Stone Ridge offers around $8 billion for Devon's Marcellus shale position, sources say The Stone Ridge offer would be supported by largest ever ABS financing in US oil and gas, sources say Devon reviewing its business post-Coterra merger, prioritizing shareholder value and capital allocation Unclear whether Stone Ridge offer will lead to any deal for Devon's Marcellus position NEW YORK, May 29 (Reuters) - Devon Energy DVN.N has received a roughly $8 billion offer from money manager Stone Ridge Asset Management for its Marcellus shale assets, four people familiar with the matter said. The move comes as Devon reviews its business in the wake of closing its $58 billion merger with Coterra Energy earlier this month, a combination which created one of the largest independent oil and gas producers in the United States, with a presence in a half-dozen regions led by the Delaware portion of the Permian basin in Texas and New Mexico. Stone Ridge submitted its Marcellus offer as a way to initiate conversations about a deal with Devon, said the sources, who noted that Devon had not made any decisions on the future of the natural gas-focused position, which previously belonged to Coterra and covers 190,000 net acres in Pennsylvania. There is no guarantee that the Stone Ridge offer would lead to a sale of the Marcellus position, or even a consideration of a sale by Devon, the sources said. They also spoke on condition of anonymity to discuss confidential information. Devon and Stone Ridge did not respond to comment requests.