Devon Energy (DVN) to Sell Remaining, non-Core Midland Basin Assets; Boosts FY16 Production Guidance

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/23/2026

1. IBM
2. PRIM
3. META
4. NAVN
5. CNC
6. KFY
7. ABBV
8. MU
9. DPZ
10. PLTR

Go back to Devon Energy (DVN) to Sell Remaining, non-Core Midland Basin Assets; Boosts FY16 Production Guidance

Devon Energy Monetizes Non-Core Midland Assets for $858 Million; Increasing 2016 Capital Program $200 Million; Raising 2016 Production Outlook

June 15, 2016 4:05 PM EDT

OKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) announced today it has entered definitive agreements to sell its remaining non-core assets in the Midland Basin for $858 million. These transactions include the Companys upstream assets in the southern Midland Basin and its undeveloped leasehold in Martin County, Texas. This brings total announced non-core transactions to $2.1 billion.

We are pleased to announce these highly accretive non-core divestitures, concluding our E&P sales process ahead of schedule, said Dave Hager, president and CEO. We anticipate our total non-core asset sales to... More

Devon Energy to Present at J.P. Morgan Inaugural Energy Equity Conference

June 15, 2016 10:40 AM EDT

OKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) announced today that Dave Hager, president and chief executive officer, will present at the J.P. Morgan Inaugural Energy Equity Conference on Wednesday, June 29, 2016, at 11:20 a.m. ET.

The event will be... More