Coterra Energy Acquired by Devon Energy | Energy M&A Deal

Devon Energy has acquired Coterra Energy, a oilfield services business in Texas, for $X. Coterra Energy operates in the upstream oil and gas sector, providing assets and operational capabilities that support Devon Energy’s production and development strategy across Texas. The Devon Energy acquisitions expand Devon’s energy footprint and strengthen its position in energy M&A by adding scale and resources aligned with oilfield services acquisition priorities. The merger acquisition is a strategic acquisition announced under a definitive agreement, with deal terms and size disclosed as undisclosed, and closing expected after customary regulatory and shareholder approvals.