Devon Energy Deals Central Basin Platform Assets For $191 Million

Devon Energy Corp. (NYSE: DVN) has apparently sold its Central Basin Platform (CBP) assets located in the Permian Basin to Stronghold Energy II for $191 million, according to a notice on RBC Richardson Barr’s website. 

The notice, dated January 2019, said Devon “has divested certain oil and gas properties.” The deal had been pending as early as Jan. 24. No further details were available, including whether the parties had reached an agreement or had closed the deal.