6 Feb 2014 More

Devon Energy to Sell Off Canadian Assets

posted by Brown Books @ 11:02 0 Comments

Devon Energy headquarters in Oklahoma

The Oklahoma-based Devon Energy Corp. announces that it will be selling off $2.8 billion of its conventional assets in Canada.  The deal comes on the heels of the company’s new $6 billion investment in Texas’ Eagle Ford shale project.

 

“This agreement represents a significant step forward in the execution of our non-core divestiture process,” says Devon CEO John Richels.  “Furthermore, the timely execution of the largest piece of our non-core divestiture process accelerates the refocus on core assets.” 

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