Devon Energy Corporation DVN announced that it has completed the sale of its ownership interests in EnLink Midstream Partners, LP ENLK and EnLink Midstream, LLC ENLC for $3.125 billion to affiliates of Global Infrastructure Partners. The deal was announced on Jun 6, 2018. (Read More: Devon to Monetize Midstream Assets, Buyback More Shares)The company monetized in excess of $4 billion worth of assets year to date. It is currently in talks with potential buyers to divest assets worth $1 billion to meet its divestiture target of $5 billion for 2018.Vision 2020Devon continues to work on its Vision 2020 plan. To this end, the company is introducing advance technology to produce high volumes from wells, proceeding with cost-saving initiatives and generating peer-leading returns on invested capital for its shareholders.Shareholders GainThe initiatives undertaken by the company will generate cumulative free cash flow of $2.5 billion through 2020. Also, costs will be lowered by 15% through 2020 from 2017 levels. Devon will utilize these funds not only to expand existing operation but also to increase its shareholder’s worth as well as lower outstanding debts.Devon’s board of directors authorized a $3-billion increase in Devon’s previously announced $1 billion share-repurchase program. With this increase, the total repurchase program is presently valued at $4 billion. Recently, the company raised its quarterly dividend rate by 33%.Devon has plans to retire $1 billion debt for strengthening balance sheet and lowering interest expenses.U.S. Oil Production to Drive DevonDevon Energy’s focus on the resource-rich Delaware and STACK assets, which are the backbone of its U.S. based production, is likely to drive its performance. Devon expects 2018 oil production to improve 16% (versus earlier expectation of 14%) from 2017 levels. Given the ongoing improvement in oil prices, the prospects of the company are definitely going to get a boost as a result.Price MovementDevon Energy has returned 36.8% in the past 12 months, outperforming its industry’s rally of 18.7%.Zacks Rank & Another Key PickDevon currently carries a Zacks Rank #2 (Buy). Another top-ranked stock in the same space is Murphy Oil Corporation MUR, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Murphy Oil delivered an average positive earnings surprise of 102.4% in the last four quarters. Its 2018 earnings estimates moved up 34.4% in the past 60 days to $1.64 per share.Today's Stocks from Zacks' Hottest StrategiesIt's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.See Them Free>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EnLink Midstream Partners, LP (ENLK): Free Stock Analysis Report EnLink Midstream, LLC (ENLC): Free Stock Analysis Report Devon Energy Corporation (DVN): Free Stock Analysis Report Murphy Oil Corporation (MUR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research