There have been some doubts about Devon Energy (NYSE:DVN) because of its label as a natural gas company, but it looks like this past quarter finally put those concerns to bed. By bringing its Eagle Ford assets into the fold and making big strides with shale drilling in the Permain Basin, Devon's production portfolio is almost a 50/50 split between gas and liquids. Considering its drilling program for the next year or so, don't be surprised if that number climbs even further.
Moving to more oil production wasn't the only thing that contributed to Devon's impressive results, though. Find out what helped put Devon over the top this past quarter and why it could still be one of the best values in the energy space today by tuning into the video below.
The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.