✉news EnvironmentEnergy first seen 1 d ago, last 1 d ago, peak #37
Devon Energy sells Eagle Ford assets for $4.2 billion
Original: Devon sheds Eagle Ford assets for $4.2 billion to deepen Permian bet
Devon Energy has agreed to sell its Eagle Ford assets for $4.2 billion, sharpening its focus on the Permian Basin. The deal marks a major portfolio shift for the Oklahoma-based producer as it concentrates capital on its most productive shale holdings, reinforcing the industry's broader pivot toward the Permian.
Why now: A major $4.2 billion asset sale by a leading US shale producer signals continued consolidation and Permian-focused strategy in the oil industry.
Devon EnergyEagle FordPermian Basin
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