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Devon Sells Johnson County/Barnett Shale Asset

Announced Date
March 08,2018
Deal Value $
Location Count
Transaction Type
Source Documents:
   Source Link
Mid-Continent - North Texas

United States


Johnson ,Tarrant ,Hood ,Parker


Production & Reserves
200 Mmcfe/d

Production Mix
100 % Gas

1 Tcfe (1P)


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:

       . Net Acres : 146,100
  • 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.







Other Mid-Continent - North Texas Region's Deals

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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

Price History

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 - -

Other Devon Energy Corp Deals

Announced DateBuyerSellerDeal Value($mm)LocationCategory
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

Other Fleur De Lis Energy Llc (FDL) Deals

Announced DateBuyerSellerDeal Value($mm)LocationCategory
Apr-01-2015 - - Click here Wyoming  E&P
Oct-03-2014 - - Click here Texas  E&P