KGOU

DowDupont

Devon Cuts $75M Deal With DowDupont

May 15, 2018
Devon Tower in downtown Oklahoma City.
Brian Hardzinski / KGOU

A commodity hedge deal between Oklahoma City-based energy company Devon and  petrochemical/agriculture giant DowDupont could be a sign of a new trend.

The Journal Record’s Sarah Terry-Cobo writes the deal will provide “low-risk cash” to Devon, and DowDupont will receive natural gas that will be used to produce plastics, chemicals and other products.

The $75 million deal will last 5 years, according to the Journal Record.