HOUSTON, March 25 (Reuters) - U.S. shale producer Devon

Energy ( DVN ) will not react quickly to the jump in oil prices

and will instead focus on long-term price signals, its CEO Clay

Gaspar said on Wednesday at the CERAWeek energy conference in

Houston.

Here are some details:

* "We will not be oversteering on near-term signals," Devon

CEO Clay Gaspar said on the sidelines of the conference, nor

will it react to front-month prices, he added.

* Front-month U.S. crude futures traded as high as $119 a

barrel on March 9, highest since June 2022, after U.S.-Israeli

strikes on Iran on February 28 led to the closure of the key

Strait of Hormuz waterway.

* "It's incredibly important that we keep a steady hand in

these kinds of times. We're looking at the back end of the curve

and not looking at front-months," Gaspar said.

* Devon Energy ( DVN ) is expected to close its merger with Coterra

Energy ( CTRA ) in the second quarter of 2026, making it the

largest independent U.S. producer.

* Oil prices above $100 a barrel will not trigger a

meaningful rise in U.S. output unless they stay elevated for

more than a quarter, shale executives said at CERAWeek.

(Reporting by Georgina McCartney in Houston)