August 15, 2011

Devon Energy’s Bet on Barnett Shale, Made 10 Years Ago, Has Paid off

Michael Giberson Yesterday, August 14, 2011, was the ten-year anniversary of the announcement by Oklahoma City-based Devon Energy of its intention to acquire Houston-based Mitchell Energy and Development for $3.5 billion. The prime target of interest lay about halfway between the two company headquarters, in the Barnett Shale surrounding Fort Worth, Texas. Mitchell had figured …

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