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Devon Energy to buy PE-backed Grayson Mill's Williston assets for $5 billion

Mon, 08 Jul 2024 10:21:33 -0400

By Seher Dareen

(Reuters) -Devon Energy said on Monday it had entered into a deal to acquire certain assets of Bakken-focused energy producer Grayson Mill Energy, which is owned by private equity firm EnCap, in a cash-and-stock deal worth $5 billion.

The deal value includes $3.25 billion in cash and $1.75 billion in stock, and will enhance Devon's "multi-basin business",

Devon Energy to buy PE-backed Grayson Mill's Williston assets for $5 billion

Mon, 08 Jul 2024 10:21:33 -0400

By Seher Dareen

The deal value includes $3.25 billion in cash and $1.75 billion in stock, and will enhance Devon's "multi-basin business",