[SMM Flash News] Devon Energy Weighs Sale of US Shale Assets Worth Over US$4 Billion

Published: Jul 30, 2026 00:01

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US oil and gas producer Devon Energy is reportedly considering the sale of its Eagle Ford and Powder River shale assets in a deal that could be worth more than US$4 billion, according to Bloomberg. The potential divestment comes amid investor pressure to streamline the company's portfolio following its merger with Coterra Energy and sharpen its focus on core Permian Basin operations. Devon is expected to provide an update on the strategic review when it reports earnings in early August, although no final decision has been made.

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