OKLAHOMA CITY--(BUSINESS WIRE)--Sep. 27, 2013--
Devon Energy Corporation (NYSE:DVN) announced today that its wholly
owned subsidiary, Devon Midstream Partners, L.P., has filed a
registration statement on Form S-1 with the U.S. Securities and Exchange
Commission (SEC). This filing relates to an initial public offering of
common units in Devon Midstream Partners, L.P. representing limited
partner interests. Application will be made to list the common units of
Devon Midstream Partners, L.P. on the New York Stock Exchange under the
symbol “DVNM.”
BofA Merrill Lynch and Barclays are acting as joint book-running
managers and structuring agents for the proposed offering. This offering
of common units will be made only by means of a prospectus. When
available, a preliminary prospectus relating to this offering may be
obtained from:
When available, a copy of the preliminary prospectus can be obtained
free of charge by visiting the SEC's website at http://www.sec.gov
under the registrant's name, "Devon Midstream Partners, L.P."
The registration statement relating to these securities has been filed
with the SEC, but has not yet become effective. The registration
statement is available on the SEC’s website. These securities may not be
sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Devon Energy Corporation is an Oklahoma City-based independent energy
company engaged in oil and gas exploration and production. Devon is a
leading U.S.-based independent oil and gas producer and is included in
the S&P 500 Index.
The statements in this news release are forward-looking statements
that are subject to a number of risks and uncertainties including, among
other things, the risks and uncertainties that the master limited
partnership will not be formed, will not complete an offering of
securities, will not raise the planned amount of capital even if an
offering of securities is completed, and will not be able to complete
its proposed actions on the timetable indicated. Furthermore, the
structure, nature, purpose, and proposed assets and liabilities of the
master limited partnership may change materially from those depicted
herein. No assurance can be given as to the value of the master limited
partnership, the price at which its securities may trade, or whether a
liquid market for those securities will develop or be maintained. In
addition, Devon and the master limited partnership will be subject to
the risks normally attendant to businesses in the oil and gas
exploration and midstream energy industries. These and other risks are
described in Devon's 10-K and 10-Q Reports and other filings with the
Securities and Exchange Commission. Any duty to update these statements
is disclaimed except as required by law.
Source: Devon Energy Corporation
Devon Energy Corporation
Investor Contacts
Scott Coody,
405-552-4735
or
Shea Snyder, 405-552-4782
or
Media
Contact
Chip Minty, 405-228-8647