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

Coterra Energy Inc. and Devon Energy Corp. are combining to create a US shale producer with an enterprise value of about $58 billion, one of the largest oil and natural...

By David Carnevali, Michelle F Davis · Bloomberg Markets

Coterra Energy Inc. and Devon Energy Corp. are combining to create a US shale producer with an enterprise value of about $58 billion, one of the largest oil and natural gas deals in years.