Tag Archives: pds drilling

Devon to Sell Oil and Gas Assets for Almost $1 Billion

Devon Energy Corp., the energy producer that’s targeted $3 billion of asset sales to fund drilling and lower debt, agreed to sell fields in Texas and Oklahoma and a royalty interest in the northern Midland Basin for almost $1 billion to undisclosed buyers. The largest transaction was for reserves in East Texas for $525 million, the Oklahoma City-based oil and… (more…)