Devon Energy (DVN) has released an update.
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Devon Energy has finalized its $5 billion acquisition of Grayson Mill Energy, significantly expanding its U.S. production footprint with the addition of assets in the Williston Basin. The purchase positions Devon among the top U.S. producers, adding 307,000 net acres and enhancing drilling opportunities. The company anticipates sharing further details on its production and capital outlook following the integration of this acquisition.
For further insights into DVN stock, check out TipRanks’ Stock Analysis page.
