One-Page Deal Sheet
Devon Sells Johnson County/Barnett Shale Asset
Fleur De Lis Energy Llc (FDL) Devon Energy Corp
Announced Date
March 08,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
553
Asset/Basin:
{"Barnett Shale"}
TargetZones:
{"Barnett Shale"}
Net Acres
146,100
Proved Reserves
1 Tcfe
Source Documents:
Location
Region
Mid-Continent - North Texas
Country
United States
State
Texas
County
Johnson ,Tarrant ,Hood ,Parker
Play
Production & Reserves Production
200 Mmcfe/d
Production Mix
100 % Gas
Reserves
1 Tcfe (1P)
Transaction Details:
Devon Energy has agreed to sell the southern portion of its Barnett Shale assets for $553 million to an undisclosed buyer.
Asset Details:
. Net Acres : 146,100
- Location: Primarily in Johnson County, Texas
- Net Production: 200 Mmcfe/d
Remaining Position
The company's remaining position in the Barnett Shale primarily resides in Denton, Wise and Tarrant counties, with current production of 680 million cubic feet of gas-equivalent per day. This position contains an inventory of approximately 1,500 potential locations, consisting of undrilled inventory and horizontal refrac opportunities.
J.P. Morgan Securities LLC acted as the financial advisor to Devon on the transaction. Vinson & Elkins LLP acted as legal advisor to Devon.
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Aug-12-2025 |
-  |
- |
Click here | Texas | E&P |
| 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 |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Aug-12-2025 | BKV Acquires More Barnett Shale Assets | - |
- |
| 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 | - |
- |