Devon Energy received an $8 billion offer from Stone Ridge Asset Management for its Marcellus shale assets in Pennsylvania, potentially the largest asset-backed securitization in the US oil and gas sector. These assets represent about 20% of Devon's projected 2026 production and highlight Pennsylvania's growing role as a major natural gas producer. The offer sets a clear valuation for the assets and could lead to innovative financing models, benefiting both Devon and the Pennsylvania energy market. Regardless of the deal's outcome, Pennsylvania's welcoming stance on energy development positions it as a key player in the US energy landscape.
Devon Energy announced its updated 2026 outlook following its merger with Coterra Energy, projecting average production of 1.38 million barrels of oil equivalent per day, including 500,000 barrels of oil daily. The company plans $4.9 billion in capit...
Devon Energy announced an extension of the deadline for its private exchange offers, allowing holders of Coterra Energy notes to exchange them for new Devon notes plus cash. As of June 5, 2026, a significant majority of notes across various series ha...
