Devon-PennzEnergy merger seen as favorable

05/31/1999
The U.S. financial community has taken a generally positive view of the proposed merger of Oklahoma City's Devon Energy Corp. and Houston's PennzEnergy Co. The two companies announced a definitive merger agreement May 20 (OGJ, May 24, 1999, Newsletter). The deal would create a top-10 U.S. independent oil and gas producer. Following news of the merger, several credit-reporting agencies either upgraded both firms' credit ratings or put them on watch with positive implications. Only one ratings firm sees the deal as possibly detrimental to Devon. Standard & Poor's put Devon on watch with negative implications, although it sees the deal as potentially benefici...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected