Devon Coterra Merger

1 day agodevon energy (“devon”) (nyse: Dvn) and coterra energy (“coterra”) (nyse: Ctra) today announced the signing of a definitive agreement to merge in an all-stock transaction.

16 hours agodevon energy and coterra energy on monday announced a $58 billion all-stock merger to become a large-cap producer with a top position in the permian basin as the shale sector. 16 hours agodevon energy and coterra energy are merging to create a $58bn shale drilling giant, in one of the oil and gas industry’s biggest deals in years. 11 hours agoa merger between to big independent upstream companies, devon energy and coterra energy, creates a new powerhouse on the u.s.

16 hours agoa merger between devon and coterra brings complementary ‌acreage together at a time when securing ‌high-quality inventory is ‍a ⁠priority and crude prices remain under pressure. 7 hours agothe massive permian basin merger creates a combined devon with a $58 billion enterprise value. 15 hours agodevon energy and coterra energy will merge in a $58 billion all-stock deal to form one of the largest and most capital-efficient shale producers in the united states.

12 hours agothe merger between devon and coterra would create a $58 billion oil and gas company based in houston, the companies said. 3 days agoceo commentary “this transformative merger combines two companies with proud histories and cultures of operational excellence, creating a premier shale operator,” said clay. 1 day agodevon and coterra are targeting $1 billion in annual pre-tax savings by 2027 and plan to lift shareholder returns through higher dividends and a share buyback program of more than $5 billion..