Coterra Energy and Devon Energy Complete $58 Billion Merger
Coterra Energy finalized its $58 billion merger with Devon Energy on May 8, combining the companies into one of the largest U.S. independent oil and gas producers. The all-stock transaction integrates upstream operations across major shale basins under a unified platform.
1. Merger Completion and Structure
On May 8, Coterra Energy and Devon Energy closed their $58 billion merger, structured as an all-stock transaction that combined their upstream portfolios into a single publicly traded entity.
2. Combined Asset Base
The transaction brings together assets across major shale basins into one platform, positioning the combined company to pursue cost efficiencies, streamline operations and strengthen free cash flow generation.
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