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Top Marcellus Drilling News | Helping People & Businesses Profit From Marcellus & Utica Shale Drilling News
Oil and Gas Sector · United StatesU.S. shale producers Devon Energy and Coterra Energy said on Monday they will merge in an all-stock deal valued at $58 billion, creating a large-cap producer with a dominant position in the Delaware Basin as the industry consolidates to cut costs and boost scale.See the Story
U.S. shale producers Devon and Coterra to merge in a $58 billion deal
64% Center coverage: 47 sources
United States · United StatesQuick Read
Devon and Coterra merger talks could create a $57B to $60B deal, the largest in shale oil industry history.
Oil prices falling toward $60 per barrel are pressuring shale producers to consolidate for economies of scale.
The combined company would control 746,000 Permian Basin acres with adjacent properties enabling major operational cost cuts.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a finan…See the Story
US Shale Producers Coterra, Devon in Advanced Talks to Merge ...
57% Center coverage: 7 sources
