Devon Energy to buy shale peer WPX for USD2.56B in Delaware push

Devon Energy to buy shale peer WPX for USD2.56B in Delaware push
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23.10.2020

MOSCOW (MRC) -- U.S. oil and gas producer Devon Energy Corp announced it will buy Permian basin peer WPX Energy Inc for USD2.56 billion as it looks to boost its presence in the Delaware portion of the prolific shale field, said Hydrocarbonprocessing.The deal comes as U.S. shale companies post losses due to weak crude prices and struggle to raise new capital to restructure debt. But as pro

Full article at mrcplast.com

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