• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Devon Energy and WPX Energy Complete Merger of Equals Transaction

    1/7/21 9:00:00 AM ET
    $WPX
    $DVN
    Oil & Gas Production
    Energy
    Oil & Gas Production
    Energy
    Get the next $WPX alert in real time by email

    OKLAHOMA CITY and TULSA, Okla., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the successful completion of their previously announced all-stock merger of equals, creating a leading energy producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin. The combined company will operate under the name Devon Energy and be headquartered in Oklahoma City.

    “This transformational merger enhances the scale of our operations, builds a dominant position in the Delaware Basin and accelerates our cash-return business model that prioritizes free cash flow generation and the return of capital to shareholders,” said Dave Hager, executive chairman. “We are excited to combine our teams and we look forward to executing on our disciplined strategy to create value for all of our stakeholders.”

    “I want to thank employees for their determined work to complete a transaction of this size and scale in basically just three months,” said Rick Muncrief, president and CEO. “This paves the way for our integration to pick up even more steam and establishes Devon as one of the strongest energy producers in the U.S.

    “The combined company’s advantaged assets, operating capabilities, balance sheet, and our resolve to pursue efficient, innovative ways of doing business positions Devon to deliver differentiated financial and operational results for many years to come.”

    In accordance with the merger agreement, WPX shareholders received a fixed exchange of 0.5165 shares of Devon common stock for each share of WPX common stock owned. WPX common stock will no longer be listed for trading on the NYSE.

    BOARD OF DIRECTORS

    The company’s combined new board of directors consists of 12 members:

    • David A. Hager, executive chairman of the board
    • Barbara M. Baumann
    • John E. Bethancourt
    • Ann G. Fox
    • Kelt Kindick
    • John Krenicki Jr.
    • Karl F. Kurz
    • Robert A. Mosbacher Jr.
    • Richard E. Muncrief
    • D. Martin Phillips
    • Duane C. Radtke
    • Valerie M. Williams

    ABOUT DEVON ENERGY

    Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.

    Investor ContactsMedia Contacts
    Scott Coody, 405-552-4735Lisa Adams, 405-228-1732
    Chris Carr, 405-228-2496Kelly Swan, 539-573-4944
    David Sullivan, 539-573-9360

    FORWARD LOOKING STATEMENTS

    This communication includes “forward-looking statements” as defined by the Securities and Exchange Commission (“SEC”). Such statements include those concerning strategic plans, Devon’s expectations and objectives for future operations, as well as other future events or conditions, and are often identified by use of the words and phrases such as “expects,” “believes,” “will,” “would,” “could,” “continue,” “may,” “aims,” “likely to be,” “intends,” “forecasts,” “projections,” “estimates,” “plans,” “expectations,” “targets,” “opportunities,” “potential,” “anticipates,” “outlook” and other similar terminology. All statements, other than statements of historical facts, included in this communication that address activities, events or developments that Devon expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond Devon’s control. Consequently, actual future results could differ materially from Devon’s expectations due to a number of factors, including, but not limited to: the risk that Devon’s and WPX’s businesses will not be integrated successfully; the risk that the cost savings, synergies, growth and other benefits from the merger may not be fully realized (if at all) or may take longer to realize than expected; the diversion of management time on transaction-related issues; the effect of future regulatory or legislative actions, including the risk of new restrictions with respect to hydraulic fracturing or other development activities on federal acreage or other assets; the risk that the credit ratings of Devon or its subsidiaries (including WPX) may be different from what was previously expect; potential liability resulting from pending or future litigation; changes in the general economic environment, or social or political conditions, that could affect the businesses; the ability to hire and retain key personnel; reliance on and integration of information technology systems; the risks associated with assumptions the parties make in connection with the parties’ critical accounting estimates and legal proceedings; the volatility of oil, gas and natural gas liquids (NGL) prices; uncertainties inherent in estimating oil, gas and NGL reserves; the impact of reduced demand for our products and products made from them due to governmental and societal actions taken in response to the COVID-19 pandemic; the uncertainties, costs and risks involved in Devon’s operations, including as a result of employee misconduct; natural disasters, pandemics, epidemics (including COVID-19 and any escalation or worsening thereof) or other public health conditions; counterparty credit risks; risks relating to indebtedness; risks related to hedging activities; competition for assets, materials, people and capital; regulatory restrictions, compliance costs and other risks relating to governmental regulation, including with respect to environmental matters; cyberattack risks; Devon’s limited control over third parties who operate some of its oil and gas properties; midstream capacity constraints and potential interruptions in production; the extent to which insurance covers any losses Devon may experience; risks related to investors attempting to effect change; general domestic and international economic and political conditions, including the impact of COVID-19; and changes in tax, environmental and other laws, including court rulings, applicable to Devon’s business. For a more detailed discussion of such risks and other factors, see Devon’s and WPX’s 2019 Annual Reports on Form 10-K and their other filings with the SEC.

    In addition to the foregoing, the COVID-19 pandemic and its related repercussions have created significant volatility, uncertainty and turmoil in the global economy and Devon’s industry. This turmoil has included an unprecedented supply-and-demand imbalance for oil and other commodities, resulting in a swift and material decline in commodity prices in early 2020. Devon’s future actual results could differ materially from the forward-looking statements in this communication due to the COVID-19 pandemic and related impacts, including, by, among other things: contributing to a sustained or further deterioration in commodity prices; causing takeaway capacity constraints for production, resulting in further production shut-ins and additional downward pressure on impacted regional pricing differentials; limiting Devon’s ability to access sources of capital due to disruptions in financial markets; increasing the risk of a downgrade from credit rating agencies; exacerbating counterparty credit risks and the risk of supply chain interruptions; and increasing the risk of operational disruptions due to social distancing measures and other changes to business practices. Additional information concerning other risk factors is also contained in Devon’s most recently filed Annual Reports on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other SEC filings.

    Many of these risks, uncertainties and assumptions are beyond Devon’s ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

    All subsequent written and oral forward-looking statements concerning Devon, WPX, the merger or other matters and attributable to Devon or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Devon assumes no duty to update or revise their respective forward-looking statements based on new information, future events or otherwise.


    Related Articles

    More articles issued by Devon Energy Corporation
    More articles related to:
    Directors and Officers
    Mergers and Acquisitions
    Stock Market News
    Get the next $WPX alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $WPX
    $DVN

    CompanyDatePrice TargetRatingAnalyst
    Devon Energy Corporation
    $DVN
    1/15/2025$45.00Mkt Perform → Outperform
    Bernstein
    Devon Energy Corporation
    $DVN
    1/14/2025$44.00Hold → Buy
    The Benchmark Company
    Devon Energy Corporation
    $DVN
    1/3/2025$45.00Peer Perform → Outperform
    Wolfe Research
    Devon Energy Corporation
    $DVN
    12/5/2024$43.00Overweight → Neutral
    Analyst
    Devon Energy Corporation
    $DVN
    11/7/2024$49.00 → $43.00Buy → Hold
    Truist
    Devon Energy Corporation
    $DVN
    10/3/2024$45.00Hold
    Jefferies
    Devon Energy Corporation
    $DVN
    7/18/2024Peer Perform
    Wolfe Research
    Devon Energy Corporation
    $DVN
    4/10/2024$59.00Equal Weight
    Barclays
    More analyst ratings

    $WPX
    $DVN
    SEC Filings

    See more
    • SEC Form 8-K filed by Devon Energy Corporation

      8-K - DEVON ENERGY CORP/DE (0001090012) (Filer)

      6/6/25 7:45:33 AM ET
      $DVN
      Oil & Gas Production
      Energy
    • SEC Form 10-Q filed by Devon Energy Corporation

      10-Q - DEVON ENERGY CORP/DE (0001090012) (Filer)

      5/7/25 12:00:30 PM ET
      $DVN
      Oil & Gas Production
      Energy
    • SEC Form 8-K filed by Devon Energy Corporation

      8-K - DEVON ENERGY CORP/DE (0001090012) (Filer)

      5/6/25 4:16:18 PM ET
      $DVN
      Oil & Gas Production
      Energy

    $WPX
    $DVN
    Leadership Updates

    Live Leadership Updates

    See more
    • Kayne Anderson Energy Infrastructure Fund Announces Appointment of New Independent Directors

      HOUSTON, May 27, 2025 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the "Company" or "KYN") announced today the appointments of Holli C. Ladhani and Michael N. Mears as independent directors of the Company, effective immediately. Following the retirements of Anne K. Costin and Albert L. Richey earlier this year, the appointments of Ms. Ladhani and Mr. Mears return the Company's Board to eight members, seven of whom are independent. Holli C. Ladhani is an experienced executive and board director in the energy, chemicals, power, and infrastructure sectors. Ms. Ladhani most recently served as President, Chief Executive Officer, and a member of the board of directors of

      5/27/25 4:15:00 PM ET
      $DVN
      $KYN
      $PWR
      $SRE
      Oil & Gas Production
      Energy
      Finance/Investors Services
      Finance
    • Devon Energy Appoints John Bethancourt as Chair of Its Board of Directors

      OKLAHOMA CITY, June 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that the company's board of directors has appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon's board in 2014 following his retirement from Chevron's executive team. He currently chairs the board's reserves committee while also serving on the board's compensation committee. Bethancourt succeeds Barbara Baumann, who will remain on the board and join the compensation committee and governance, environmental, and public policy committee. Baumann was recently named chair of the independent board of trustees of the Putnam Mutual Funds, effecti

      6/5/24 9:53:08 AM ET
      $DVN
      Oil & Gas Production
      Energy
    • Devon Energy Appoints Michael Mears and Gennifer Kelly to Board of Directors

      OKLAHOMA CITY, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that Michael Mears and Gennifer Kelly have joined its board of directors. Michael Mears is the former chairman, president and CEO of Magellan Midstream Partners. Gennifer Kelly previously held the role of chief operating officer and SVP of Western Midstream Partners. "I am excited about the opportunity to work closely with Michael and Gennifer," said Rick Muncrief, president and CEO. "Their industry insights and proven leadership will be invaluable for Devon as we continue to build long-term shareholder value." "Michael and Gennifer will bring a diverse range of perspectives and backgrounds to

      1/3/23 4:05:23 PM ET
      $DVN
      Oil & Gas Production
      Energy

    $WPX
    $DVN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Devon Energy Schedules Second-Quarter 2025 Earnings Release and Conference Call

      OKLAHOMA CITY, June 25, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report second-quarter 2025 results on Tuesday, August 5, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2025 results will be available on the company's website at www.devonenergy.com. On Wednesday, August 6, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon's website at www.devonenergy.com. A replay will be available on the website following the call. ABOUT DEVON ENER

      6/25/25 11:45:12 AM ET
      $DVN
      Oil & Gas Production
      Energy
    • WaterBridge Issues Statement on Updated Permitting Regulations From the Railroad Commission of Texas

      WaterBridge, an industry leader in produced water midstream infrastructure, today issued the following statement following the Railroad Commission of Texas' (RRC) recently-announced permitting guidance for new or amended permits for produced water handling facilities in the Permian Basin. WaterBridge's Commitment to Regulatory Excellence and Industry Leadership The updated permitting guidelines instituted by the RRC are closely aligned with WaterBridge's current operating practices for produced water handling via underground injection and will not materially impact our operations. Industry practices in the Permian Basin are ever evolving. Over the past decade, the RRC has increasingly

      6/12/25 4:30:00 PM ET
      $DVN
      $LB
      Oil & Gas Production
      Energy
    • Devon Energy to Participate in a Fireside Chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference

      OKLAHOMA CITY, June 12, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced Clay Gaspar, President and CEO will participate in a fireside chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference. The fireside chat is scheduled for 9:20 a.m. Central time (10:20 a.m. Eastern time) on Tuesday, June 24, 2025 and will be webcast live on Devon's website at www.devonenergy.com. A replay of the webcast will be available for 30 days following the event. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon's disciplined cash-ret

      6/12/25 11:15:16 AM ET
      $DVN
      Oil & Gas Production
      Energy

    $WPX
    $DVN
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Williams Valerie was granted 7,288 shares, increasing direct ownership by 19% to 46,467 units (SEC Form 4)

      4 - DEVON ENERGY CORP/DE (0001090012) (Issuer)

      6/5/25 4:49:42 PM ET
      $DVN
      Oil & Gas Production
      Energy
    • Director Mears Michael N was granted 7,288 shares, increasing direct ownership by 65% to 18,442 units (SEC Form 4)

      4 - DEVON ENERGY CORP/DE (0001090012) (Issuer)

      6/5/25 4:46:38 PM ET
      $DVN
      Oil & Gas Production
      Energy
    • Director Kindick Kelt was granted 7,288 shares, increasing direct ownership by 23% to 39,486 units (SEC Form 4)

      4 - DEVON ENERGY CORP/DE (0001090012) (Issuer)

      6/5/25 4:43:58 PM ET
      $DVN
      Oil & Gas Production
      Energy

    $WPX
    $DVN
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Devon Energy upgraded by Bernstein with a new price target

      Bernstein upgraded Devon Energy from Mkt Perform to Outperform and set a new price target of $45.00

      1/15/25 7:34:17 AM ET
      $DVN
      Oil & Gas Production
      Energy
    • Devon Energy upgraded by The Benchmark Company with a new price target

      The Benchmark Company upgraded Devon Energy from Hold to Buy and set a new price target of $44.00

      1/14/25 7:51:50 AM ET
      $DVN
      Oil & Gas Production
      Energy
    • Devon Energy upgraded by Wolfe Research with a new price target

      Wolfe Research upgraded Devon Energy from Peer Perform to Outperform and set a new price target of $45.00

      1/3/25 7:22:55 AM ET
      $DVN
      Oil & Gas Production
      Energy

    $WPX
    $DVN
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Muncrief Richard E exercised 42,582 shares at a strike of $41.53, covered exercise/tax liability with 41,049 shares and bought $666,300 worth of shares (15,000 units at $44.42), increasing direct ownership by 0.85% to 1,973,006 units (SEC Form 4)

      4 - DEVON ENERGY CORP/DE (0001090012) (Issuer)

      3/4/24 6:15:24 PM ET
      $DVN
      Oil & Gas Production
      Energy

    $WPX
    $DVN
    Financials

    Live finance-specific insights

    See more
    • Devon Energy Schedules Second-Quarter 2025 Earnings Release and Conference Call

      OKLAHOMA CITY, June 25, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced it will report second-quarter 2025 results on Tuesday, August 5, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2025 results will be available on the company's website at www.devonenergy.com. On Wednesday, August 6, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon's website at www.devonenergy.com. A replay will be available on the website following the call. ABOUT DEVON ENER

      6/25/25 11:45:12 AM ET
      $DVN
      Oil & Gas Production
      Energy
    • Devon Energy Reports First-Quarter 2025 Results and Declares Quarterly Dividend

      OKLAHOMA CITY, May 06, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today reported financial and operational results for the first-quarter 2025. The company also declared its quarterly dividend and provided an updated 2025 outlook. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's first-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, May 7, 2025, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a lea

      5/6/25 4:05:57 PM ET
      $DVN
      Oil & Gas Production
      Energy
    • Devon Energy Unveils Value Enhancing Business Optimization Plan

      HIGHLIGHTS Targeting $1 billion in annual pre-tax free cash flow improvementsBusiness optimization plan underway to improve margins and capital efficiencyPlan includes improvements to base production performance, midstream commercial terms and corporate costsExpected to be completed by the end of 2026, with 30 percent achieved by year-end 2025 OKLAHOMA CITY, April 22, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) today announced its business optimization plan to improve margins and capital efficiency, growing free cash flow generation and driving significant shareholder value. "I'm excited to announce the details of our business optimization plan, set to enhance margins and del

      4/22/25 6:55:16 AM ET
      $DVN
      Oil & Gas Production
      Energy

    $WPX
    $DVN
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Devon Energy Corporation (Amendment)

      SC 13G/A - DEVON ENERGY CORP/DE (0001090012) (Subject)

      1/30/24 1:59:04 PM ET
      $DVN
      Oil & Gas Production
      Energy
    • SEC Form SC 13G/A filed by Devon Energy Corporation (Amendment)

      SC 13G/A - DEVON ENERGY CORP/DE (0001090012) (Subject)

      2/9/23 11:16:37 AM ET
      $DVN
      Oil & Gas Production
      Energy
    • SEC Form SC 13G/A filed by Devon Energy Corporation (Amendment)

      SC 13G/A - DEVON ENERGY CORP/DE (0001090012) (Subject)

      2/6/23 1:20:06 PM ET
      $DVN
      Oil & Gas Production
      Energy