UPDATE 3-Devon Energy to buy assets from Felix; sell some holdings

Mon Dec 7, 2015 11:37am EST
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* Devon to buy Anadarko Basin assets for $1.9 bln

* To buy assets in Powder River Basin for $600 mln

* Devon's pipeline unit to buy Tall Oak Midstream for $1.55 bln

* Devon marketing its stake in Access Pipeline in Canada

* Devon's shares fall nearly 10 pct (Adds details from conference call, details; updates shares)

By Sneha Banerjee

Dec 7 (Reuters) - Oil producer Devon Energy Corp said it would buy some assets from Felix Energy LLC for $2.5 billion and raise $2 billion-$3 billion from asset sales, as the company reshapes its portfolio amid a slump in oil prices.

A more than 60 percent drop in global crude prices since June last year has prompted oil and gas companies to take a closer look at their assets. Producers are taking advantage of cheap prices to buy assets, while discarding unprofitable holdings.

Shares of Devon, whose pipeline unit EnLink Midstream is paying $1.55 billion for peer Tall Oak Midstream, fell nearly 10 percent in morning trading on Monday, tracking a steep fall in oil prices.   Continued...