News

Devon Energy biggest buyer in record $4B U.S. government oil and gas auction (DVN:NYSE)

Seeking Alpha · last updated
XXXL pumpjack silhouettes

sharply_done/E+ via Getty Images

Devon Energy (DVN) accounted for $2.5B out of a record $4B sale of oil and ​gas drilling rights on federal lands in New Mexico and ‌Texas held Wednesday by the U.S. Bureau of Land Management.

The ‌sale ⁠of 74 parcels covered 33,530