Devon Energy Announces Additional $1 Billion of Upstream Asset Sales
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“Combined with other recent asset sales, we have now announced
Transaction Details
The largest transaction is an agreement to divest upstream assets in
east
In a separate transaction, the Company agreed to sell its non-core
position in the Anadarko Basin’s Granite Wash area for
In the northern
Remaining Divestiture Assets
The Company continues to progress toward monetizing other non-core
upstream assets in the
Additionally, Devon is in advanced negotiations to sell its 50 percent
interest in the Access Pipeline in
About
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws. Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are beyond
the control of the Company. These risks include, but are not limited to:
the failure to consummate the transactions due to unsatisfied closing
conditions or otherwise; the timing, amount of proceeds and ultimate
success of divesting the Company’s other non-core assets; and the other
risks identified in the Company’s Annual Report on Form 10-K and its
other filings with the
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Source:
Devon Energy Corp.
Investor Contacts
Howard Thill,
405-552-3693
Scott Coody, 405-552-4735
Chris Carr, 405-228-2496
Media
Contact
John Porretto, 405-228-7506