Devon Energy held talks about combination with Marathon Oil, Bloomberg reports

Devon Energy (DVN) is considering major acquisition targets to gain scale in U.S. shale and has recently held talks with Marathon Oil (MRO) about a potential combination, Bloomberg’s Kiel Porter, David Wethe and Mitchell Ferman report, citnig people familiar with the matter. The report states that the companies would be “complementary” since they both operate in basins in the Midwestern US, Oklahoma, Texas and New Mexico. Devon has also considered combining for CrownRock LP, which is active in the Permian Basin – the biggest and most productive oil field in the US, Bloomberg states.