Thursday, January 31, 2013

Devon Energy Looking to Unload Utica Shale Acreage

From Scotia Waterous:
Scotia Waterous (USA) Inc. (“Scotia Waterous”) has been retained as exclusive advisor by Devon Energy Corporation (“Devon” or the “Company”) to advise and assist in the sale of the Company’s Utica Shale / Point Pleasant assets in Eastern Ohio (the “Offering”). The Utica / Point Pleasant play is currently in the early stages of appraisal and development. Regional well results are promising and there is growing confidence in the prospectivity of the play given very significant leasing and drilling activity.

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