Devon Energy Grows Bakken Position With $5 Billion Buyout

© 2022 Bloomberg Finance LP "The acquisition of Grayson Mill is an excellent strategic fit for Devon that allows us to efficiently expand our oil production and operating scale while capturing a meaningful runway of highly economic drilling inventory," Rick Muncrief, Devon's president and CEO, said in a release. "This transaction also creates immediate value within our financial framework by delivering sustainable accretion to earnings and free cash flow that will result in higher distributions to sharehold ...