Canada Immigration focus on Life in Canada: According to news on February 19, Canadian Natural Resources Limited has agreed to acquire Devon Energy Corporation's conventional natural gas assets in Canada for 3.125 billion Canadian dollars (2.85 billion U.S. dollars) to expand its core areas in Western Canada.
Canadian Natural Resources stated that these assets are located near the company's current operational areas and include liquid-rich natural gas assets, as well as some light crude oil.
Devon Energy is selling its non-core assets in the United States and Canada as the company plans to exit the natural gas business to focus on its oil operations. Late last year, Devon Energy reached a 6 billion U.S. dollar cash deal to acquire GeoSouthern Energy's Eagle Ford shale oil assets in South Texas.
