Page 7 - Validus Energy News Today

Devon has been on an acquisition binge recently, firming up its Tier I acreage positions in key shale plays. Read more about DVN stock here.

Conference: Oil Patch M&A Expected to Surge

Devon Energy Corp. agreed to acquire Validus Energy for about $1.8 billion in cash to expand in the Eagle Ford shale patch in South Texas.

The oil company is making its second acquisition of cash-gushing assets this year.

The U.S. shale industry is now hyper-focused on returning value to shareholders, and buying up mature wells while prices are high is one way to do that

Devon Energy has entered into a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8 billion.

The transaction is expected to close at the end of the third quarter of 2022.

Devon Energy has signed an all-cash deal to acquire Validus Energy, an operator in the Eagle Ford Shale in the US, for $1.8bn.

Lower 48 giant Devon Energy Corp. is becoming even larger after agreeing to buy Eagle Ford Shale pure-play Validus Energy for $1.8 billion. The

Devon Energy Corp. agreed to acquire Validus Energy for about $1.8 billion in cash to expand in the Eagle Ford shale patch in South Texas.