🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

CORRECTED-BRIEF-Devon Energy announces sale of non-core Mississippian assets

Published 2016-04-20, 10:11 a/m
© Reuters.  CORRECTED-BRIEF-Devon Energy announces sale of non-core Mississippian assets
DVN
-

(Corrects headline and first bullet to say co "announces sale
of non-core Mississippian assets", not "on track to complete
sale"; Corrects fourth bullet to add dropped words)
April 20 (Reuters) - Devon Energy Corp (NYSE:DVN) DVN.N :
* Devon Energy announces sale of non-core Mississippian
assets
* Entered into definitive agreement to sell its non-core
Mississippian assets in Northern Oklahoma to White Star
Petroleum LLC for $200 million
* Divestiture process for company's remaining non-core
assets is ongoing
* Is marketing its 50 percent interest in access pipeline in
Canada and anticipates an announcement in first half of 2016
* Says overall, Devon remains on track to complete its $2
billion to $3 billion of non-core divestitures by year end
* Efforts to monetize remaining upstream assets in U.S. are
also progressing

Source text for Eikon:
Further company coverage: DVN.N

(Bengaluru Newsroom: +1-646-223-8780)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.