Devon Energy M&A Summary
Devon Energy has acquired 13 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 11 assets.
Devon Energy’s largest acquisition to date was in 2003, when it acquired Ocean Energy for $5.3B. It’s largest disclosed sale occurred in 2008, when it sold Devon Energy - Equatorial Guinea Assets to GEPetrol for $2.2B. Devon Energy has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include oil/gas exploration (93%) and energy services and equipment (8%).
M&A Summary
-
M&A Total Activity24
- M&A Buy Activity13
- M&A Sell Activity11
- Total Sectors Invested 2
- Total Countries Invested 2
- M&A Buy/Sell Connections 14