US shale producers Devon and Coterra to merge in a $58 billion deal

Coterra Energy

02/02/2026 12:01

Feb 2 (Reuters) -  U.S. shale producers Devon Energy DVN.N and Coterra Energy CTRA.N are set to merge in an $58 billion all-stock deal to create one of the largest independent shale producers in the country, the companies said on Monday.

 (Reporting by Pooja Menon and Sumit Saha in Bengaluru; Editing by Tasim Zahid)

 ((Pooja.Menon@thomsonreuters.com;))