Ponca City, OK

Now: 88 °F

Currently: Fair

Hi: 91 °F | Lo: 72 °F

Thursday

Hi: 93 °F 

Lo: 74 °F

Friday

Hi: 96 °F 

Lo: 73 °F

Saturday

Hi: 95 °F 

Lo: 72 °F

Sunday

Hi: 93 °F 

Lo: 71 °F

Monday

Hi: 92 °F 

Lo: 71 °F

Devon selling Canadian assets

The Associated Press - May 30, 2019 10:50 am

CALGARY, Alberta (AP) – Devon Energy says it is selling nearly all of its assets in Canada to Canadian Natural Resources for $2.8 billion.

The Oklahoma City-based oil and gas company included in the S&P 500 put its Canadian assets up for sale in February in a plan to focus on growth from wells drilled in U.S. shale fields.

The deal is expected to close June 27. Officials with Calgary-based Canadian Natural Resources say Devon’s “high-quality” assets will provide further balance to their production profile.

Devon’s exit from Canada follows recent asset sales there by foreign companies, including Norway’s Statoil, France’s Total SA, El Dorado, Arkansas-based Murphy Oil, and Houston-based ConocoPhillips.

 

Latest Stories

ODOC investigating potential homicide of Davis Correctional Facility inmate

HOLDENVILLE, Okla. — The Oklahoma Department of Corrections is investigating the potential homicide of an inmate at...

Hospice of North Central Oklahoma hosting Lunch Bunch

Hospice of North Central Oklahoma hosts a Lunch Bunch at 11:30 a.m. on the first and...

Enid halfway house contract ending; inmates to be moved

ENID, Okla. — A halfway house in Enid contracted by the Oklahoma Department of Corrections will soon...