Devon Energy Corp. is exploring options to sell its Eagle Ford and Powder River shale assets as part of a portfolio streamlining effort, according to people familiar with the matter. The combined sale could be valued at more than $4 billion, the sources said. The reports indicate that Devon is in the early stages of evaluating a potential exit and that details such as timing, buyers, and transaction structure have not been finalized. The proposed divestment would represent a shift in Devon’s operating footprint away from these two shale regions, while allowing the company to redeploy capital elsewhere in its business. The coverage also notes that the figures cited reflect expectations around the assets’ potential value rather than a signed agreement. Overall, the information points to exploratory discussions rather than a completed transaction, with any eventual sale subject to market conditions and internal approvals.