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United States

Devon Energy Corp (DVN.N)

DVN.N on New York Stock Exchange

37.75USD
22 Jul 2016
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$0.42 (+1.13%)
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Thu, Jul 14 2016

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Devon sells Alberta pipeline stake to CPPIB-backed company

Devon Energy Corp will sell its 50 percent stake in a pipeline in Western Canada for $1.1 billion to a midstream oil and gas company backed by the Canada Pension Plan Investment Board, completing its divestiture plan announced in December.

UPDATE 3-Devon sells Alberta pipeline stake to CPPIB-backed company

* Completes divestiture plan with $3.2 bln in proceeds (Adds shares, details)

BRIEF-Devon to sell Western Canada pipeline stake to CPPIB for $1.1 bln

* Devon Energy monetizes access pipeline for CAD $1.4 billion (USD $1.1 billion); additional CAD $150 million (USD $120 million) payment with future expansion

Devon to sell Western Canada pipeline stake to CPPIB for $1.1 bln

July 14 U.S. oil and natural gas producer Devon Energy Corp said it will sell its 50 percent stake in Access Pipeline in Western Canada to Wolf Midstream Inc, a portfolio company of Canada Pension Plan Investment Board (CPPIB), for $1.1 billion.

Canada Pension Plan close to Devon Energy deal -Bloomberg

TORONTO, July 12 Wolf Infrastructure, a midstream oil and gas firm backed by the Canada Pension Plan Investment Board, is close to buying Devon Energy Corp's 50 percent stake in the Access Pipeline in Western Canada, Bloomberg reported on Tuesday.

Devon sells Texas land to Pioneer, undisclosed buyer for $858 million

HOUSTON U.S. shale oil producer Devon Energy Corp said on Wednesday it would sell Texas acreage to Pioneer Natural Resources Co and an undisclosed buyer for $858 million, as the pace of asset sales picks up on recovering oil prices.

UPDATE 1-Devon sells Texas land to Pioneer, undisclosed buyer for $858 mln

HOUSTON, June 15 U.S. shale oil producer Devon Energy Corp said on Wednesday it would sell Texas acreage to Pioneer Natural Resources Co and an undisclosed buyer for $858 million, as the pace of asset sales picks up on recovering oil prices.

BRIEF-Devon Energy monetizes non-core midland assets for $858 mln

* Devon energy monetizes non-core Midland assets for $858 million; increasing 2016 capital program $200 million; raising 2016 production outlook

Devon sells Texas land to Pioneer, undisclosed buyer for $858 mln

HOUSTON, June 15 U.S. shale oil producer Devon Energy Corp said on Wednesday it would sell Texas acreage to Pioneer Natural Resources Co and an undisclosed buyer for $858 million.

BRIEF-Devon energy declares qtrly cash dividend

* Declared A Quarterly Cash Dividend On Devon's Common Stock For Q3 Of 2016

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