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Validus Energy

Company Summary

Description

Validus Energy is a Denver-based exploration and production company focused on the acquisition and exploitation of upstream oil and gas assets. The Company’s primary objective is to build and operate a large-scale portfolio of producing wells and drilling locations in the Eagle Ford Shale.

Validus Energy is financially backed by equity commitments from Pontem Energy Capital (“PEC”), other institutions, and private investors. 

Website

https://validus-energy.com/

Operational Regions

  • Eagle Ford

Related Entities

Recent news

  • 2/15/2023 - Devon Energy Forecasting... (subscriber access)
  • 2/15/2023 - Devon Energy Provides... (subscriber access)
  • 11/2/2022 - Devon Energy Increases... (subscriber access)
  • 11/2/2022 - Devon Energy Increases... (subscriber access)
  • 11/2/2022 - Devon Reports 3Q22 Eagle... (subscriber access)

Company Transactions

Date: 9/30/2022
Type: Acquisition

BUYERS:
  • Devon Energy Corporation
    • SELLERS:
  • Validus Energy
    • DETAILS:

    COST: 1.8 $B

    VOLUMES: 35 MBOE/d

    ACRES: 42000 Acres

    NOTES:
    Devon Energy announced that it has signed a deal to acquire Validus Energy in the Eagle Ford Shale for $1.8 Billion. They expect to close on the deal by late 3Q22.
    REGIONS:
  • Eagle Ford

    • Date: 5/15/2021
    Type: Acquisition

    BUYERS:
  • Validus Energy
  • Pontem Energy Capital
    • SELLERS:
  • Ovintiv Inc.
    • DETAILS:

    COST: 880 $MM

    VOLUMES: 21 MBOE/d

    REGIONS:
  • Eagle Ford