Devon Finally in the Game

Devon acquires Grayson Mill, expanding in Williston Basin; O&G investors turn to single-asset continuation vehicles; Oil executives see investment poised to grow; Devon eyes 3-mile Williston wells in Grayson Mill deal.

Author

Rob Quigley
July 09, 2024

by VSO Petroleum Consultants. Oil and Gas industry news for those in the deal flow (Investors and A&D Professionals). Your daily source for the latest A&D/M&A news, industry news, and expert interviews.

First Things First:

Devon Energy to acquire Grayson Mill for $5B, expanding their footprint in the Williston Basin.

Devon Energy To Acquire Bakken Driller Grayson Mill In $5B Deal | OilPrice.com

Independent oil & gas company Devon Energy (NYSE:DVN) has announced plans to acquire Grayson Mill Energy's Williston Basin business in a cash and stock deal valued at ~$5B

oilprice.com/Latest-Energy-News/World-News/Devon-Energy-To-Acquire-Bakken-Driller-Grayson-Mill-In-5B-Deal.html

Oil and gas investors turn to single-asset continuation vehicles.(PE Hub)

Natural gas, oil executives see investment poised to grow.(Natural Gas Intel)

CEO of Devon eyes 3-mile Williston wells in Grayson Mill deal.(Hart Energy)

VSO is the go-to consulting firm for buy-side technical due diligence. We can handle all your technical evaluations or can be your spare capacity when you need overflow help. If you’re in the deal flow, let’s work together.

Daily Headlines

  • Oil and gas investors turn to single-asset continuation vehicles.(PE Hub)

  • Natural gas, oil executives see investment poised to grow.(Natural Gas Intel)

  • CEO of Devon eyes 3-mile Williston wells, $5B Grayson Mill deal.(Hart Energy)

  • Hurricane Beryl leaves millions in Texas without power.(Rigzone)

  • ENI makes oil and gas discovery off Mexico coast.(Reuters)

  • Guyana banks on oil future as Latin Qatar.(The Guardian)

  • ConocoPhillips challenges drilling ban in Alaska.(Offshore Technology)

  • ICICI Prudential launches Nifty Oil and Gas ETF.(Economic Times)

  • Wyoming redefines who can bid on state oil and gas leases.(Cowboy State Daily)

  • Heavy oil discount narrows for third straight session.(BOE Report)

Deal Flow

M&A/Investment

  • Devon Energy to acquire Grayson Mill for $5B in the Williston Basin.OilPrice

  • Billionaire Slim's Grupo Carso to invest $1.2B in Lakach field.Natural Gas Intel

  • Angola offers 29 blocks for investment, including marginal fields.Energy Chamber

IPO/Direct Listing/Issuances/Block Trades

  • No deals that match this criteria.

Debt

  • Pembina completes partial redemption of Series 19 notes.Hart Energy

  • Ring Energy announces debt reduction results for Q2 2024.Oil & Gas 360

SPAC

  • No deals that match this criteria.

Bankruptcy/Restructuring/Distressed

  • No deals that match this criteria.

Fundraising

  • ADNOC inks $3B facility with JBIC for energy transition plans.Rigzone

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