Devon Energy Corporation
Devon Energy Announces Acquisition of Grayson Mill Holdings
Summary
On July 8, 2024, Devon Energy Corporation announced the acquisition of all issued and outstanding securities of Grayson Mill Holdings II, LLC and Grayson Mill Holdings III, LLC for $3.25 billion in cash and 37.21 million shares of Devon Energy common stock. The transaction is expected to close in the third quarter of 2024, subject to customary conditions, including HSR clearance.
Profitelligence Alerts
Get alerts for DVN
Be first to know when Devon Energy Corporation files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Devon Energy Corporation
Devon Energy Corporation is a prominent player in the energy sector, specializing in the exploration, development, and production of oil and natural gas. With its corporate headquarters located in Oklahoma City, Oklahoma, Devon Energy operates principally across the United States. Its portfolio encompasses some of the most resource-rich areas, such as the Delaware Basin within the greater Permian Basin, Eagle Ford, Anadarko Basin, Powder River Basin, and the Williston Basin. The company's primary function is to harness and maximize value from its substantial onshore oil and gas reserves, making substantial contributions to the energy supply chain. Devon Energy is noted for its strategic focus on efficient and sustainable practices in hydrocarbon extraction and production. It plays a critical role in the U.S. energy landscape, providing resources essential for various sectors including transportation, manufacturing, and residential energy needs. Through innovative drilling and operating techniques, Devon Energy pursues operational excellence while remaining committed to reducing its environmental footprint and enhancing the safety of its operations.
Official SEC Documents
Advertisement