Devon Energy said it will sell nearly $1billion of assets in Texas.
The US oil and natural gas producer said it was making the move as part of its plans to improve its finances through divestures.
The company plans to sell producing assets in east Texas for $525million and in Anadarko Basin’s Granite Wash area for $310million.
Devon will also sell its royalty interests in the Northern Midland Basin and in the Texas region for $139million.
Chief executive Dave Hager said the sales would total $1.3billion.
Meanwhile, the company said it expected to make an announcement within the next several weeks on the sale of its 50% interest in Canada’s Access Pipeline.