Grayson Mill Bakken, Refracs and U-turn wells Refracs have been deployed in the Bakken to enhance production at existing wells. Ovintiv also closed the sale of the entirety of its Bakken assets, located in the Williston Basin of North Dakota, to Grayson Mill Bakken LLC in an all-cash transaction of $825 million. A more comprehensive calendar with Signature Community Events will be provided Grayson's middle school for gifted students empowers and unlocks the potential of gifted adolescents at this important period of rapid development. Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD $900 million. EnCap previously achieved successful portfolio exits, including a $4. Devon Energy 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. Ovintiv is also planning to sell all of its Bakken assets located in the Willison Basin of North Dakota to Grayson Mill Bakken LLC, for about $825 million in cash. The cash portion of the deal will be funded by existing cash, proceeds from borrowing, as well as $825 million from a separate sale of Ovintiv's Bakken acreage to EnCap-affiliated Grayson Mill Bakken. 75 billion in stock. EnCap Investments is exploring the sale of its Bakken shale-focused oil and gas producer, Grayson Mill Energy, reported Reuters. 4 days ago · Devon Energy Completes Strategic Acquisition in the Williston Basin Download OKLAHOMA CITY, Sept. Ovintiv also said Monday as it announced the acquisition from EnCap Investments that it is selling its Bakken assets of 46,000 net acres in the Williston Basin of North Dakota to Grayson Mill Bakken, another portfolio company of funds managed by EnCap, for $825 million cash. Ovintiv also closed the previously announced all cash sale of its Bakken assets in Williston basin, North Dakota, to Grayson Mill Bakken LLC, a portfolio company of funds managed by EnCap for $825 Devon completed its purchase of Grayson Mill Energy, expanding its area in the Williston Basin by 307,000 net acres. The Grayson School offers a challenging and accelerated gifted education for PreK, elementary school, middle school, and high school students in the greater Philadelphia area. 75 billion of stock to the sellers. 275 billion sale to Ovintiv in 2023. Just as importantly, at Grayson, your child will find a community of intellectual peers where individuality is celebrated and nurtured. Explore Devon Energy's surprising $5 billion Bakken acquisition in our latest webinar. “The acquisition of Grayson Mill is an excellent strategic fit for Devon that allows us to efficiently expand our oil production and operating scale while capturing a meaningful runway of highly economic drilling inventory,” stated Rick Muncrief, Devon’s president and CEO. Equinor is making an exit from the core US shale play of the Bakken after agreeing to sell its assets to Grayson Mill Energy in a deal worth $900 million. Malenfant Rahul Vashi Royalty Interests Partnership, LP and Grayson Mill Bakken, LLC matter. At the time of the announcement, the assets include 46,000 net acres and produced ~37 Mboepd in the 1st quarter 2023. Jul 8, 2024 · Devon energy announced Monday it was paying $5 billion in a cash-and-stock deal for the Williston Basin assets of Grayson Mill Energy. 25 billion in cash and $1. To that end, Ovintiv is selling all of its Bakken Shale assets in North Dakota to EnCap’s Grayson Mill Bakken LLC portfolio company for around $825 million. This transaction is subject to standard terms and conditions, including several purchase price adjustments. Estimated 1Q Bakken production is 37,000 boed (60 percent oil). Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD 900 million. N) announced on Monday its strategic move to acquire Grayson Mill Energy, a major Bakken-focused energy producer owned by private equity firm EnCap, in a cash-and-stock deal valued at $5 billion. Ovintiv also announced today that it has entered into a definitive agreement to sell the entirety of its Bakken assets located in the Williston Basin of North Dakota to Grayson Mill Bakken, LLC, a portfolio company of funds managed by EnCap for total cash proceeds of approximately $825 million. No. Company profile page for Grayson Mill Bakken LLC including stock price, company news, executives, board members, and contact information The addition of Grayson Mill will take its Bakken asset production from 50,000 barrels of oil equivalent per day (BOED) to 150,0000 BOED, meaning it will grow to about 20% of production. The deal includes $3. Learn about the strong and supportive community at The Grayson School including student life, special traditions, the Parents Association and alumni. The Bakken shale has seen record-breaking M&A activity, boosting EnCap's potential exit value. S. Devon Energy is now carrying out refracs on Bakken assets acquired from Grayson Mill. Jul 8, 2024 · Devon Energy announced on Monday its strategic move to acquire Grayson Mill Energy, a major Bakken-focused energy producer owned by private equity firm EnCap. The assets sit in Grayson Mill III (Bakken), a newly formed company with the same management. 32). The company also has some assets in the neighboring Powder River Basin of Wyoming. Plaintiff MBI Oil and Gas, LLC sued Grayson Mill and its lessor, Royalty Interests Partnership, LP, challenging the validity of Grayson Mill’s lease. Equinor has agreed to divest its interests in the Bakken field in North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around $900 million. Apr 3, 2023 · Vinson & Elkins advised Grayson Mill Bakken, LLC, a portfolio company of funds managed by EnCap in connection with its acquisition of the entirety of Ovintiv’s Bakken assets located in the Williston Basin of North Dakota for total cash proceeds of approximately $825 million. The acquisition transforms Devon’s Williston Basin business with the addition of more than 300,000 net acres, 500 undrilled gross locations and 300 refrac candidates, the Grayson Mill Energy, a Houston-based E&amp;P company backed by EnCap Investments, agreed in February to acquire Equinor’s Bakken interests, including associated midstream assets, in North Dakota and Montana for $900 million. 27. Transaction Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people Devon Energy has agreed to acquire Grayson Mill Energy's Williston basin business in a deal that's expected to close in the third quarter. 10, 2021. Jul 11, 2024 · Devon Energy is expanding its footprint in the Bakken Shale play with its $5-billion agreement to acquire the Williston Basin business of EnCap Investments’ Grayson Mill Energy. The sale to the EnCap Investments-backed Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter said on Thursday. completed its $5 billion cash-and-stock acquisition of Grayson Mill Energy, the E&P announced on Sept. Grayson Mill, formed in 2016, grew through acquisitions, becoming a major Bakken player with additional assets in Wyoming. J. 25 billion of cash and $1. (Id. Uncover the data behind this strategic move and what it means for the future of shale. MBI Oil and Gas, LLC (“MBI”) opposes Ovintiv’s motion to substitute Grayson Mill for itself for the purposes of the pending litigation. This gives Devon a 10-year drilling runway at just three rigs, ensuring steady production growth without overextending capital. Devon will pay $3. Devon Energy Completes Strategic Acquisition in the Williston Basin Download OKLAHOMA CITY, Sept. agreed to acquire the Williston Basin business of EnCap Investments LP’s Grayson Mill Energy for $5 billion as consolidation continues in the US oil patch. Ovintiv’s landholdings in the play totaled 46 thousand net acres as of December 31, 2022. The deal is valued at $5 billion. ). Bakken to Grayson Mill Reuters Published Feb 10, 2021 < 1 minute read OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) - Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3. GME announces the execution of a PSA with Ovintiv to acquire its Williston Basin position for $825 million. Equinor has finalized its $900MM sale of its Bakken assets to EnCap-backed Grayson Mill Energy. The transaction covers all of Equinor’s operated and non-operated acreage, totalling 242,000 net acres, and associated midstream assets in the Bakken. (NYSE: DVN) today announced that it has completed its previously announced acquisition of Grayson Mill Energy, for a transaction valued at $5 billion before giving effect to purchase price adjustments. Jul 18, 2024 · Devon Energy (DVN) will acquire the Williston Basin assets of Grayson Mill Energy for $5B in cash and stock. Equinor has agreed to sell its Bakken Shale operation for $900 million, ending a decade long struggle to make money in the US shale oil business. Grayson Mill Energy LLC is a Houston-based exploration and production company focused on the acquisition and development of oil and gas assets within various U. The deal is expected to close in the third quarter. Equinor will sell its entire Bakken acreage, located in the states of North Dakota and Montana, to Grayson Mill Energy, a company backed by private equity firm EnCap Investments, for a total of Grayson Mill Energy LLC, backed by EnCap Investments, acquired Bakken interests in North Dakota and Montana from Equinor ASA for $900 million. The Grayson School opened its doors ten years ago to 12 students with a mission to provide a differentiated and challenging curriculum tailored to the specific learning needs of gifted children. The deal is the latest amid E&P dealmaking that has transformed the Bakken industry in 2024, with room for more consolidation ahead. Equinor is selling its Bakken assets in Montana and North Dakota, a transaction that totals around $900 million, to a relatively new player, Grayson Mill Energy, backed by EnCap Investments, a Vinson & Elkins advised Grayson Mill Bakken, LLC, a portfolio company of funds managed by EnCap in connection with its acquisition of the entirety of Ovintiv’s Bakken assets located in the Williston Basin of North Dakota for total cash proceeds of approximately $825 million. The company also closed the previously announced all cash sale of its Bakken assets, located in the Williston basin of North Dakota to Grayson Mill Bakken, LLC, a portfolio company of funds Devon's acquisition of Grayson Mill's 307,000 net acres in North Dakota and Montana transforms its Bakken footprint, adding 500 undrilled locations and 300 refrac candidates to its inventory. unconventional resource plays. The buyer, Grayson Mill Energy, is acquiring wells producing around 48,000 BOE/D and 242,000 operated and non-operated acres in North Dakota and Montana. Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter said on Thursday. Grayson Mill was formed in 2016 by EnCap and its management team and grew to become one of the largest privately held energy producers in the Bakken, which stretches across North Dakota and parts of Montana. 75 billion in stock issued to the sellers. A year ago, with the deal closing in late September 2024, Devon acquired private, Bakken-focused Grayson Mill for about $5 billion: $3. for Ovintiv for the remainder of the litigation, as Grayson Mill has acquired Ovintiv’s Bakken assets, including the lease subject to this litigation. 75 billion in stock for the assets in the Bakken region of North Dakota and Montana, the company said in a statement Monday. (Doc. We provide our students a stimulating curriculum that pushes their boundaries and respects their unique learning paths. Conoco-Phillips also sees “significant upside potential” for refracs on its acquired Marathon acreage. Editor's note: Updated Feb. The transaction is subject to customary terms and conditions, including Homepage North America North America Legal Chronicle Grayson Mill Bakken’s $825 Million Acquisition of Ovintiv’s Bakken Assets Grayson Mill Bakken’s $825 Million Acquisition of Ovintiv’s Bakken Assets April 10, 2023 Pietro Martinoia Tagged: 4-10-2023 David Castro Jarrod Gamble Kirkland & Ellis Ovintiv R. The Grayson School is the only PreK through grade 12 independent school in Pennsylvania designed specifically to meet the intellectual needs of gifted children. As a result, Equinor has divested all its operated and non-operated acreage in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, along with associated midstream assets, for a total consideration of around USD 900 million. The deal was initially announced on February 10, 2021 and it marks Equinor's exit from the play. said it plans to close the Houston office of Grayson Mill Energy after its $5 billion acquisition of the Bakken shale business last year. . Discover Summer at The Grayson School The best accelerated summer enrichment programs from young EXPLORER camps through advanced CATALYST coursework begin June 15, 2026! My Grayson Veracross is a comprehensive school information management system that will serve as your central hub to monitor your child’s education, billing and activities at The Grayson School. The company is backed by Encap Investments LP. Independent oil & gas company Devon Energy (NYSE:DVN) has announced plans to acquire Grayson Mill Energy's Williston Basin business in a cash and stock deal valued at ~$5B Striking its first big acquisition of the current consolidation cycle, Devon Energy is acquiring EnCap Investments’ Grayson Mill Energy for $5 billion in cash and stock. Grayson Mill operates in the key Bakken oil region in North Dakota and Montana; the acquisition will add more than 300,000 acres to Devon's Equinor sells loss-making shale assets in U. Hogan Thompson Schuelke won the summary judgment on behalf of Grayson Mill in a valuable lease in the Bakken. Devon Energy (DVN. Its growth was boosted by acquisitions. Devon Energy expands its Williston Basin presence through a definitive purchase agreement to acquire Grayson Mill Energy's assets in the region. Devon Energy said on Monday it had entered into a deal to acquire certain assets of Bakken-focused energy producer Grayson Mill Energy, which is owned by private equity firm EnCap, in a cash-and To help finance the acquisition, Ovintiv sold all of its Bakken assets in the Williston Basin of North Dakota to Grayson Mill Bakken, LLC, a portfolio company of funds managed by EnCap. 27, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. Devon Energy has agreed to acquire the Williston basin business of Grayson Mill Energy, in a $5-billion cash and stock deal. Learn about the admissions process, tuition and fees, financial aid and how to apply to The Grayson School, Pennsylvania's only school for the gifted. A printable view of all important dates, events, and school breaks. Devon Energy Corp. 9pon7, liywxc, ukpl, 1cfk, dupz8, ffe9q6, gl8mq, tnrw9f, 5i2fx, 6lrxx,