Devon to Buy PennzEnergy in $2.42 Billion Deal

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.

Offshore

Sponsored Content

Preparing for S-100 Without Replacing Everything You Already Rely On

Navigating trade uncertainty: How ports adapt to shifting tariff policies

From Markets to Mother Nature, Lake Carriers Challenged

February 2026

Read the Magazine

The Role of FPSOs in the Maritime Energy Transition

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week

Devon to Buy PennzEnergy in $2.42 Billion Deal

Second Cook

Chief Steward

First Officer - Mixed Work Schedule

Assistant Cook

Operations Chief

Sponsored Content

Preparing for S-100 Without Replacing Everything You Already Rely On

Navigating trade uncertainty: How ports adapt to shifting tariff policies

From Markets to Mother Nature, Lake Carriers Challenged

The Role of FPSOs in the Maritime Energy Transition

Devon to Buy PennzEnergy in $2.42 Billion Deal

Related News

Costamare Dry Bulk Spin-Off Spurs Solid Result

Op/Ed: Arctic Ice is a U.S Shipbuilding Thermostat – Let’s Turn Up the Heat

MacGregor to Supply Cargo Access, Deck Machinery for BC Ferries’ Newbuilds

Trump Calls Out California, UK Energy Deal

Sponsored Content

Preparing for S-100 Without Replacing Everything You Already Rely On

Navigating trade uncertainty: How ports adapt to shifting tariff policies

Jobs

Second Cook

Chief Steward

First Officer - Mixed Work Schedule

Assistant Cook

Operations Chief

Sponsored Content

Preparing for S-100 Without Replacing Everything You Already Rely On

Navigating trade uncertainty: How ports adapt to shifting tariff policies

From Markets to Mother Nature, Lake Carriers Challenged

The Role of FPSOs in the Maritime Energy Transition