One-Page Deal Sheet
Devon Doubles Down in the Eagle Ford; Inks $1.8B Acquisition
Devon Energy Corp Validus Energy
Announced Date
August 09,2022
Transaction Type
Corporate
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast
Country
United States
State
Texas
County
Karnes
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
Transaction Details: Require Private Equity Subscription
Devon Energy Corp. has entered into a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8 billion.
The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of 2022, with an effective date of June 1, 2022.
Deal DetailsDevon will acquire:
Acreage: 42,000 net (map below) Production: 35,000 BOEPD (70% oil) Drilling Locations =350 Acreage MapRick Muncrief, president and CEO stated, "The Validus acquisition captures a top-tier oil resource with a meaningful runway…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Aug-14-2023 |
-  |
- |
Click here | Texas | E&P |
| Jul-13-2023 |
- |
- |
Click here | Wyoming | E&P |
| May-03-2023 |
- |
- |
Click here | Texas | E&P |
| Feb-28-2023 |
- |
- |
Click here | Texas | E&P |
| Feb-21-2023 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | - |
- |
| Nov-12-2025 | Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture | - |
- |
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | - |
- |