Devon Energy completes acquisition of Grayson Mill Energy to expand its Williston Basin business
09/27/24, 8:30 PM
Location
oklahoma cityhoustonIndustry
oil and gas
energy
Devon Energy Corp. has completed the acquisition of Grayson Mill Energy for a transaction valued at $5 billion. This strategic acquisition adds a high-margin production mix, 307,000 net acres, 500 undrilled gross locations, and 300 high-quality refrac candidates, transforming Devon’s Williston Basin business.
Company Info
Location
west sheridan avenue
Oklahoma City, Oklahoma, United States
Company info
Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.