Another Merger Being Explored in the U.S. Shale Space ...Middle East

As mergers and acquisitions heat up in the U.S. shale industry, U.S. oil and gas producer Devon Energy is looking to purchase Enerplus, anonymous sources told Reuters on Thursday. The potential tie-up would see the $3 billion valued Enerplus acquired by  $30 billion Devon Energy, adding to the string of other mergers and acquisitions in the North American oil and gas industry, including megadeals such as Exxon’s acquisition of Pioneer Natural Resources and Chevron’s acquisition of Hess, along with Occidental’s purchase of…

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