UBS Raises price Target as Devon Energy (DVN) Announces Midland Sales
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Devon Energy Monetizes Non-Core Midland Assets for $858 Million; Increasing 2016 Capital Program $200 Million; Raising 2016 Production Outlook
June 15, 2016 4:05 PM EDTOKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) announced today it has entered definitive agreements to sell its remaining non-core assets in the Midland Basin for $858 million. These transactions include the Companys upstream assets in the southern Midland Basin and its undeveloped leasehold in Martin County, Texas. This brings total announced non-core transactions to $2.1 billion.
We are pleased to announce these highly accretive non-core divestitures, concluding our E&P sales process ahead of schedule, said Dave Hager, president and CEO. We anticipate our total non-core asset sales to... More
Devon Energy to Present at J.P. Morgan Inaugural Energy Equity Conference
June 15, 2016 10:40 AM EDTOKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) announced today that Dave Hager, president and chief executive officer, will present at the J.P. Morgan Inaugural Energy Equity Conference on Wednesday, June 29, 2016, at 11:20 a.m. ET.
The event will be... More
