Devon Energy Completes Sale of Barnett Shale Assets

OKLAHOMA CITY, Oct. 01, 2020 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today announced that it has completed the sale of its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV).
Devon received a cash payment of $320 million from BKV at closing, after adjusting for a $170 million deposit received in April and purchase-price adjustments that, among other things, allocate
revenues