Devon Energy Corporation, an oil and gas exploration company has announced the completion of the sale of its Canadian conventional assets to Canadian Natural Resources Limited for C$3.125 billion. The company’s retained Canadian business will consist of its thermal heavy oil, Lloydminster, and Horn River assets. The company plans to repatriate the proceeds to the U.S. for use in the repayment of debt incurred to finance its Eagle Ford acquisition. The expected net proceeds are US$2.7 billion after currency exchange and tax adjustments.