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Natural Gas Makes Resurgence In A&D As Prices Remain Stable

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By Darren Barbee, Hart Energy
July 3, 2014

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 ...

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