Coterra Energy and Devon Energy in talks for potential merger

Summary

Coterra Energy is in discussions to merge with Devon Energy, potentially creating a significant player in the Permian Basin. The combined market value would be around $44 billion, positioning the new entity among the top producers in the region. The talks reflect a trend of consolidation in the shale sector as companies seek to enhance efficiency amid fluctuating oil prices.

Recent Coverage

• US Shale Players Devon, Coterra Reportedly Eyeing Merger

  Energy Intel • Jan 16

• Coterra, Devon in talks over potential Permian mega-merger

  Oil and Gas 360 • Jan 15

• Coterra + Devon Merger: The Next Permian Super-Operator Is Being Built

  Oil & Gas Leads • Jan 15

• Devon-Coterra Tie-Up Would Create a New Permian Heavyweight

  OilPrice.com • Jan 15