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Stock impact report

Devon–Coterra Deal Signals Investors Still Rule the Shale Patch [Yahoo! Finance]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Last month's announcement that Devon Energy and Coterra Energy are merging to create a $58-billion giant is the latest mega-deal in the U.S. shale patch, signaling smaller public companies are seeking multi-basin, multi-year increases in drilling opportunities. In early February, Devon Energy and Coterra Energy announced a definitive agreement to merge and create a premier shale operator in an all-stock transaction, implying a combined enterprise value of about $58 billion The deal creates a company with a significantly increased position in the premier part of the Permian Basin and operations in the Marcellus Shale and Anadarko Basin. The combined company would be one of the top shale producers with pro-forma third-quarter 2025 production exceeding 1.6 million barrels of oil equivalent per day (boepd), including over 550,000 barrels of oil per day and 4.3 billion cubic feet of gas per day, the companies said The combined company will be named Devon Energy and will be headqua Show less Read more
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