Mergers & Acquisitions · May 21, 2026

Devon Energy completes acquisition of 16,300 Delaware Basin acres for $2.6B

DVNDevon Energy Corp

Devon Energy completed the acquisition of 16,300 net undeveloped acres in the Delaware Basin within Lea and Eddy Counties, New Mexico. The transaction was valued at approximately $2.6 billion, representing a cost of roughly $161,500 per net acre.