Devon Sells Johnson County/Barnett Shale Asset
Transaction Details:
Devon Energy has agreed to sell the southern portion of its Barnett Shale assets for $553 million to an undisclosed buyer.
Asset Details:
- Location: Primarily in Johnson County, Texas
- Net Production: 200 Mmcfe/d
Remaining Position
The company's remaining position in the Barnett Shale primarily resides in Denton, Wise and Tarrant counties, with current production of 680 million cubic feet of gas-equivalent per day. This position contains an inventory of approximately 1,500 potential locations, consisting of undrilled inventory and horizontal refrac opportunities.
J.P. Morgan Securities LLC acted as the financial advisor to Devon on the transaction. Vinson & Elkins LLP acted as legal advisor to Devon.
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Jul-28-2022 | - | - | Click here | Texas | E&P |
May-19-2022 | - | - | Click here | Texas | E&P |
Dec-18-2019 | - | - | Click here | Texas | E&P |
Sep-13-2019 | - | - | Click here | Louisiana | E&P |
Feb-25-2019 | - | - | Click here | Texas | E&P |
Date | Deal Headline | Price | $/acre |
---|---|---|---|
May-19-2022 | Exxon to Sell Barnett Shale Portfolio to BKV for $750 Million | - | - |
Dec-18-2019 | Devon Sells Barnett Shale Assets to Kalnin for $830 Million | - | - |
Sep-26-2016 | Rice Acquires Rival Vantage Energy for $2.7 Billion; Marcellus, Utica, Barnett Assets | - | - |
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Aug-09-2022 | - | - | Click here | Texas | E&P |
Jun-08-2022 | - | - | Click here | North Dakota | E&P |
Dec-29-2020 | - | - | Click here | Wyoming | E&P |
Sep-28-2020 | - | - | Click here | New Mexico | E&P |
Dec-18-2019 | - | - | Click here | Texas | E&P |
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Apr-01-2015 | - | - | Click here | Wyoming | E&P |
Oct-03-2014 | - | - | Click here | Texas | E&P |