Reported 7 days ago
Devon Energy has finalized a $5 billion deal to acquire assets from Grayson Mill Energy, significantly enhancing its production capabilities in the Williston Basin. This transaction includes 307,000 net acres and is projected to sustain production levels of around 100,000 barrels of oil equivalent per day by 2025. Devon anticipates annual cash flow savings of up to $50 million from operational efficiencies following the integration of the new assets.
Source: YAHOO