Devon Energy Corporation (NYSE:DVN) entered into a definitive purchase agreement to acquire Validus Energy Services LLC for $1.8 billion on August 9, 2022. The consideration will be paid in cash. The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of 2022, with an effective date of June 1, 2022. The transaction is immediately accretive to financial metrics. RBC Capital Markets Inc. acted as financial advisor to Validus Energy Services LLC.

Devon Energy Corporation (NYSE:DVN) completed the acquisition of Validus Energy Services LLC on September 28, 2022. David M. Castro Jr. P.C., Rahul D. Vashi, P.C., Kevin T. Crews; Rami Totari; William C. Eiland, Mark Dundon, P.C., Jonathan E. Kidwell; Jordan Roberts; Michael Rigdon of Kirkland & Ellis LLP acted as legal advisor to Devon Energy Corporation.