Devon Energy Acquires $2.6 Billion in Delaware Basin Acreage
Devon Energy acquired approximately 16,300 net undeveloped acres in the core of New Mexico's Delaware Basin for around $2.6 billion through a Bureau of Land Management lease sale. The acquisition is expected to add about 400 drilling locations and enhance Devon’s position with lower royalty burdens and high net revenue interest.
Topics: acquisition Delaware Basin oil Permian Basin