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Oklahoma City oil and gas explorer Devon Energy Corp. said Monday it may sell up to $7.5 billion worth of Gulf of Mexico and international assets to pay down debt and reposition itself as strictly an onshore North American oil and gas explorer.

Deutsche Bank AG's Jonathan Cox, Mike Hill and Michael Johnson are selling Devon's international assets. J.P. Morgan Chase & Co.'s Larry Massaro is thought to be selling the Gulf of Mexico assets.

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NOT A SUBSCRIBER? Devon to sell foreign, Gulf of Mexico assets Posted on November 16, 2009 5:30 PM Oklahoma City oil and gas explorer Devon Energy Corp. said Monday it may sell up to $7.5 billion worth of Gulf of Mexico and international assets to pay down debt and reposition itself as strictly an onshore North American oil and gas explorer. Deutsche Bank AG's Jonathan Cox, Mike Hill and Michael Johnson are selling Devon's international assets. J.P. Morgan Chase & Co.'s Larry Massaro is thought to be selling the Gulf of Mexico assets. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 513 in-depth reports of Auctions in the Energy sector 35 in-depth transaction records for Devon Energy Corp. 24 company pages related to Deutsche Bank 13 company pages for J.P. Morgan Chase 10 years of news and analysis archives from the voice of The Deal Economy Most-searched keywords Deutsche Bank Skadden Arps 3Com Corp. Lazard Metro-Goldwyn-Mayer Blind pools Bank Capital Cisco Systems Dow Chemical Fortress Investment Group		EXISTING USERS Username Password Forgot your password? Missing a product?

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Devon to sell foreign, Gulf of Mexico assets