U.S. shale producers Devon and Coterra to merge in a $58 billion deal

Devon Energy announces merger with Coterra Energy, to move headquarters to Texas

Devon Energy has announced a multi-billion-dollar merger with Coterra Energy in an agreement that will move the company's headquarters to Texas.

Devon Agrees to Buy US Shale Rival Coterra for $21.4 Billion

The deal, expected to close in the second quarter, illustrates how shale companies are pushing to consolidate as many of the best U.S. drilling sites have been tapped.

Devon and Rival Shale Driller Coterra to Merge in All-Stock Deal

Devon Energy Corp. agreed to acquire rival shale driller Coterra Energy Inc. for about $21.4 billion in stock, one of the largest oil and natural gas deals in years.

Devon to Buy Rival Oil Driller Coterra Energy in All-Stock Deal

Devon Energy Corp. has agreed to acquire rival Coterra Energy Inc. to create a US shale producer with an enterprise value of about $58 billion, one of the largest o…

US shale producers Devon and Coterra to merge in a $58 billion deal

U.S. shale producers Devon Energy and Coterra Energy said on Monday they will merge in a $58 billion all-stock deal, creating a large-cap producer with a dominant position in the Delaware Basin as the industry consolidates to cut costs and boost scale.

Devon Energy, Coterra Energy to Merge in All-Stock Deal

Devon Energy and Coterra Energy said Monday they have agreed to merge in an all-stock deal. The deal values the combined company at roughly $58 billion based on Devon Energy's closing price on...