Current DVN Stock Info

For $6 billion, Devon Energy (ticker: DVN) purchased 53,000 BOEPD, 82,000 net acres and more than 1,200 drilling locations across DeWitt and Lavaca Counties in the Eagle Ford Shale from GeoSouthern Energy. The acquisition will be funded with a combination of cash on hand and borrowings.

Deal Metrics and Valuation

Based on the purchase price, the deal could be valued at $113,208 per flowing BOEPD or $73,171 per acre. We believe the deal was negotiated on an estimate of future cash flows for the following reason. Using the average of the five...

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