US independent Devon Energy has strengthened its leading position in the Delaware Basin by securing nearly half of the acreage on offer in New Mexico in the latest federal lease sale, building on the scale it had already gained through its recent merger with Coterra Energy.
Devon Makes Acquisition-Level Splash in US Lease Sale
The shale producer spent a whopping $2.63 billion to secure nearly half of the New Mexico acreage on offer in the BLM's latest lease sale.














