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Stone Ridge tables $8bn bid for Devon’s Marcellus assets
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Investment Firm Offers Devon Energy $8B for PA Marcellus Assets - Marcellus Drilling News
From the very first whisper of the rumor that Devon Energy was sniffing around a buyout and merger with Coterra Energy, we wondered, speculated, and worried about what such a merger would mean for Coterra’s considerable Marcellus assets in northeast Pennsylvania. From the outset, activist investor Kimmeridge (with a stake in both Coterra and Devon)...
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