Devon Energy Reports Director and 10% Owner Holdings in Fervo Energy

This Form 3 filing discloses that Devon Energy Corporation, through its wholly-owned subsidiary Devon Technology Ventures Holdings, L.L.C., holds significant ownership in Fervo Energy Co (FRVO) as both a director and greater than 10% owner. The filing reports holdings of four series of preferred stock (Series D-1, D-2, D-3, and E-1) that will automatically convert into Class A Common Stock on a 0.7194-for-one basis upon completion of Fervo Energy's initial public offering. The total holdings represent substantial ownership positions, with the Series D-1 Preferred Stock alone converting to 35,540,812 shares of Class A Common Stock. The filing also notes that Robert (Trey) Lowe III, Executive Vice President and Chief Technology Officer of Devon, serves on Fervo Energy's board of directors, establishing the reporting relationship.