Moody's Ratings says Devon's ratings unaffected by its Williston Basin acquisition
Moody's Ratings (Moody's) said that Devon Energy Corporation's (Devon, Baa2 stable) plan to acquire the Williston Basin business of Grayson Mill Energy (Grayson Mill, unrated) in a transaction valued at $5 billion does not affect its current ratings or stable outlook. The transaction significantly e...Devon Energy is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company's operations are concentrated in various onshore areas in United States. The company's areas of operation include Delaware Basin, Eagle Ford, Powder River Basin and the STACK development, located primarily in Oklahoma's Canadian, Kingfisher and Blaine counties.
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