Barnett Exclusives

Devon Energy To Sell Barnett Shale Chunk For $553 Million

The sale of the southern portion of Devon’s Barnett Shale position pushes the Oklahoma City-based company past its $1 billion divestiture goal, CEO Hager says.

Devon, Dave Hager, cash flow, M&A, Eagle Ford, Delaware, Stack, Penn Viriginia, Niobrara

Devon Energy CEO Dave Hager said the industry in general, Devon included, has not delivered acceptable returns to investors.

Rice Energy, Marcellus Shale, Utica, Greene County, Pennsylvania, West Virginia

Rice remains involved in “a lot of moving and shaking” for a company set to be acquired by EQT Corp. in the fourth quarter, an analyst said.

Barnett Gross Acreage

CompanyNet Acreage
Devon Energy600,000
EOG Resources298,000
Chesapeake Energy215,000
All Top Acreage Holders