DVN · 8-K · 20260804PR332824

Acquisitions and Divestitures

DEVON ENERGY CORP/DE · 2026-08-04 · Importance 71 · Surprise 60

Devon acquired 16,300 net acres at the New Mexico federal lease sale for $2.6 billion. The acquisition added approximately 400 top-tier Delaware Basin locations with an 87.5% net revenue interest. Devon funded the transaction with cash on hand. Development of the acquired acreage is planned to begin in 2027.

Key facts

• Acquired 16,300 net acres and approximately 400 top-tier locations with 87.5% NRI in the heart of the Delaware Basin at the New Mexico federal lease sale. source