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Market Chatter: Devon Energy Gets $8 Billion Offer for Marcellus Shale Assets From Stone Ridge

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Devon Energy (DVN) received an $8 billion offer from Stone Ridge Asset Management for its Marcellus shale assets in Pennsylvania, Reuters reported Friday, citing four people familiar with the matter.

Devon hasn't made any decision on the assets after merging earlier this month with Coterra Energy, the report said.

Stone Ridge made the offer to initiate talks about a deal with Devon, the report said.

Devon and Stone Ridge did not immediately respond to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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