Saturday, August 29, 2026

Devon Sells EnLink Midstream For $3.1 Billion

Proceeds will go to share buybacks Devon Energy (ticker: DVN) continued its divestiture program today with the largest deal so far, valued at $3.125 billion. Devon will sell its interest in EnLink Midstream (ticker: ENLC) to privately held Global Infrastructure Partners (GIP). The sale significantly simplifies Devon’s holdings. EnLink is a major midstream company which handles much of Devon’s production.

Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report

Oil hiring swells in Texas, U.S. oilpatch Oil prices reached their highest point since December 2014 and companies in the oil and gas industry are hiring accordingly as activity in the industry picks up. LinkedIn’s workforce report for June details a year-over-year rise in hiring of 5.2%. The report details the strong correlation between oil prices and hiring within the industry.