Deals - Joint Ventures | Partnerships
Dow Chemical Signs $75 Million JV with Devon For Barnett Gas
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Devon announced it has signed a $75 million 5 year agreement with Dow Chemical for access to the Barnett Shale gas a product used by Dow for plastics.
Here is what the company said
"Devon will monetize half its working interest across 116 gross undrilled locations for an approximate $75 million payment from Dow spread over the next five years. With this agreement, Devon will also drill and operate up to 24 wells per year, with volumes dedicated to the EnLink gathering and processing infrastructure."
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