Eagle Ford Acquisition – Devon Energy Corp

Devon Energy Corp · Aug 9, 2022 · 4 slides

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Slides

Eagle Ford Bolt-On Acquisition August 9, 2022 NYSE: DVN devonenergy.com
Transaction Advances Our Strategic Plan 1 ASSETS ACQUIRED AT ATTRACTIVE VALUATION Transaction valued at 2-times cash flow with a 30% FCF yield 2 IMMEDIATELY ACCRETIVE TO FINANCIAL METRICS Double-digit improvement to EPS, CFPS &…
Enhances Eagle Ford Asset Quality & Scale OFFSETS EXISTING POSITION IN CORE OF THE PLAY Contiguous operated position of 42,000 net acres PURCHASE DETAILS Price: 1.8 billion (100% cash) Gonzales Secures 500 highly economic…
Immediately Accretive to Per-Share Metrics ACCRETION TO SHAREHOLDERS (PRO FORMA YEAR-ONE BENEFITS) TRANSACTION ADVANCES 2.0X ATTRACTIVE OUR FINANCIAL STRATEGY PURCHASE PRICE CASH FLOW (FCF YIELD: 30%) CASH FLOW & 10% FREE…