Devon Energy and Coterra Energy to Merge in All-Stock Deal to Form Large-Cap Shale Operator
ByAinvest
Monday, Feb 2, 2026 10:48 am ET1min read
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Devon Energy and Coterra Energy have agreed to merge in an all-stock deal to create a large-cap shale operator. The deal is expected to create one of the largest independent oil and gas producers in the US. The combined company will have a market value of over $22 billion and produce approximately 750,000 barrels of oil equivalent per day. The deal is subject to regulatory approvals and is expected to close in the second half of 2023.
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