April 21, 2016

Devon Energy Announces Sale of Non-Core Mississippian Assets

OKLAHOMA CITY–(BUSINESS WIRE)– Devon Energy Corp. (NYSE:DVN) announced today it has entered into a definitive agreement to sell its non-core Mississippian assets in northern Oklahoma to White Star Petroleum, LLC for $200 million. The transaction is subject to customary terms and conditions and is expected to close in the second quarter of 2016 with an effective date of Jan. 1, 2016. “This is another important step in executing on our