Devon Energy Acquires Validus Energy for $1.8 Billion

June 1, 2022

Devon Energy Corp. agreed to acquire Eagle Ford operator Validus Energy for $1.8 billion in cash, in a transaction expected to close at the end of Q3 2022 with an effective date of June 1, 2022. The acquisition adds ~42,000 net acres and ~35,000 boe/d of production (projected to average ~40,000 boe/d), deepening Devon's Eagle Ford footprint and driving scale, operational synergies and improved cash returns to shareholders.

Buyers
Devon Energy Corp.
Targets
Validus Energy
Industry
Oil & Gas
Location
Colorado, United States
Transaction Type
Buyout

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