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.
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