Stone Ridge bids $8 billion for Devon's Marcellus assets

Summary

Stone Ridge Asset Management has made an $8 billion offer for Devon Energy's Marcellus shale assets in Pennsylvania. This bid follows Devon's recent merger with Coterra and reflects strong investor interest in long-life natural gas assets as Devon seeks to optimize its portfolio.

Recent Coverage

• Stone Ridge Makes $8 Billion Bid for Devon’s Marcellus Position

  Oil & Gas Leads • May 29