Devon Energy Announces $215M Sale of Non-Core Delaware Basin Acreage

Vinson & Elkins advised Devon Energy Corp. in connection with its definitive agreement to sell 9,600 net acres of non-core Delaware Basin acreage in Ward and Reeves County to Carrizo Oil and Gas for $215 million.

Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas.

The V&E corporate team was led by partner John B. Connally with assistance from senior associate Joclynn Townsend and associate Erin Mitchell. Also advising were partner Todd Way and senior associate Julia Pashin; partner Larry Nettles; and partner Ramey Layne and senior associate Crosby Scofield.

For more information, please speak with our media contacts.

Key Contacts

Partner

John B. Connally IV

+1.713.758.3316

jconnally@velaw.com

Related Insights

Event

Women's Energy Network - North Texas Chapter's Leadership Series

Webcast

October 8, 2020 and October 22, 2020
CLE Event

Navigating Post-Covid Diligence Issues in M&A Transactions

September 24, 2020
CLE Credit
Event Recap

The Consolidation Wave – A Continuing Trend with Energy Companies

September 10, 2020
Video
Event Recap

COVID-19 and What You Need to Know About the Impact on the Renewable and Traditional Energy Sectors

September 9, 2020