABS-fueled buyers, Flywheel Energy and Jonah Energy, remain serial acquirers." Jonah injected fresh capital into the mid-Continent with its $1 billion purchase from Scout Energy Partners. Asset-backed securitization (ABS) buyers represented almost 30% of asset-level deal flow for the second straight quarter. In the last 12 months, they have acquired about $10 billion in assets. "ABS buyers have become the marginal bid for most production-heavy offerings, and that has changed the map. Assets that once traded at a discount because they were inventory-light are now competitively sought after," Dittmar said. ABS has focused on mid-Continent assets, but those in the Williston Basin, which straddles North Dakota, South Dakota, and Montana, and the Denver-Julesburg Basin in Colorado could also be prime targets "given their mature profiles and constrained public-buyer pools," Enverus said. While the BLM Permian Basin auction led the M&A activity, interest in other Permian assets also remained high. "Public companies are willing to pay ever-higher prices for tier-one Permian acreage," Enverus said. For example, in its July sale, Matador paid $1.3 billion for EnCap Investment's Paloma Permian assets. "Higher crude is supercharging both the private sellers coming to market and public company appetite for inventory," Dittmar said. "We expect a much busier second half, with private companies as the primary source of assets and public buyers and ABS capital as the two active bidding groups," concluded Dittmar.
Devon defends price tag of federal acreage acquisition. Published: Fri, Aug 7, 2026 US independent Devon Energy defended its recent $2.6 billion purchase of federal acreage in the New Mexico area of the Delaware Basin, saying the price it paid was competitive for top-tier shale acreage with a significantly lower royalty burden. Don't have an account yet?
Devon Energy Corporation reports second-quarter 2026 results that created the company's highest quarterly profit since 2022 and also beat Wall Street