v2.4.0.6
Subsequent Event
6 Months Ended
Jun. 30, 2012
Subsequent Event [Abstract]  
Subsequent Events

21. Subsequent Event

 

In August 2012, Devon announced a transaction with Sumitomo Corporation that Devon expects to close in the third quarter of 2012. Under the agreement, Sumitomo will pay $1.365 billion, including $340 million at closing and $1.025 billion toward Devon’s share of future drilling costs, and will receive a 30% interest in the Cline and Midland-Wolfcamp shale plays.