M&A Deal Summary |
|
|---|---|
| Date | 2024-07-08 |
| Target | Grayson Mill Energy - Williston Basin Business |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Devon Energy |
| Sellers(s) | Grayson Mill Energy |
| Deal Type | Divestiture |
| Deal Value | 5.0B USD |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1971 |
| Sector | Oil/Gas Exploration |
| Employees | 2,300 |
| Revenue | 15.9B USD (2024) |
Devon Energy a U.S. based independent natural gas and oil producers. The company's operations are focused on North American onshore exploration and production. Devon Energy was founded in 1971 and is based in Oklahoma City.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 13 |
| Sector: Oil/Gas Exploration M&A | 12 of 12 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: United States M&A | 11 of 11 |
| Year: 2024 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-09 |
Validus Energy
Denver, Colorado, United States Validus Energy is an exploration and production company focused on the acquisition and exploitation of upstream oil and gas assets. The Company’s primary objective is to build and operate a large-scale portfolio of producing wells and drilling locations in the Eagle Ford Shale. It has a returns-focused business model – pursue disciplined growth, emphasize capital efficiency, maintain low leverage, and prioritize cash returns to shareholders. Validus Energy was formed in 2021 and is based in Denver, Colorado. |
Buy | $1.8B |
Grayson Mill Energy is an exploration and production company focused on the acquisition and development of oil and gas assets within various U.S. unconventional resource plays. Grayson Mill Energy is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Oil/Gas Exploration M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2024 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
