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Devon Energy and WPX Energy Complete Merger of Equals Transaction


Press release content from Business Wire. The AP news staff was not involved in its creation.
Devon Energy and WPX Energy Complete Merger of Equals Transaction
January 7, 2021 GMT
TULSA, Okla. (BUSINESS WIRE) Jan 7, 2021
Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the successful completion of their previously announced all-stock merger of equals, creating a leading energy producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin. The combined company will operate under the name Devon Energy and be headquartered in Oklahoma City. ....

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Devon and WPX Merge


Devon Energy and WPX Energy have completed their all-stock merger.
Calling it a “merger of equals,” Oklahoma City-based Devon Energy Corp. (NYSE: DVN) and Tulsa-based WPX Energy, Inc. (NYSE: WPX) reported Thursday that they have completed their all-stock combination.
Under the deal, WPX shareholders received 0.5165 shares of Devon common stock for each WPX common stock share owned. Devon and WPX shareholders approved the transaction on Dec. 30, 2020, and the Oklahoma City-based combined company will operate using the name Devon Energy. Devon pointed out Thursday that WPX common stock will no longer be listed for trading on the New York Stock Exchange. ....

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Devon Completes 'Merger of Equals' Transaction with WPX Energy


Devon Completes ‘Merger of Equals’ Transaction with WPX Energy
The combined company will operate under the name Devon Energy with a premium acreage position in the economic core of the Delaware Basin.
Hart Energy Staff
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Devon Energy Corp. and WPX Energy Inc. completed the previously announced all-stock merger, the U.S. oil and gas producers said in a joint release on Jan. 7.
The transaction, announced in September 2020, was described by the companies as a “merger of equals” and gives Devon a premium acreage position in the economic core of the Delaware Basin. The all-stock deal was valued at about $5.75 billion, which includes the assumption of $3.2 billion in net debt. ....

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