Announced
Financials
Tags
Pending
United States
Infrastructure
Majority
Domestic
Friendly
Single Bidder
oil and gas
Private
Private Equity
Integrated Oil and Gas
Acquisition
Synopsis
Devon, an independent energy company, agreed to acquire Williston basin assets of Warburg Pincus-backed RimRock Oil and Gas, an independent oil and gas company, for $865m. "Over the course of our partnership, RimRock built a strategic acreage position with a sizable inventory of core drilling locations, developing a clearly differentiated asset in the Basin. We would like to thank Jim and the RimRock team for their hard work and dedication to create a strong business of scale and value," John Rowan, Warburg Pincus Managing Director.
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