Devon Energy To Exit Barnett Shale In $770 Million Sale

Transaction Type
Barnett Shale
Announce Date
Post Date
Close Date
Estimated Price

Acquired Devon’s Barnett position, which includes over 320,000 gross acres and 4,200 producing wells in N TX that average 597 MMcfe/d of net production in 3Q 2019; proved reserves at YE 2018 were about 4 Tcfe; amended terms made April 14 includes lower cash closing payment and addition of contingency payments.