Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • Devon Energy Announces $340 Million of Non-Core Asset Sales
    édité le 31/07/2017 - Plus de news de "DEVON ENERGY" - Voir la fiche entreprise de "DEVON ENERGY"


Devon Energy Announces $340 Million of Non-Core Asset Sales
Devon Energy Corp. announced today it has entered into a definitive agreement to monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its U.S. operations, proceeds from the company’s recently announced $1 billion divestiture program have now reached $340 million. The Lavaca County transaction is subject to customary terms and conditions and is expected to close by the end of 2017.

“These highly-accretive asset sales are an important step in executing on our $1 billion divestiture program over the next year,” said Dave Hager, president and CEO. “The divestiture proceeds will further strengthen our investment-grade financial position and provide us additional flexibility to build operational momentum across our top-tier U.S. resource plays.”

In aggregate, net production from the divested properties averaged approximately 4,000 oil-equivalent barrels (Boe) per day (60 percent oil). Field-level cash flow accompanying these assets, which excludes overhead costs, is projected to approximate $30 million annually. Proved reserves associated with these properties amounted to less than 10 million Boe at Dec. 31, 2016. The company expects to incur minimal taxes associated with these transactions.

Efforts to monetize Devon’s Johnson County properties in the Barnett Shale are progressing. The Johnson County assets represent approximately 20 percent of the company’s Barnett Shale net production and cash flow. Devon is actively marketing these assets and expects to complete its non-core divestiture program over the next year.

RBC Richardson Barr acted as a financial advisor to Devon on the Lavaca County transaction.

About Devon Energy

Devon Energy (NYSE: DVN) is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and included in the S&P 500, Devon operates in several of the most prolific oil and natural gas plays in the U.S. and Canada with an emphasis on a balanced portfolio. The company is the second-largest oil producer among North American onshore independents.


Origine : Communiqué DEVON ENERGY

Voir la fiche entreprise de "DEVON ENERGY"



Les dernières news de "DEVON ENERGY"

 
 
 
Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi acquisition adnoc aker-bp aker-solutions algeria algerie algerie alstom anadarko angola apache australia axens baker-hughes bechtel bg-group bp brazil canada carburant cbi cgg cheniere chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt engie engineering eni equinor equinor exxonmobil feed flng fluor fluxys foster-wheeler fpso france fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge germany gnl gtt gulf-of-mexico guyana hess hydrogen india indonesia inpex iraq italy kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott methanier mexico mozambique natural-gas neptune-energy netherlands nigeria nigeria north-sea norway novatek offshore oil oman omv opec orlen pemex petrobras petrofac petronas pgnig pipeline platform poland production qatar qatar-petroleum raffinerie refinery repsol rig rosneft russia rwe saipem santos saudi-arabia saudi-aramco schlumberger selling senegal shell socar sonatrach statoil subsea subsea-7 survey technip technipfmc texas total totalenergies transocean tullow turbine uae ufip uk us vopak well wintershall wintershall-dea wood-group woodside



Europétrole © 2003 - 2024