Devon to sell oil and gas assets to Linn Energy for $2.3 bln

June 30 Mon Jun 30, 2014 9:13am EDT

June 30 (Reuters) - Devon Energy Corp said it would sell all of its non-core U.S. oil and gas properties to Linn Energy for $2.3 billion.

The deal includes properties in the Rockies, onshore Gulf Coast, and Mid-Continent regions, which produces 275 million cubic feet of gas equivalent per day, the company said.

About 80 percent of these assets is natural gas. (Reporting by Anannya Pramanick in Bangalore; Editing by Don Sebastian)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.