Banpu/Devon Energy Barnett Shale Deal Gets Complicated

Back in December MDN told you that Thailand’s Banpu, which has invested $500 million so far in the Pennsylvania Marcellus, had developed a wandering eye and cut a deal to buy Devon Energy's Barnett Shale assets in Texas for $770 million (see Banpu Invests Another $770M in Shale – but Not in PA Marcellus). The deal was supposed to be completed by yesterday. That didn't happen. Instead, Devon issued a new announcement saying terms of the deal have changed. The price has gone down, or up, depending on your viewpoint. It's complicated...

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