Devon Energy and Coterra Energy to merge in $58bn all-stock deal

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  "signal_type": "news",
  "signal_subtype": "invests_into_assets",
  "detected_at": "2026-02-03T10:10:43+00:00",
  "company": {
    "name": "Devon Energy",
    "domain": "devonenergy.com"
  },
  "data": {
    "url": "https://www.offshore-technology.com/news/devon-coterra-to-merge-58bn-deal",
    "title": "Devon Energy and Coterra Energy to merge in $58bn all-stock deal",
    "amount": "$5bn",
    "assets": "Grayson Mill Energy assets",
    "excerpt": "Devon Energy and Coterra Energy to merge in $58bn all-stock deal.\n\nThe newly formed entity, operating under the name Devon Energy, will have its headquarters in Houston, Texas, US.\n\nDevon Energy and Coterra Energy have agreed to merge through an all-stock transaction, creating a major entity in the US shale industry with an estimated combined enterprise value of $58bn.\n\nThe new entity, which will operate under the name Devon Energy, will be headquartered in Houston, Texas, while maintaining a substantial presence in Oklahoma City.\n\nWith a strong operational base in the Delaware Basin, the enlarged Devon Energy aims to leverage core strengths and attain $1bn in annual pre-tax synergies.\n\nThe Boards of Directors of the two companies unanimously approved the merger, which is expected to be finalised in the second quarter of 2026, pending regulatory and shareholder approvals.\n\nUnder the agreement terms, Coterra Energy shareholders will receive 0.7 shares of Devon Energy common stock for each of their shares. This will result in Devon Energy shareholders owning around 54% and Coterra Energy shareholders approximately 46% of the new company on a fully diluted basis.\n\nEfforts to achieve synergies will focus on enhanced capital efficiency, optimised capital allocation and technology integration, driving per-share growth in free cash flow and net asset value.\n\nUS tariffs are shifting -...",
    "summary": "Devon Energy Corporation invested into assets: Grayson Mill Energy assets in the amount of $5B on Sep 1st '24.",
    "category": "invests_into_assets",
    "found_at": "2026-02-03T10:10:43Z",
    "planning": false,
    "image_url": "https://www.offshore-technology.com/wp-content/uploads/sites/20/2026/02/Offshore-2-3Feb26-shutterstock_2198534045.jpg",
    "confidence": 0.738,
    "published_at": "2026-02-03T10:10:43Z",
    "effective_date": "2024-09-01",
    "article_sentence": "In September 2024, Devon Energy acquired Grayson Mill Energy assets in a cash and stock deal valued at $5bn.",
    "amount_normalized": 5000000000
  }
}

curl https://signals.autobound.ai/v1/signals/b882101a-7932-4796-8361-7e8c67e1613e \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"devonenergy.com","limit":20}'