Aspects of Devon Energy's Acquisition of PennzEnergy

Background

On May 21, 1999, the Wall Street Journal reported that Devon Energy Corporation acquired PennzEnergy Corporation for $723.4 million in stock. The following table shows EIA and company data for the Devon Energy-PennzEnergy merger. This table is similar to data presentations that have been previously requested from EIA for other significant energy company mergers and/or corporate alliances.

U.S. Oil and Gas Production

Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration, June 1, 1999

URL: http://www.eia.doe.gov/emeu/finance/m&a/dpindex.html

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