M&A Deal Summary

Devon Energy Acquires Validus Energy

On August 9, 2022, Devon Energy acquired oil/gas exploration company Validus Energy for 1.8B USD

Acquisition Highlights
  • This is Devon Energy’s 11th transaction in the Oil/Gas Exploration sector.
  • This is Devon Energy’s 8th largest (disclosed) transaction.
  • This is Devon Energy’s 10th transaction in the United States.
  • This is Devon Energy’s 2nd transaction in Colorado.

M&A Deal Summary
Date 2022-08-09
Target Validus Energy
Sector Oil/Gas Exploration
Buyer(s) Devon Energy
Deal Type Add-on Acquisition
Deal Value 1.8B USD

Target

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.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Devon Energy

Oklahoma City, Oklahoma, United States
Category Company
Founded 1971
Sector Oil/Gas Exploration
Employees1,800
Revenue 15.3B USD (2023)
DESCRIPTION

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 12 of 13
Sector (Oil/Gas Exploration) 11 of 12
Type (Add-on Acquisition) 9 of 9
State (Colorado) 2 of 2
Country (United States) 10 of 11
Year (2022) 2 of 2
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-08 RimRock Oil & Gas

Greenwood Village, Colorado, United States

RimRock Oil & Gas is an exploration and production company focused on the acquisition and development of oil and gas properties primarily in the Williston Basin. The Company currently operates approximately 30,000 net acres in the Fort Berthold Indian Reservation of Dunn County, North Dakota.

Buy $865M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-08 Grayson Mill Energy - Williston Basin Business

United States

Grayson Mill Energy's Williston Basin Business provides exploration and production services.

Buy $5.0B
Mergr

Product

Company

Legal