Thursday, November 4, 2010

Devon Might Sell More Haynesville Acreage

Devon Energy held its third quarter earnings call today. There was little discussion about its Haynesville Shale activities - because Devon has done little to develop its acreage - but management did mention that it was considering selling a portion of its less profitable acreage, up to 17,000 acres.  Last week, the company announced that it had farmed out 5,470 net acres to Sun River Energy.

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