07:22 AM EDT, 07/08/2024 (MT Newswires) -- Devon Energy ( DVN ) said Monday it has entered into a definitive purchase agreement to acquire Grayson Mill Energy's Williston Basin operations in a deal valued at $5 billion, consisting of $3.25 billion in cash and $1.75 billion in stock to the sellers.

Subject to customary terms and conditions, the deal is expected to close by the end of Q3, Devon said.

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