US Shale Producers Devon, WPX Energy Agree to All-stock Merger

Transaction Type
Permian/Delaware Basin; Eagle Ford Shale; Anadarko Basin/STACK; Powder River Basin; Williston Basin/Bakken
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Acquired in an all-stock combination transaction creating a multibasin company with positions across the Permian/Delaware Basin, Eagle Ford, Anadarko Basin/STACK, Powder River Basin and Williston Basin/Bakken including 400,000 net acres in the Delaware Basin accounting for nearly 60% of its total oil production; includes assumption of $3.2 billion net debt.