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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.

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For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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