Devon Energy Nabs Williston Basin Driller in $5B Deal

July 8, 2024

Devon Energy DVN -1.08% has agreed to acquire Grayson Mill Energy, a oil-and-gas producer in the Williston Basin, in a cash-and-stock deal valued at $5 billion.

The Oklahoma City-based Devon said Monday that it would pay $3.25 billion in cash and $1.75 billion in stock to acquire Grayson Mill, which operates drilling rigs in the Bakken oil region in North Dakota and Montana.

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