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<a href="http://www.accessmylibrary.com/coms2/summary_0286-13539111_ITM" title="Facts and information about Devon Energy in $1bn-plus asset divestment.">Devon Energy in $1bn-plus asset divestment.</a>
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Devon Energy in $1bn-plus asset divestment.
(From Lloyds List)
Byline: Edited by Martyn Wingrove
Energy Briefing
OKLAHOMA company Devon Energy is looking to raise $1bn-$1.5bn from its US onshore and offshore oil asset divestment programme to focus on deepwater and international operations.
The oil and gas properties have a combined production of 100,000 barrels of oil equivalent a day and reserves of 165m boe.
At the same time, Devon will list on the New York Stock Exchange and begin a share buyback programme.
It is at present listed on the American Stock Exchange.
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