Devon Spends Big to Move Gas – Permian Gas, Not Marcellus Gas

Devon Energy just told the market it's willing to write big checks to get stranded natural gas to better markets. The gas in question is in West Texas, not Susquehanna County — and that says something about where the old Cabot Oil & Gas assets stand in the new Devon. On Monday, Devon announced a positive Final Investment Decision (FID — meaning the money is committed and the shovels are coming) on the Solitude Pipeline System, a WhiteWater-led joint venture building two 48-inch natural gas pipelines from the Permian Basin to Katy, Texas.

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