Shares of Devon Energy rose 4.57 percent Monday after the firm announced it was selling upstream assets for $1 billion.
The company said it sold its upstream assets in east Texas for $525 million, as well as its non-core position in the Anadarko Basin’s Granite Wash area for $310 million. Devon also sold its overriding royalty across 11,000 net acres in the northern Midland Basin for $139 million.
