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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.