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Devon to Buy PennzEnergy in $2.42 Billion Deal

Maritime Activity Reports, Inc.

May 21, 1999

Devon Energy Corp. reportedly plans to acquire PennzEnergy Co. in a friendly $2.4 billion deal that would create one of the 10 largest independent U.S. oil and gas producers.
Trite but true, the path to decarbonization has no ‘silver bullet’ solution.
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