Devon Energy Expands Williston Footprint With $5B Grayson Mill Deal Oklahoma City-based Devon Energy is growing its Williston Basin footprint with a $5 billion cash-and-stock acquisition from Grayson Mill Energy, an EnCap portfolio company. Read More: https://lnkd.in/gSDcjb7F
Christopher Brandt Interesting!
Business Consultant & Strategist | Transforming Ambition into Achievement | Leveraging Golf Skills for Business Success
𝘿𝙚𝙫𝙤𝙣 𝙀𝙣𝙚𝙧𝙜𝙮 𝘽𝙤𝙡𝙨𝙩𝙚𝙧𝙨 𝙋𝙤𝙨𝙞𝙩𝙞𝙤𝙣 𝙬𝙞𝙩𝙝 $5 𝘽𝙞𝙡𝙡𝙞𝙤𝙣 𝘼𝙘𝙦𝙪𝙞𝙨𝙞𝙩𝙞𝙤𝙣 Devon Energy has completed its acquisition of Grayson Mill Energy, significantly enhancing its footprint in the Williston Basin. The $5 billion transaction adds 307,000 net acres and boosts Devon's unexplored and refracturing potential with an additional 500 undrilled locations and 300 high-quality candidates for refracturing. Rick Muncrief, President and CEO, expressed enthusiasm about the acquisition, highlighting its strategic fit and the benefits of expanded operational scale. He also acknowledged the efforts of both companies' teams in facilitating the smooth integration. Devon Energy, known for its strong presence in the U.S. oil and gas sector and its robust business model focused on high returns and sustainable operations, plans to provide updates by November on the impact of this acquisition on its 2024 production and capital outlook. #EnergySector #MergersAndAcquisitions #DevonEnergy #OilAndGasIndustry #BusinessGrowth https://lnkd.in/gyjAEjuM
On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal creates a $24 billion company that will be the biggest player in US shale gas; but what impact will this have on regional and global markets? Click below to read our key takeaways: https://okt.to/iMr20E
On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal creates a $24 billion company that will be the biggest player in US shale gas; but what impact will this have on regional and global markets? Click below to read our key takeaways: https://okt.to/aQWzRB
On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal creates a $24 billion company that will be the biggest player in US shale gas; but what impact will this have on regional and global markets? Click below to read our key takeaways: https://okt.to/LxSetD
Brookside Energy Limited (ASX:BRK, OTC:RDFEF) continues to tap into the #oil & #gas potential of the SWISH Area of Interest (AOI) in the SCOOP Play of Oklahoma’s world-class #AnadarkoBasin by electing to participate in the Gapstow Full Field Development (FFD) of Continental Resources. Following its enormous success with the Gapstow Well and the Courbet full field development program, Continental is proceeding with the full field development of its acreage, which is south of and contiguous with Brookside’s Bruins and Jewells DSUs. Brookside will participate in seven wells in the Gapstow FFD with a cumulative working interest of 20.9% at a net cost of US$2.5 million with this amount already included in the company’s 2024 capex budget. More at #Proactive #ProactiveInvestors #ASX #OTC #BRK #RDFEF #energysolutions #energysupply http://ow.ly/yKYe105sccC
On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal creates a $24 billion company that will be the biggest player in US shale gas; but what impact will this have on regional and global markets? Click below to read our key takeaways: https://okt.to/b5YvDK
On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal creates a $24 billion company that will be the biggest player in US shale gas; but what impact will this have on regional and global markets? Click below to read our key takeaways: https://okt.to/xtnagM
Business Consultant & Strategist | Transforming Ambition into Achievement | Leveraging Golf Skills for Business Success
𝙏𝘾 𝙀𝙣𝙚𝙧𝙜𝙮 𝙎𝙝𝙖𝙧𝙚𝙝𝙤𝙡𝙙𝙚𝙧𝙨 𝘼𝙥𝙥𝙧𝙤𝙫𝙚 𝙎𝙥𝙞𝙣-𝙊𝙛𝙛 𝙤𝙛 𝙊𝙞𝙡 𝙋𝙞𝙥𝙚𝙡𝙞𝙣𝙚 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 On June 4, TC Energy's shareholders voted to spin off the company's liquids pipeline business, creating South Bow Corp. This new entity will own significant assets, including the Keystone oil pipeline. The move aims to reduce TC Energy's debt and allow a greater focus on natural gas transport. South Bow Corp will manage nearly 4,900 kilometers of pipelines connecting oil supply in Alberta and the U.S. to refineries in Illinois, Oklahoma, and Texas. Despite carrying a C$7.9 billion debt load, South Bow benefits from long-term contracts on the Keystone pipeline, ensuring stable revenues. Bevin Wirzba, TC's executive VP of liquids pipelines, will become South Bow's CEO. The company is expected to separate from TC Energy by autumn and list on the Toronto and New York stock exchanges. Analysts suggest South Bow could be a takeover target once trading begins. This strategic move allows both TC Energy and South Bow to maximize their asset values and focus on distinct growth opportunities. #Energy #TCenergy #Pipeline #Infrastructure #NaturalGas #Keystone #DebtReduction #BusinessStrategy https://lnkd.in/gP8QN5FR
On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal creates a $24 billion company that will be the biggest player in US shale gas; but what impact will this have on regional and global markets? Click below to read our key takeaways: https://okt.to/ZNpPE2
On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal creates a $24 billion company that will be the biggest player in US shale gas; but what impact will this have on regional and global markets? Click below to read our key takeaways: https://okt.to/A4Nhxo
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