Oil & Gas

28 Sep 2020

U.S. Shale Producers Devon Energy , WPX Energy in Merger Talks

28 Sep 2020  by Reuters   

U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a combined company worth around $6 billion, people familiar with the matter said on Saturday.

The deal, which would value Tulsa, Oklahoma-based WPX at a small premium to its current share price, could be announced as soon as next week, according to one of the sources.

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