Devon Energy Corp. could now potentially receive up to $60 million more for its Barnett Shale assets as part of amended deal terms, the company said in an April 14 release.

The Oklahoma City-based shale producer previously said it would sell its Barnett Shale assets for $770 million in an agreement announced in December. The sale, which would mark Devon exit from the Barnett, would complete the company’s transformation to focus only on high-return oil assets.

As part of the amended terms, Kalnin Ventures LLC, a gas-focused investment company backed by Thailand’s Banpu Pcl, agreed to pay up to $830 million for Devon’s Barnett assets. Payment is now comprised of a $570 million cash at closing plus contingent payments of up to $260 million based on future commodity prices.

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