Devon Energy Announces $1.3 Billion Agreement with Maersk Oil in First of Planned Gulf of Mexico and International Divestitures
December 22nd, 2009OKLAHOMA CITY, Dec. 22 /PRNewswire-FirstCall/ –Devon Energy Corporation (NYSE: DVN) today announced it has agreed to sell its interests in three Lower Tertiary development projects in the Gulf of Mexico to Maersk Oil for $1.3 billion. The agreement covers Devon’s 50-percent working interest in the Cascade project and its 25-percent working interests in the Jack [...]