Document:

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                                                                     EXHIBIT 4.2

                            DEVON ENERGY CORPORATION

                                       to

                              THE BANK OF NEW YORK,

                                   as Trustee

                          ----------------------------

                          Supplemental Indenture No. 1
                           Dated as of March 25, 2002

                                       to

                                    Indenture
                            Dated as of March 1, 2002

                          ----------------------------

                                 $1,000,000,000

                        7.95% Senior Debentures due 2032

         SUPPLEMENTAL INDENTURE NO. 1 dated as of March 25, 2002 (the
"Supplemental Indenture"), between DEVON ENERGY CORPORATION, a corporation duly
organized and existing under the laws of the State of Delaware (herein called
the "Company"), and THE BANK OF NEW YORK, a New York banking corporation, as
Trustee (herein called the "Trustee").

                             RECITALS OF THE COMPANY

         The Company has heretofore delivered to the Trustee an Indenture dated
as of March 1, 2002 (the "Senior Indenture") providing for the issuance from
time to time of Debt Securities of the Company (the "Debt Securities").

         Section 3.01 of the Senior Indenture provides that various matters with
respect to any series of Debt Securities issued under the Senior Indenture may
be established in an indenture supplemental to the Senior Indenture.

         Section 12.01(f) of the Senior Indenture provides for the Company and
the Trustee to enter into an indenture supplemental to the Senior Indenture to
establish the form or terms of Debt Securities of any series as contemplated by
Sections 2.01 and 3.01 of the Senior Indenture.

<PAGE>

         All the conditions and requirements necessary to make this Supplemental
Indenture, when duly executed and delivered, a valid and legally binding
agreement in accordance with its terms and for the purposes herein expressed,
have been performed and fulfilled.

         NOW, THEREFORE, THIS INDENTURE WITNESSETH:

         For and in consideration of the premises and the purchase of the series
of Debt Securities provided for herein by the Holders thereof, it is mutually
covenanted and agreed, for the equal and proportionate benefit of all Holders of
the series of Debt Securities provided for herein, as follows:

                                   ARTICLE ONE

                    RELATION TO SENIOR INDENTURE; DEFINITIONS

         SECTION 1.1. RELATION TO SENIOR INDENTURE. This Supplemental Indenture
constitutes an integral part of the Senior Indenture.

         SECTION 1.2. DEFINITIONS. (a) For all purposes of this Supplemental
Indenture, except as otherwise expressly provided for or unless the context
otherwise requires:

                  (1) Capitalized terms used but not defined herein shall have
         the respective meanings assigned to them in the Senior Indenture; and

                  (2) All references herein to Articles and Sections, unless
         otherwise specified, refer to the corresponding Articles and Sections
         of this Supplemental Indenture.

         (b) The following definitions applicable to the series of Debt
Securities provided for herein shall be in addition to those indicated in
Section 1.01 of the Senior Indenture:

         "Adjusted Treasury Rate" means, with respect to any Redemption Date,
the yield, under the heading which represents the average for the immediately
preceding week, appearing in the most recently published statistical release
designated "H.15(519)" or any successor publication which is published weekly by
the Board of Governors of the Federal Reserve System and which establishes
yields on actively traded U.S. Treasury securities adjusted to constant maturity
under the caption "Treasury Constant Maturities" for the maturity corresponding
to the Optional Redemption Comparable Treasury Issue (if no maturity is within
three months before or after the remaining term of the Debentures, yields for
the two published maturities most closely corresponding to the Optional
Redemption Comparable Treasury Issue will be determined and the Adjusted
Treasury Rate will be interpolated or extrapolated from such yields on a
straight line basis, rounding to the nearest month); or if such release (or any
successor release) is not published during the week preceding the calculation
date or does not contain such yields, the rate per annum equal to the semiannual
equivalent yield to maturity of the Optional Redemption Comparable Treasury
Issue, calculated using a price for the Optional Redemption Comparable Treasury
Issue (expressed as a percentage of its principal amount) equal to the Optional
Redemption Comparable Treasury Price for such Redemption Date.

                                       2
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         "Independent Investment Banker" means Banc of America Securities LLC or
UBS Warburg LLC, as selected by the Company, or if either such firm is unwilling
or unable to serve as such, an independent investment and banking institution of
national standing appointed by the Trustee.

         "Optional Redemption Reference Treasury Dealer" means each of up to
five dealers to be selected by the Company, and their respective successors;
provided that if any of the foregoing ceases to be, and has no affiliate that
is, a primary U.S. governmental securities dealer (a "Primary Treasury Dealer"),
the Company will substitute for it another Primary Treasury Dealer.

         "Optional Redemption Comparable Treasury Issue" means the U.S. Treasury
security selected by an Independent Investment Banker as having a maturity
comparable to the remaining term of the Debentures to be redeemed that would be
utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of the Debentures or, if, in the reasonable
judgment of the Independent Investment Banker, there is no such security, then
the Optional Redemption Comparable Treasury Issue will mean the U.S. Treasury
security or securities selected by the Independent Investment Banker as having
an actual or interpolated maturity or maturities comparable to the remaining
term of the Debentures.

         "Optional Redemption Comparable Treasury Price" means (1) the average
of five Optional Redemption Reference Treasury Dealer Quotations for the
applicable Redemption Date, after excluding the highest and lowest Optional
Redemption Reference Treasury Dealer Quotations, or (2) if the Independent
Investment Banker obtains fewer than five such Optional Redemption Reference
Treasury Dealer Quotations, the average of all such quotations.

         "Optional Redemption Reference Treasury Dealer Quotations" means, with
respect to each Optional Redemption Reference Treasury Dealer and any Redemption
Date for the Debentures, the average, as determined by the Independent
Investment Banker of the bid and asked prices for the Optional Redemption
Comparable Treasury Issue (expressed in each case as a percentage of its
principal amount) quoted in writing to the Independent Investment Banker and the
Trustee at 5:00 p.m., New York City time, on the third Business Day preceding
such Redemption Date.

                                   ARTICLE TWO

                            THE SERIES OF DEBENTURES

         SECTION 2.1. TITLE OF THE DEBT SECURITIES. There is hereby created
under the Senior Indenture a series of Debt Securities designated the "7.95%
Senior Debentures due 2032" (the "Debentures").

         SECTION 2.2. LIMITATIONS ON AGGREGATE PRINCIPAL AMOUNT. The aggregate
principal amount of the Debentures shall be initially limited to $1,000,000,000,
subject to the Company's right to increase such limit following the original
issuance of the Debentures upon delivery to the Trustee of a Company Order
specifying any higher limit. Except as provided in this Section, the Company
shall not execute and the Trustee shall not authenticate or deliver Debentures
in excess of such aggregate principal amount.

                                       3
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         Nothing contained in this Section 2.2 or elsewhere in this Supplemental
Indenture, or in the Debentures, is intended to or shall limit execution by the
Company or authentication or delivery by the Trustee of the Debentures under the
circumstances contemplated in Section 3.04, 3.05, 3.06, 4.06 and 12.06 of the
Senior Indenture.

         SECTION 2.3. INTEREST AND INTEREST RATES; MATURITY DATE OF DEBENTURES.
The Debentures will bear interest at a rate of 7.95% per annum, from March 25,
2002 or from the immediately preceding Interest Payment Date to which interest
has been paid or duly provided for, payable semi-annually in arrears on April 15
and October 15 of each year, commencing October 15, 2002 (each, an "Interest
Payment Date"), to the Person in whose name such Debenture is registered at the
close of business on April 1 or October 1 (whether or not a Business Day), as
the case may be, next preceding such Interest Payment Date (each, a "Regular
Record Date"). Interest will be computed on the basis of a 360-day year
consisting of twelve 30-day months. The interest so payable on any Debenture
which is not punctually paid or duly provided for on any Interest Payment Date
shall forthwith cease to be payable to the Person in whose name such Debenture
is registered on the relevant Regular Record Date, and such defaulted interest
shall instead be payable to the Person in whose name such Debenture is
registered on the Special Record Date or other specified date determined in
accordance with the Senior Indenture.

         The Debentures will mature on April 15, 2032.

         SECTION 2.4. REDEMPTION.

                  (a) The Debentures shall be redeemable before their Stated
         Maturity in accordance with this Section 2.4 and otherwise in
         accordance with the provisions of Article IV of the Senior Indenture.
         In the event of any conflict between this Section 2.4 (including the
         definitions of terms used herein) and Article IV of the Senior
         Indenture (including the definitions of terms used therein), this
         Section 2.4 shall control.

                  (b) The Debentures may be redeemed at any time at the option
         of the Company as set forth in the form of Debenture attached as
         Exhibit A hereto.

         SECTION 2.5. PLACES OF PAYMENT. The Places of Payment where the
Debentures may be presented or surrendered for payment, where the Debentures may
be surrendered for registration of transfer or exchange and where notices and
demands to or upon the Company in respect of the Debentures and the Senior
Indenture may be served shall be at the Corporate Trust Office of the Trustee in
the State of New York which shall initially be located at 101 Barclay Street, 21
West, New York, New York 10286.

         SECTION 2.6. METHOD OF PAYMENT. Payment of the principal of, premium,
if any, and interest on the Debentures will be made at the office or agency of
the Company maintained for that purpose in The City of New York (which shall
initially be an office or agency of the Trustee), in such coin or currency of
the United States as at the time of payment is legal tender for payment of
public and private debts; PROVIDED, HOWEVER, that at the option of the Company,
payments of interest on the Debentures may be made by check mailed to

                                       4
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the address of the Person entitled thereto as such address shall appear in the
Debt Security Register.

         SECTION 2.7. CURRENCY. Principal, premium, if any, and interest on the
Debentures shall be payable in Dollars.

         SECTION 2.8. REGISTERED SECURITIES; GLOBAL FORM. The Debentures shall
be issuable and transferable in fully registered form, without coupons. The
Debentures shall each be issued in the form of one or more permanent Global
Securities. The Depositary for the Debentures shall be The Depository Trust
Company. The Debentures shall not be issuable in definitive form except as
provided in Section 2.03 of the Senior Indenture.

         SECTION 2.9. FORM OF DEBENTURES. The Debentures shall be substantially
in the form attached as Exhibit A hereto.

         SECTION 2.10. REGISTRAR AND PAYING AGENT. The Trustee shall initially
serve as Debt Security Registrar and Paying Agent for the Debentures.

         SECTION 2.11. EVENTS OF DEFAULT. In addition to the Events of Default
specified in Section 8.01 of the Senior Indenture, the following shall
constitute an Event of Default with respect to the Debentures:

                           "default by the Company in the payment of any
         principal of any Funded Debt of the Company outstanding in an aggregate
         principal amount in excess of $50,000,000 at the final stated maturity
         thereof or the occurrence of any other default thereunder, the effect
         of which default is to cause such Funded Debt to become, or to be
         declared, due prior to its final stated maturity unless (A) such
         default shall be cured, by payment or otherwise, within 60 days after
         there has been given, by registered or certified mail, to the Company
         by the Trustee or to the Company and the Trustee by the Holders of at
         least 25% in principal amount of the outstanding Debentures a written
         notice specifying such default and requiring it to be remedied and
         stating that such notice is a "Notice of Default" hereunder, and the
         receipt by the Company of such written notice or (B) the acceleration
         is not rescinded or annulled or the default that caused the
         acceleration is not cured with 60 days after the receipt by the Company
         of such written notice."

                                  ARTICLE THREE

                            MISCELLANEOUS PROVISIONS

         SECTION 3.1. RATIFICATION OF SENIOR INDENTURE. Except as expressly
modified or amended hereby, the Senior Indenture continues in full force and
effect and is in all respects confirmed and preserved.

         SECTION 3.2 GOVERNING LAW. This Supplemental Indenture and each
Debenture shall be governed by and construed in accordance with the laws of the
State of New York. This Supplemental Indenture is subject to the provisions of
the Trust Indenture Act of 1939, as amended and shall, to the extent applicable,
be governed by such provisions.

                                       5
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         SECTION 3.3. COUNTERPARTS. This Supplemental Indenture may be executed
in any number of counterparts, each of which so executed shall be deemed to be
an original, but all such counterparts shall together constitute but one and the
same instrument.

         SECTION 3.4. RECITALS. The recitals contained herein shall be taken as
statements of the Company, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representations as to the validity or
sufficiency of this Supplemental Indenture.

                            [signature page follows]

                                       6
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         IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed by their respective officers hereunto duly
authorized, all as of the day and year first written above.

                                   DEVON ENERGY CORPORATION

                                   By:          /s/ William T. Vaughn
                                      ------------------------------------------
                                      Name:  William T. Vaughn
                                      Title: Senior Vice President - Finance

                                   THE BANK OF NEW YORK,
                                   as Trustee

                                   By:
                                      ------------------------------------------
                                      Name:
                                      Title:

                                       7
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                                                                    Exhibit A to
                                                     Supplement Indenture No. 1.

         UNLESS THIS SECURITY IS PRESENTED BY AN UNAUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY ("DTC"), 55 WATER STREET, NEW YORK, NEW YORK TO THE
ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND SUCH
SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, SINCE THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

         UNLESS AND UNTIL THIS SECURITY IS EXCHANGED IN WHOLE OR IN PART FOR
SECURITIES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS
A WHOLE BY DTC TO A NOMINEE THEREOF OR BY A NOMINEE THEREOF TO DTC OR ANOTHER
NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR OF DTC OR A NOMINEE
OF SUCH SUCCESSOR.

                            DEVON ENERGY CORPORATION

                         7.95% Senior Debenture Due 2032

Registered No. ____                                             PRINCIPAL AMOUNT
CUSIP NO. 251799 AA 0                                             $_____________

         DEVON ENERGY CORPORATION, a Delaware corporation (herein referred to as
the "Company" which term includes any successor entity under the Indenture
referred to), for value received, hereby promises to pay to ___________, or
registered assigns, upon presentation, the principal sum of $______________ on
April 15, 2032 (the "Stated Maturity Date") and to pay interest thereon from
March 25, 2002 or from the most recent Interest Payment Date to which interest
has been paid or duly provided for, semi-annually on April 15 and October 15 in
each year (each, an "Interest Payment Date"), commencing October 15, 2002, at
the rate of 7.95% per annum, until the principal hereof is paid or duly provided
for. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in such Indenture, be paid to the Holder
in whose name this Debt Security (or one or more Predecessor Debt Securities) is
registered at the close of business on the Regular Record Date for such
interest, which shall be the April 1 and October 1 (whether or not a Business
Day), as the case may be, next preceding such Interest Payment Date at the
office or agency of the Company maintained for such purpose; PROVIDED, HOWEVER,
that such interest may be paid, at the Company's option, by mailing a check to
such Holder at its registered address. Any such interest not so punctually paid
or duly provided for shall forthwith cease to be payable to the Holder on such
Regular Record Date, and may be paid to the Holder in whose name this Debt
Security (or one or more Predecessor Debt Securities) is registered at the close
of business on a Special Record Date for the payment of such Defaulted Interest
to be fixed by the Trustee, notice

                                      A-1
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whereof shall be given to Holders of Debt Securities of this series not less
than 10 days prior to such Special Record Date, or may be paid at any time in
any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Securities of this series may be listed, and upon such
notice as may be required by such exchange, all as more fully provided in the
Indenture. Interest will be computed on the basis of a 360-day year consisting
of twelve 30-day months.

         The principal of this Debt Security payable on the Stated Maturity Date
or the principal of, premium, if any, and, if the Redemption Date is not an
Interest Payment Date, interest on this Security payable on the Redemption Date
will be paid against presentation of this Debt Security at the office or agency
of the Company maintained for that purpose in New York, New York in such coin or
currency of the United States of America as at the time of payment is legal
tender for the payment of public and private debts.

         Interest payable on this Debt Security on any Interest Payment Date and
on the Stated Maturity Date or Redemption Date, as the case may be, will include
interest accrued from and including the next preceding Interest Payment Date in
respect of which interest has been paid or duly provided for (or from and
including March 25, 2002, if no interest has been paid on this Debt Security) to
but excluding such Interest Payment Date or the Stated Maturity Date or
Redemption Date, as the case may be. If any Interest Payment Date or the Stated
Maturity Date or Redemption Date falls on a day that is not a Business Day,
principal, premium, if any, and/or interest payable with respect to such
Interest Payment Date or Stated Maturity Date or Redemption Date, as the case
may be, will be paid on the next succeeding Business Day with the same force and
effect as if it were paid on the date such payment was due, and no interest
shall accrue on the amount so payable for the period from and after such
Interest Payment Date or Stated Maturity Date or Redemption Date, as the case
may be.

         All payments of principal, premium, if any, and interest in respect of
this Debt Security will be made by the Company in immediately available funds.

         Reference is hereby made to the further provisions of this Debt
Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place.

         Unless the Certificate of Authentication hereon has been executed by
the Trustee by manual signature of one of its authorized signatories, this Debt
Security shall not be entitled to any benefit under the Indenture, or be valid
or obligatory for any purpose.

                                       A-2
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         IN WITNESS WHEREOF, the Company has caused this instrument to be
executed by one of its duly authorized officers.

Dated:  ______________

                                      DEVON ENERGY CORPORATION

                                      By:
                                         ---------------------------------------
                                         Name:
                                         Title:

TRUSTEE'S CERTIFICATE OF AUTHENTICATION:

         This is one of the Debt Securities of the series designated therein
referred to in the within-mentioned Indenture.

Dated: _____________

                                       THE BANK OF NEW YORK

                                       By:
                                          --------------------------------------
                                                  Authorized Signatory

                                      A-3
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                              [Reverse of Security]

                            DEVON ENERGY CORPORATION

         This Debt Security is one of a duly authorized issue of securities of
the Company (herein called the "Debt Securities"), issued and to be issued in
one or more series under an Indenture, dated as of March 1, 2002, as
supplemented by Supplemental Indenture No. 1, dated as of March 25, 2002 (as so
supplemented, herein called the "Indenture") between the Company and The Bank of
New York, as Trustee (herein called the "Trustee," which term includes any
successor trustee under the Indenture with respect to the series of which this
Debt Security is a part), to which Indenture and all indentures supplemental
thereto reference is hereby made for a statement of the respective rights,
limitations of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Debt Securities, and of the terms upon which the
Debt Securities are, and are to be, authenticated and delivered. This Debt
Security is one of the duly authorized series of Debt Securities designated on
the face hereof, and the aggregate principal amount of the Debt Securities to be
issued under such series is initially limited to $1,000,000,000, subject to the
Company's right to increase such limit as provided in the Indenture (except for
Debt Securities authenticated and delivered upon transfer of, or in exchange
for, or in lieu of other Debt Securities). All terms used in this Debt Security
which are defined in the Indenture shall have the meanings assigned to them in
the Indenture.

         If an Event of Default, as defined in the Indenture, with respect to
the Debt Securities of this series, shall occur and be continuing, the Principal
of the Debt Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture.

         This Debt Security will be redeemable, in whole or in part, at any
time, at the Company's option, at a redemption price equal to the greater of (1)
100% of the principal amount of this Debt Security then outstanding to be
redeemed, or (2) the sum of the present values of the remaining scheduled
payments of principal and interest hereon (exclusive of interest accrued to the
Redemption Date) from the Redemption Date to the Stated Maturity Date computed
by discounting such payments to the Redemption Date on a semiannual basis
(assuming a 360-day year consisting of twelve 30-day months) at a rate equal to
the sum of 30 basis points plus the Adjusted Treasury Rate on the third Business
Day prior to the Redemption Date, as calculated by an Independent Investment
Banker, plus accrued and unpaid interest, up to, but not including the
Redemption Date.

         Notice of redemption will be given by mail to Holders of Debt
Securities, not less than 30 nor more than 60 days prior to the Redemption Date,
all as provided in the Indenture.

         In the event of redemption of this Debt Security in part only, a new
Debt Security or Debt Securities for the unredeemed portion hereof shall be
issued in the name of the Holder hereof upon the cancellation hereof.

         The Indenture permits, with certain exceptions as provided therein, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Debt Securities under the Indenture
at any time by the Company and the Trustee with the consent of the Holders of
not less than a majority of the aggregate principal amount of

                                       A-4
<PAGE>

all Debt Securities issued under the Indenture at the time Outstanding and
affect thereby. The Indenture also contains provisions permitting the Holders of
not less than a majority of the aggregate principal amount of the Outstanding
Debt Securities, on behalf of the Holders of all such securities, to waive
compliance by the Company with certain provisions of the Indenture. Furthermore,
provisions in the Indenture permit the Holders of not less than a majority of
the aggregate principal amount, in certain instances, of the Outstanding Debt
Securities of any series to waive, on behalf of all of the Holders of Debt
Securities of such series, certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the Holder of this Debt Security
shall be conclusive and binding upon such Holder and upon all future Holders of
this Debt Security and other Debt Securities issued upon the registration of
transfer hereof or in exchange herefor or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Debt Security.

         No reference herein to the Indenture and no provision of this Debt
Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of, premium,
if any, and interest on this Debt Security at the times, places and rate, and in
the coin or currency, herein prescribed.

         As provided in the Indenture and subject to certain limitations therein
and herein set forth, the transfer of this Debt Security is registrable in the
Debt Security Register of the Company upon surrender of this Debt Security for
registration of transfer at the office or agency of the Company in any place
where the principal of, premium, if any, and interest on this Debt Security are
payable, duly endorsed by, or accompanied by a written instrument of transfer in
form satisfactory to the Company and the Debt Security Registrar duly executed
by, the Holder hereof or by his attorney duly authorized in writing, and
thereupon one or more new Debt Securities, of authorized denominations and for
the same aggregate principal amount, will be issued to the designated transferee
or transferees.

         As provided in the Indenture and subject to certain limitations therein
and herein set forth, this Debt Security is exchangeable for a like aggregate
principal amount of Debt Securities of different authorized denominations but
otherwise having the same terms and conditions, as requested by the Holder
hereof surrendering the same.

         The Debt Securities of this series are issuable only in registered form
without coupons in denominations of $1,000 and any integral multiple thereof.

         No service charge shall be made for any such registration of transfer
or exchange, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith.

         Prior to due presentment of this Debt Security for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Debt Security is registered as the owner
hereof for all purposes, whether or not his Debt Security be overdue, and
neither the Company, the Trustee nor any such agent shall be affected by notice
to the contrary.

                                      A-5
<PAGE>

         No recourse shall be had for the payment of the principal of or
premium, if any, or the interest on this Debt Security, or for any claim based
hereon, or otherwise in respect hereof, or based on or in respect of the
Indenture or any indenture supplemental thereto, against any past, present or
future stockholder, employee, officer or director, as such, of the Company or of
any successor, either directly or through the Company or any successor, whether
by virtue of any constitution, statute or rule of law or by the enforcement of
any assessment or penalty or otherwise, all such liability being, by the
acceptance hereof and as part of the consideration for the issue hereof,
expressly waived and released.

         The Indenture and the Debt Securities shall be governed by and
construed in accordance with the laws of the State of New York applicable to
agreements made and to be performed entirely in such State.

         Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused "CUSIP" numbers to be
printed on the Debt Securities of this series as a convenience to the Holders of
such Debt Securities. No representation is made as to the correctness or
accuracy of such CUSIP numbers as printed on the Debt Securities, and reliance
may be placed only on the other identification numbers printed hereon.

                                      A-6
<PAGE>

                                 ASSIGNMENT FORM

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
________________________________________________________________________________

(Please Print or Type Name and Address Including Zip Code of Assignee)

the within Debt Security of Devon Energy Corporation and hereby does irrevocably
constitute and appoint ______________________________________ Attorney to
transfer said security on the books of the within-named Corporation with full
power of substitution in the premises.

________________________________________________________________________________
(Please Insert Social Security or Other Identifying Number of Assignee)

Dated: _____________

                                                       _________________________

                                                       _________________________

                             SIGNATURE OF GUARANTEE

         Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of The Bank of New York, which requirements include
membership or participation in the Security Transfer Agent Medallion Program
("STAMP") or such other "signature guarantee program" as may be determined by
The Bank of New York in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934 as amended.

         NOTICE: The signature to this assignment must correspond with the name
as it appears on the first page of the within Debt Security in every particular,
without alteration or enlargement of any change whatever.

                                      A-7<PAGE>
                                                                     EXHIBIT 4.4

                           [DEVON ENERGY LETTERHEAD]

                                  NEWS RELEASE
--------------------------------------------------------------------------------

Investor contact: Zack Hager
                  (405) 552-4526

Media contact:    Brian Engel
                  (405) 228-7750

                 DEVON ENERGY ISSUES $1 BILLION OF 30-YEAR NOTES
                            TO REPLACE EXISTING DEBT

         OKLAHOMA CITY, (March 25, 2002) -- Devon Energy Corp. (AMEX: DVN, TSE:
NSX) today announced that it has issued $1 billion of 30-year notes. The 7.950
percent notes are due April 15, 2032.

          "We are very pleased to have issued these 30-year notes under such
attractive terms," said J. Larry Nichols, Devon's chairman, president and chief
executive officer. "By replacing shorter-term debt, we have significantly
extended our principal amortization schedule. We plan to defer principal
amortization even further by applying another $1 billion or so from the sales of
our non-core properties to debt repayment."

         The notes were priced at 220 basis points above Treasuries to yield
7.995 percent. Devon will receive net proceeds of approximately $986 million
after underwriting fees and expenses. Proceeds of the notes will be used to
repay debt Devon currently has outstanding under a five-year term loan and
commercial paper borrowings. Devon incurred a $3 billion five-year term loan to
fund portions of its recent acquisitions of Anderson Exploration Ltd. and
Mitchell Energy & Development Corp.

            This press release includes "forward-looking statements" as defined
by the Securities and Exchange Commission. Such statements are those concerning
the contemplated transactions and strategic plans, expectations and objectives
for future operations. All statements, other than statements of historical
facts, included in this press release that address activities, events or
developments that the company expects, believes or anticipates will or may occur
in the future are forward-looking statements. These statements are based on
certain assumptions made by the company based on its experience and perception
of historical trends, current conditions, expected future developments and other
factors it believes are appropriate in the circumstances. Such statements are
subject to a number of assumptions, risks and uncertainties, many of which are
beyond the control of the company. Investors are cautioned that any such
statements are not guarantees of future performance and that actual results or
developments may differ materially from those projected in the forward-looking
statements.

         Devon Energy Corporation is an Oklahoma City-based independent energy
company engaged in oil and gas exploration, production and property
acquisitions. Devon ranks among the top five U.S.-based independent oil and gas
producers and is included in the S&P 500 Index.

                                       ###

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