Derek Sumner

Director of Production, Facilities, Infrastructure & Construction - MSBU Devon Energy

Derek Sumner is currently serving as director of production, facilities, infrastructure, and construction for Devon Energy’s Oklahoma and Eagle Ford assets. He previously served as production manager for the Delaware Basin. Sumner joined Devon in 2012 after beginning his career as a process engineer for a Gulf Coast refiner. Since joining Devon, he has held roles of increasing responsibility, including positions in midstream, facilities, supply chain, and most recently in production. He has served as chairman and currently sits on the board of directors for a local non-profit that directly benefits at-risk neighbors in our community. Sumner holds a bachelor’s degree in chemical engineering from Oklahoma State University, a master of business administration from the University of Oklahoma, and is a licensed professional engineer in Oklahoma.

Main Conference Day One - November 5

8:50 AM Fireside Chat: Devon Energy’s Edge Business Optimization Plan

In April 2025, Devon Energy set out an ambitious business optimization plan to enhance margins and capital efficiency, with a targeted $1 billion in annual pre-tax free cash flow improvement. With approximately 30 percent of the estimated improvements expected to be accomplished by year-end 2025, in this session we will explore the three of the key components of their plan and progress to date, including:

Production Optimization: Using advanced analytics to minimize maintenance events, reduce downtime, flatten production declines and optimize operating cost structure
Capital Efficiency: Capturing efficiencies through design optimization, cycle time reductions, facility standardization and vendor management
Commercial Opportunities: Leveraging scale to enhance commercial contracts to increase realizations and improve recoveries and lower GP&T cost structure

Check out the incredible speaker line-up to see who will be joining Derek.

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