Devon Energy Acquires $2.6 Billion in Delaware Basin Undeveloped Acres
Devon Energy Corporation (DVN) acquired approximately 16,300 net undeveloped acres in the core of the Delaware Basin for $2.6 billion through a U.S. government federal lease sale on May 21. The acquisition is expected to add significant drilling inventory and strengthen its position in one of North America's most productive oil basins.
Tickers: $DVN
Topics: acquisitions Delaware Basin oil and gas