Devon Energy Corporation: WPX Energy combination significantly expands scale at reasonable valuation
Devon's announced combination with WPX is credit positive, benefitting from enhanced scale and good strategic fit in the Delaware Basin at a reasonable valuation.Devon Energy is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company's operations are concentrated in various onshore areas in United States. The company's areas of operation include Delaware Basin, Eagle Ford, Powder River Basin and the STACK development, located primarily in Oklahoma's Canadian, Kingfisher and Blaine counties.
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