Devon Energy Corp. (DVN) is near a deal to sell its 50% stake in the Access Pipeline in Canada to Calgary-based Wolf Infrastructure Inc., Bloomberg News reported Tuesday.

The potential sale could value Devon's stake at up to 1.5 billion Canadian dollars ($1.15 billion), Bloomberg reported, citing people familiar with the matter.

Devon's partner in the Access Pipeline, MEG Energy Corp. (MEG.T, MEGEF), previously said it was exploring options for its 50% interest.

Full story at http://www.bloomberg.com/news/articles/2016-07-12/cppib-backed-wolf-said-near-deal-for-devon-s-canadian-pipeline

Write to nymonitoring@dowjones.com

(END) Dow Jones Newswires

July 12, 2016 15:07 ET (19:07 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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