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Devon and Coterra discuss a potential $44 billion merger to combine shale operations.
Devon Energy and Coterra Energy are in preliminary talks about a potential merger that could create one of the largest independent shale producers in the U.S., combining their assets in the Permian and Anadarko basins to improve efficiency and competitiveness.
The all-stock deal, still unconfirmed and subject to change, would unite two midsize operators with combined market values around $44 billion.
While no agreement has been reached, the news spurred a mixed market reaction, with Coterra’s stock rising and Devon’s falling.
The move reflects a broader trend of consolidation in the energy sector as companies seek scale and resilience amid volatile oil prices and increasing competition.
Devon y Coterra están discutiendo una posible fusión de $44 mil millones para combinar las operaciones de esquisto.