Devon Energy, Coterra Merger Makes Sense Due to Asset Overlap: RBC

Devon Energy and Coterra Energy are considering a merger due to asset overlap, according to RBC. The deal would make sense as it would allow the companies to combine their assets and reduce redundancies. Devon Energy is an independent oil and natural gas exploration and production company, while Coterra Energy is a newly formed company that resulted from the merger of WPX Energy and Crescent Point Energy.