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Shale drillers combine in peer-to-peer merger, creating entity with combined market value of approximately $ 6 billion Decision could help them weather prolonged drop in demand for oil amid Covid-19 pandemic
The merger is good news for investors in both companies, whose shares have fallen more than 60% this year
Devon Energy Corp undefined and WPX Energy Inc undefined said they have agreed to combine in a peer-to-peer merger with enterprise value
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