Devon Energy Announces Amended Barnett Shale Asset Sale Agreement
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.devonenergy.com/investors/events-presentations/default.aspx
Company Research
Source: GlobeNewswire
OKLAHOMA CITY, April 14, 2020 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) and Banpu Kalnin Ventures (BKV) today announced an amendment to the existing terms of their Barnett Shale purchase and sale agreement. Under the amended terms, Devon has agreed to sell its Barnett Shale assets to BKV for up to $830 million of total proceeds, consisting of $570 million in cash at closing and contingent payments of up to $260 million. With the amended terms, Devon will receive an increased deposit of $170 million from BKV, and the scheduled closing date for the transaction is extended from April 15, 2020 to Dec. 31, 2020. The closing payment is subject to customary purchase price adjustments that, among other things, allocate revenues and expenses based on a Sept. 1, 2019, effective date. The agreement also provides for contingent cash payments of up to $260 million based upon future commodity prices, with upside participation beginning at either a $2.75 Henry Hub natural gas price or a
Show less
Read more
Impact Snapshot
Event Time:
DVN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DVN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DVN alerts
High impacting Devon Energy Corporation news events
Weekly update
A roundup of the hottest topics
DVN
News
- Devon Energy (NYSE:DVN) had its price target lowered by analysts at Johnson Rice from $70.00 to $62.00. They now have a "buy" rating on the stock.MarketBeat
- Devon Energy (NYSE:DVN) had its price target raised by analysts at Raymond James Financial, Inc. from $42.00 to $44.00. They now have an "outperform" rating on the stock.MarketBeat
- Devon Energy (NYSE:DVN) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Devon Energy (NYSE:DVN) was upgraded by analysts at Argus to a "strong-buy" rating.MarketBeat
- Devon Energy (NYSE:DVN) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
DVN
Earnings
- 11/5/25 - Beat
DVN
Sec Filings
- 11/24/25 - Form 4
- 11/6/25 - Form 10-Q
- 11/5/25 - Form 8-K
- DVN's page on the SEC website