Devon sells 30% of Texas Shale stake to Japanese firm
Sumitomo to pay $1.4 B for Devon Energy's Texas Shale stake..Okla o&G co Devon Energy Corp has sold a 30% stake in two Texas shale plays totalling roughly 650,000 acres to Japanese Conglomerate announced Wednesday.
I do not know which shale plays they sold off...but I do know that a Japanese firm owns 20% of Samson bought thru KKR. BHP owns Petrohawk shale stake.
How long will it be before most of shale is owned by foreign firms? What does this mean for Shale lease holders?
Views: 991
Replies to This Discussion
-
Permalink Reply by little ole 1st grade teacher on
-
I read where this was in the Permian Basin area of Texas.
-
Permalink Reply by little ole 1st grade teacher on
-
Sumitomo Corporation signed an agreement with Devon Energy Corporation to participate for 30% in Devon's tight oil development project in the Permian Basin in Texas.
- ‹ Previous
- 1
- 2
- Next ›
Support GoHaynesvilleShale.com
Top Content
Not a member? Get our email.
Groups
-
Natchitoches Parish
399 members
-
Cass County, TX
119 members
-
Franklin County, Texas
8 members
-
San Augustine, TX
386 members
-
Rusk County
97 members
-
Vernon Parish
59 members
-
Bienville Parish, LA
242 members
-
Sabine County, Texas
172 members
-
Sabine Parish, LA
455 members
-
Angelina County, TX
87 members
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
