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2024-07-09 05:31:00 ET The oil industry has been in the midst of a massive consolidation wave sparked by Exxon 's acquisition of Pioneer Natural Resources. Since then, most large oil companies have agreed to acquire a smaller rival to enhance their scale and abilit...
OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) -- Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion...