Devon Energy acquires 16,300 acres in Delaware Basin for $2.6 billion

Filed May 21, 2026 · Period ending May 20, 2026 · ~1 min read

Key Changes

• high

  Devon completed purchase of 16,300 net undeveloped acres in New Mexico's Delaware Basin for approximately $2.6 billion ($161,500 per acre) through a Bureau of Land Management lease sale on May 20, 2026.

  Item 8.01 verify on EDGAR →
• high

  The acquisition expands Devon's position in the core Permian Basin oil region, adding significant undeveloped acreage in Lea and Eddy Counties, New Mexico.

  8-K: Acquisition verify on EDGAR →
• medium

  The per-acre price of $161,500 represents premium pricing for Delaware Basin acreage, reflecting the strategic value of this oil-rich region.

  Item 8.01 verify on EDGAR →