Lowe played with Edmonton from 1979 to 1992, and then again from 1996 to 1998, winning five Stanley Cups with the team, and scored the first NHL goal in Oilers history.
Edmonton saw its win total drop to 32; however, it earned 88 points, the team's highest point total since the Stanley Cup-winning 1989–90 season, and qualified for the playoffs for the fourth-straight season, finishing in seventh place in the Western Conference.
Offensively, newly named captain Doug Weight rebounded from his injury-plagued 1998–99 season and led the club with 51 assists and 72 points.
The Oilers opened the playoffs against the Dallas Stars, the fourth-straight season that these teams faced each other.
Note: CR = Conference rank; GP = Games played; W = Wins; L = Losses; T = Ties; OTL = Overtime loss; GF = Goals for; GA = Goals against; PIM = Penalties in minutes; Pts = Points Bolded teams qualified for the playoffs.