Devon Energy Corp.

NYSE:DVN   3:59:59 PM EDT
-0.55 (-5.88%)
Debt Financing / Related, Divestitures / Spin-offs

Devon Energy Completes Sale Of Barnett Shale Assets

Published: 10/02/2020 01:26 GMT
Devon Energy Corp (DVN) - Devon Energy Completes Sale of Barnett Shale Assets.completed Sale of Its Assets in Barnett Shale to Banpu Kalnin Ventures.
Received a Cash Payment of $320 Million From Bkv at Closing.
Sale Agreement With Bkv Provides Devon Opportunity for Contingent Cash Payments of Up to $260 Million.
Contingent Payment Period Commences on Jan.
1, 2021 and Has a Term of Four Years.