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Devon Energy Announces Additional $1 Billion of Upstream Asset Sales

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OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today it has entered into definitive agreements with undisclosed parties to monetize nearly $1 billion of non-core upstream assets in east Texas, the Anadarko Basin and an overriding royalty interest in the northern Midland Basin. These transactions are subject to customary terms and conditions and are expected to close in the third quarter of 2016. The Company expects to incur minimal taxes associated with these transacti


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