Devon Energy Announces $553 Million Sale of Johnson County Assets
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“Combined with other recent asset sales, divestiture proceeds associated
with our 2020 Vision have now reached
Net production from the southern Barnett divestiture assets, which
reside primarily in Johnson County, are currently averaging 200 million
cubic feet of gas-equivalent per day. Field-level cash flow accompanying
these assets, which excludes overhead costs, is expected to be
approximately
The company’s remaining position in the
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 delay or failure to consummate the transaction due to unsatisfied
closing conditions or otherwise; the amount of proceeds received due to
purchase price adjustments and other factors, and the ultimate use of
those proceeds; 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
Chris Carr, 405-228-2496
Media Contact
John
Porretto, 405-228-7506