(Energy Information Administration, 10.Sep.2024) — Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day (Bcf/d), is expected to begin service this month, according to EnLink Midstream, one of the project’s stakeholders. Matterhorn […]
Tag: Devon Energy
Devon Announces $5bn Strategic Acquisition in the Williston
(Devon Energy, 8.Jul.2024) — Devon Energy has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5bn, consisting of $3.25bn of cash and $1.75bn of stock to the sellers. The transaction is subject to customary terms and conditions, […]
EAI’s NRGBriefs: January 2024
(Energy Analytics Institute, 31.Jan.2024) — Energy briefs as well as others related to finance and projects during Jan. 2024 including Washington reviewing its sanctions policy on Venezuela; QatarEnergy confirming that Qatar’s LNG production continues uninterrupted; Evercore ISI continuing on Biden’s moves to pause on LNG export terminal approvals; an S&P […]
Devon Energy Reveals Bolt-On Eagle Ford Acquisition
(Devon, 9.Aug.2022) — Devon Energy Corp. (NYSE: DVN) entered into a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8bn. The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of […]
CNR Snaps Up Devon’s Canada Assets In US$2.8 Billion Deal
(WoodMac, 29.May.2019) — Canadian Natural Resources today announced a C$3.8 billion (US$2.8 billion) acquisition of Devon Energy’s Canadian assets, marking the company’s seventh major acquisition since 2014. Taking into account the subsequent corporate effects of the deal, Wood Mackenzie has valued the assets at US$3.7 billion. The assets include the […]