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Devon sells its Canadian assets to Canadian Natural Resources for US$2.8 billion

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30 May 2019

Devon sells its Canadian assets to Canadian Natural Resources for US$2.8 billion

Report summary

Canadian M&A has erupted! On 29 May, Devon announced that it sold its Canadian assets to Canadian Natural Resources Limited (CNRL) for total consideration of Cdn$3.775 billion (US$2.8 billion). As part of the deal, CNRL acquires the Jackfish and non-producing Pike oil sands projects, Devon's Lloydminster heavy oil position, and working interest in both the Liard and Horn River plays in Northern BC. The deal was completed in cash, with CNRL financing the purchase entirely with ...

Table of contents

Tables and charts

This report includes 8 images and tables including:

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1
  • Oil sands production and the percentage controlled by local companies

What's included

This report contains:

  • Document

    Devon sells its Canadian assets to Canadian Natural Resources for US$2.8 billion

    PDF 753.15 KB

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