Devon Energy announced today it will sell all of its non-core U.S. oil and gas properties to Linn Energy.

The total value of the deal is $2.3 billion.

The deal includes properties onshore Gulf Coast, the Rockies, and Mid-Continent regions.

According to Devon, the assets produce 275 million cubic feet of gas equivalent per day.

About 80 percent of these assets is natural gas.


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