Devon Energy Corp. has agreed to sell its Barnett Shale assets to Banpu Kalnin Ventures for $770 million. U.S. independent Devon Energy Corp. has agreed to sell its Barnett Shale assets to Banpu Kalnin Ventures (BKV) for $770 million, the company announced Tuesday. Devon first announced its intent to divest its Barnett assets following board approval in February . “Devon’s transformation to a U.S. oil growth business is now complete,” Devon CEO Dave Hager said in a company statement. “The timely and tax-efficient exit from Canada and the Barnett this year has generated $3.6 billion of proceeds at accretive multiples to Devon’s current valuation. Furthermore, these transactions accelerate efforts to focus exclusively on our resource-rich U.S. oil portfolio, where we have the ability to substantially increase returns, margins and profitability.” The acquisition will make BKV, a Denver-based private equity firm, a healthy producer of natural gas in the U.S. […]