Source: Business Wire

Press Release: Access Pipeline : Devon Energy Monetizes Access Pipeline for CAD $1.4 Billion (USD $1.1 Billion); Additional CAD $150 Million (USD $120 Million) Payment with Future Expansion

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today announced that it has entered into a definitive agreement to sell its 50 percent ownership interest in Access Pipeline to Wolf Midstream Inc., a portfolio company of Canada Pension Plan Investment Board, for CAD $1.4 billion, or USD $1.1 billion, using current exchange rates. The agreement also includes the potential for an incremental CAD $150 million payment with the sanctioning and development of a new thermal-oil project o

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Est. Annual Revenue
$5.0-25M
Est. Employees
100-250
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