Devon Energy DVN -1.65%decrease; red down pointing triangle has agreed to acquire Grayson Mill Energy, a oil-and-gas producer in the Williston Basin, in a cash-and-stock deal valued at $5 billion.
The Oklahoma City-based Devon said Monday that it would pay $3.25 billion in cash and $1.75 billion in stock to acquire Grayson Mill, which operates drilling rigs in the Bakken oil region in North Dakota and Montana.
Source: REUTER
