Devon Energy Announces $340 Million of Non-Core Asset Sales
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“These highly-accretive asset sales are an important step in executing
on our
In aggregate, net production from the divested properties averaged
approximately 4,000 oil-equivalent barrels (Boe) per day (60 percent
oil). Field-level cash flow accompanying these assets, which excludes
overhead costs, is projected to approximate
Efforts to monetize Devon’s Johnson County properties in the
RBC
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 transaction 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 Corporation
Investor Contacts
Scott
Coody, 405-552-4735
Media Contact
John Porretto,
405-228-7506
Chris Carr, 405-228-2496