Devon Energy completed the acquisition of Validus Energy for $1.8bn.

Devon Energy, an energy company engaged in hydrocarbon exploration, completed the acquisition of Validus Energy, an advanced power solutions and lifecycle management company, for $1.8bn. “The Validus acquisition captures a top-tier oil resource with a meaningful runway of highly economic inventory that is complementary to our existing footprint in the Eagle Ford. This accretive transaction also enhances our financially-driven strategy that is designed to deliver per-share financial growth and accelerate the return of capital to our shareholders,” Rick Muncrief, Devon President and CEO.