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2011 ). John Richels, Devon president and chief executive officer, commented, “With the sale of our remaining noncore assets , the portfolio transformation that we announced late last year is now complete.” Devon has made significant changes
2014). "Over the past 3 months, we continued to see companies looking to realign their portfolios and divest noncore assets , which provided opportunities for acquirers with cash and access to capital," said Doug Meier, PwC's US energy
OGJ Online, Jan. 28, 2014 ). PwC attributes the sequentially downward movement to companies divesting in smaller noncore assets , a trend it expects to continue through this year. ‘Shift towards unconventionals’ There were 17 deals with values greater than
end of 2013 in what G. Steven Farris, chairman and chief executive officer, described as a program to “divest noncore assets while retaining those that drive long-term growth and generate cash from operations.” Farris announced the plan in Apache
transaction has already been approved and the sale is part of its overall strategy to simplify its portfolio and divest noncore assets Total has been present in exploration and production activities in Trinidad and Tobago since 1996.
first-phase capital requirements of $750-800 million, the company originally planned to use debt, sales of noncore assets , joint-venture proceeds, and possibly new equity. “Given the current soft market for oil and gas assets and
first-phase capital requirements of $750-800 million, the company originally planned to use debt, sales of noncore assets , joint-venture proceeds, and possibly new equity. "Given the current soft market for oil and gas assets and
financials for the new business next year. BP in recent years has reshaped its North American Gas portfolio by divesting noncore assets and focusing development in US unconventional plays such as the Eagle Ford shale in South Texas (OGJ Online, Apr
borrowings. The company expects to repay the borrowings with free cash flow and proceeds from the monetization of noncore assets . Last month, Devon signed a definitive agreement with Crosstex Energy LP, Dallas, to combine Devon's US midstream
Kong HuiHua Global Technology Ltd. Completion is subject to satisfying customary conditions, including obtaining the approval of various Chinese government bodies. Dart Energy plans to pursue monetizing other international noncore assets .