U.S. oil and gas producer Devon Energy Corp. said Dec. 18 it expects to take a non-cash pretax charge of $650 million to $750 million in the fourth quarter related to the sale of its assets in the Barnett Shale in North Texas.

The company agreed a day prior to sell the assets to Kalnin Ventures LLC for $770 million and also announced a new $1 billion share repurchase program.


Devon Energy To Exit Barnett Shale In $770 Million Sale