1 EXHIBIT 5.1 [MAYER, BROWN & PLATT LETTERHEAD] August 29, 2001 Devon Energy Corporation 20 North Broadway, Suite 1500 Oklahoma City, Oklahoma 73102 Re: Merger of Mitchell Energy & Development Corp. with and into Devon NewCo Corporation, a wholly owned subsidiary of Devon Energy Corporation Ladies and Gentlemen: We have acted as special counsel to Devon Energy Corporation, a Delaware corporation ("Devon"), in connection with the corporate proceedings taken and to be taken relating to the merger of Mitchell Energy & Development Corp., a Texas corporation ("Mitchell"), with and into Devon NewCo Corporation, a wholly owned subsidiary of Devon ("Merger Sub"), with Merger Sub being the surviving corporation (the "Merger"), and the conversion of each share of Mitchell Class A common stock, par value $0.10 per share, issued and outstanding at the effective time of the Merger into (i) the right to receive $31.00 in cash and (ii) 0.585 of a share of Devon common stock, par value $0.10 per share ("Devon Common Stock"). We have also participated in the preparation and filing with the Securities and Exchange Commission under the Securities Act of 1933, as amended, of a registration statement on Form S-4 (the "Registration Statement") relating to the Merger. In this connection, we have examined such corporate and other records, instruments, certificates and documents as we considered necessary to enable us to express this opinion. Based on the foregoing, it is our opinion that the Devon Common Stock has been duly and validly authorized by all necessary action on the part of Devon and when issued pursuant to the terms of the Agreement and Plan of Merger, dated as of August 13, 2001, by and among Devon, Merger Sub and Mitchell, will be validly issued, fully paid and non-assessable by Devon. We consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to us under the caption "Additional Information--Legal Matters" therein. Very truly yours, /s/ MAYER, BROWN & PLATT Mayer, Brown & Platt