In less than a year, Devon Energy Corp. (NYSE: DVN) has reshaped its existence and sits atop a cache of Eagle Ford oil.
But part of that transformation was built on the back of Devon unloading its noncore gas assets.
Most recently, and in a concluding moment for this chapter of Devon’s history, it dealt away natural gas assets to Linn Energy LLC (NASDAQ: LINE) and LinnCo LLC (NASDAQ: LNCO) for $2.3 billion in late June.
Natural gas’ mini-resurgence continues.
Despite lower prices in July because of cooler temperatures, what ...