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Williston Basin Acquisition – Devon Energy Corp

Devon Energy Corp · Jun 8, 2022 · 4 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Williston Basin Acquisition – Devon Energy Corp – slide 1
    Williston Basin Bolt-On Acquisition June 8, 2022 NYSE: DVN devonenergy.com
  2. Williston Basin Acquisition – Devon Energy Corp – slide 2
    Transaction Advances Our Strategic Plan 1 IMMEDIATELY ACCRETIVE TO PER-SHARE METRICS Attractive valuation: 2.2-times cash flow with a FCF yield of 25% 2 INCREASES RETURN OF CAPITAL TO SHAREHOLDERS Board to approve a 13%…
  3. Williston Basin Acquisition – Devon Energy Corp – slide 3
    Enhances Williston Basin Asset Quality & Scale PURCHASE DETAILS OVERLAPS EXISTING POSITION IN CORE OF THE PLAY Contiguous operated position of 38,000 net acres (88% working interest) Mountrail Price: 865 million (100% cash)…
  4. Williston Basin Acquisition – Devon Energy Corp – slide 4
    Immediately Accretive to Per-Share Metrics ACCRETION TO SHAREHOLDERS (PRO FORMA YEAR-ONE BENEFITS) TRANSACTION ADVANCES OUR FINANCIAL STRATEGY ATTRACTIVE PURCHASE PRICE 2.2X CASH FLOW (FCF YIELD: 25%) EARNINGS & CASH 3%-5%…

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