Devon Energy and Coterra Energy to Merge, Create Premier Shale Operator
ByAinvest
Monday, Feb 2, 2026 8:15 am ET1min read
CTRA--
DVN--
Devon Energy and Coterra Energy are merging in an all-stock transaction to create a premier shale operator. The combined company, named Devon Energy, will be headquartered in Houston and maintain a presence in Oklahoma City. The deal is expected to unlock $1 billion in annual pre-tax synergies by leveraging the companies' core strengths and capital efficiency.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet