Devon Energy (DVN) Announces $2.5B Acquisition of Certain Assets

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Go back to Devon Energy (DVN) Announces $2.5B Acquisition of Certain Assets

Devon Energy Sharpens Focus on Core Assets

December 7, 2015 6:00 AM EST

Agrees to acquire premier oil-focused leasehold in STACK and Powder River Basin plays Creates industry-leading positions in best emerging oil development plays in North America Adds thousands of high-quality drilling locations with substantial resource upside Commences divestiture program with targeted proceeds of $2 to $3 billion Proceeds from asset sales to bolster financial position

OKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) today announced it has agreed to acquire 80,000 net... More