This deal is the largest tie-up in the U.S. shale industry since Diamondback acquired Endeavor Energy Resources for about $26 billion in 2024.
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Oklahoma City-based Devon Energy
and Houston’s Coterra Energy
are merging in an all-stock deal to become a large-cap producer with a top position in the Permian Basin as shale operators consolidate to cut costs and boost scale.
The deal on Monday to create a company with an enterprise value of $58 billion is the largest in the sector after Diamondback
Deal would be the largest oil and gas merger in two years
The merger is the biggest oil and gas deal in months as the U.S. industry continues to consolidate.
A Shell-BP deal would represent the biggest energy deal of the century—if not ever.
The US majors share plans to deliver significant growth this decade but are singing a different strategic tune on several fronts.
The Oklahoma E&P signed two new gas supply agreements — with an LNG producer and a power plant — to diversify the markets for its…
Guyana is quickly growing into one of the world's top oil nations.
