Devon Energy Announces Agreement with Dow to Develop STACK Acreage
Vinson & Elkins advised Devon Energy Corp. in connection with its agreement with Dow to jointly develop a portion of the company’s STACK acreage in central Oklahoma. Under this agreement, Devon will monetize half of its working interest in 133 undrilled locations in exchange for approximately a $100 million drilling carry over the next four years.
The V&E corporate team was led by partner Mingda Zhao with assistance from partner John B. Connally, senior associate Emery Choi and associates Michael Zarcaro, Robert Vezina and Torie Berkowitz. Also advising were partners Todd Way and Gary Huffman and associates Emily Fawcett and Tanner McClellan; counsel Damien Lyster and associate Andrew DeVore; and partner Larry Nettles.
About Vinson & Elkins
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 www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
For more information, please speak with our media contacts.