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Devon Energy Sells Noncore Domestic Assets

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June 30, 2014

Devon Energy Corp. (NYSE: DVN) will sell all of its domestic noncore oil and gas properties to Linn Energy LLC (NASDAQ: LINE) for $2.3 billion, the company said June 30. The assets include properties in the Rockies, onshore Gulf Coast and Midcontinent, Devon added.

“With the sale of our remaining noncore assets, the portfolio transformation that we announced late last year is now complete,” said John Richels, president and CEO.

“In a short period of time we transformed our portfolio through three significant steps: the accretive Eagle Ford entry, the ...

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