Devon Energy and Coterra Energy to Merge, Creating Premier Shale Operator.
ByAinvest
Monday, Feb 2, 2026 8:01 am ET1min read
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Devon Energy and Coterra Energy are merging in an all-stock transaction, creating a leading large-cap shale operator. The combined company, named Devon Energy, will be headquartered in Houston with a significant presence in Oklahoma City. The merger is expected to unlock value through synergies and the realization of $1 billion in annual pre-tax synergies.
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