Devon Energy has completed a $5 billion acquisition of Grayson Mill Energy, significantly enhancing its operations in the Williston Basin.

Information on the Target

Devon Energy Corp. has successfully completed its strategic acquisition of Grayson Mill Energy, with a transaction valued at $5 billion before purchase price adjustments. This acquisition significantly enhances Devon's production capabilities in the Williston Basin, one of the most productive oil regions in the United States. With this deal, Devon adds 307,000 net acres, 500 undrilled gross locations, and 300 high-quality refrac candidates to its portfolio.

The integration of Grayson Mill Energy marks a pivotal transformation for Devon’s operations in the Williston Basin, allowing them to leverage high-margin production and strengthen their position as a leading oil and gas producer in the U.S.

Industry Overview in the Target’s Specific Country

The oil and gas industry in the United States, particularly within the Williston Basin, has experienced substantial growth due to technological advancements in extraction methods and th