Under the deals, Devon will sell to "undisclosed parties" several of its non-core upstream assets in east Texas, the Anadarko basin and an overriding royalty interest in the northern Midland basin.
Under the largest transaction, Devon agreed to divest upstream assets in east Texas for $525 million. Net production from these properties averaged 22,000 barrels of oil equivalent per day in the first quarter of 2016, and, at the end of last year, proved reserves associated with these properties amounted to approximately 87 million boe,Devon said.
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