Devon Energy CEO Rick Muncrief
Rick Muncrief, the CEO of Devon Energy, is no stranger to stock market pundit Jim Cramer’s CNBC show, Mad Money, having appeared numerous times to offer his insights on the energy industry, specifically as it pertains to the oil and gas sector. Most recently, Muncrief appeared on the August 7th episode, responding to Cramer’s rapid fire questions in his slow, steady baritone, providing facts and figures to support his commentary on the state of the industry. While the two men seemingly couldn’t be more different in personality and demeanor, they are, in fact, friendly in real life.
“He wanted some time after we finished the live interview the other day,” Muncrief says during our conversation a week later. “We took a couple of minutes offline and talked about trying to plan a trip back. I told Jim we’re not getting any younger, so I’d love to take him to see the Williston Basin today versus the early days, when we were producing about 300,000 barrels of oil per day.1 I told him then that it was just a matter of time before North Dakota passed Alaska in production. He was incredulous how that could possibly happen. And I think North Dakota is probably producing three times what Alaska is now, so it’s just been a phenomenal ride in this industry.”
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