CNRL buys Devon Canada’s conventional oil and gas assets

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CNRL will also acquire two-million acres of undeveloped land and three-million acres of royalty lands from Devon.

The deal was reportedly effective on January 1, but has a targeted closing date, of April 1 and also includes six major owned and operated natural gas plants.

The acquired asset package includes a royalty revenue stream which is targeted to earn approximately $75,000,000 in cash flow this year. 

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