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Stock Market & Financial Investment News

News Breaks
January 22, 2013
18:19 EDTDVNDevon fire rig forces evacuation in eastern Utah, Salt Lake Tribune reports
An oil rig in Roosevelt, Utah caught fire and forced an evacuation of the site early Tuesday morning at a site owned by Devon Energy (DVN), according to a Salt Lake Tribune report from earlier today. The report says that no injuries were reported and that as of late Tuesday the evacuation is still in place but the first has been contained. Reference Link
News For DVN From The Last 14 Days
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March 23, 2015
18:08 EDTDVNEnLink Midstream to acquire Victoria Express assets from Devon Energy
EnLink Midstream Partners (ENLK) announced that it has entered into an agreement to acquire the Victoria Express Pipeline and related truck terminal and storage assets from Devon Energy Corporation (DVN). Total consideration for the transaction is approximately $210M-$220M, including approximately $171M in cash, approximately 338,000 of the Partnership’s common units and EnLink’s assumption of approximately $30M-$40M in certain construction costs to expand the system to full capacity, subject to adjustments. The transaction, which is expected to close on or about April 1, subject to the satisfaction of certain conditions, is expected to be immediately accretive to the Partnership.

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