GoodLifeStudio Devon Energy (NYSE:DVN) announced a major $5b acquisition of Grayson Mill on July 8, 2024, that will add 307,000 net acres in the Williston Basin to Devon’s inventory and increase daily production by 100Mboe/d with a forecast of 765Mboe/d going forward throughout eFY24. The firm has performed exceptionally well in a sequentially down oil market on the back of a -10% reduction in total capital investments through improved well performance. Despite slightly lower average cash margins across ...