Devon Energy – Oil & Gas 360

Devon–Coterra deal signals investors still rule the shale patch

March 3, 2026

(Oil Price) – Last month’s announcement that Devon Energy and Coterra Energy are merging to create a $58-billion giant is the latest mega-deal in the U.S. shale patch, signaling smaller public companies are seeking multi-basin, multi-year increases in drilling opportunities. In early February, Devon Energy and Coterra Energy announced a definitive agreement to merge and create a premier shale operator in

Energy Advisors: What’s 1+1? Devon-Coterra’s risky arithmetic?

February 6, 2026

(Oil and Gas 360) – Energy Advisors continuing series on Coterra Energy, Devon Energy, Kimmeridge, and Scott Sheffield asks the ultimate question: Can 1+1 ever equal 3 in the M&A world? Click New Devon, What’s 1+1? to download the report series. Our first report“ The Debate Begins” looked at what a Coterra and Devon merger would look like vs. Coterra becoming a Delaware pure-play

Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator

February 2, 2026

(Oil & Gas 360) – OKLAHOMA CITY & HOUSTON–(BUSINESS WIRE)– Devon Energy (“Devon”) (NYSE: DVN) and Coterra Energy (“Coterra”) (NYSE: CTRA) today announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin.

Oil and gas research council recommends funding for EOR projects

October 21, 2025

North Dakota Petroleum Council – The North Dakota Oil & Gas Research Council met on Friday, October 17, 2025, and has recommended approving $45 million for North Dakota Enhanced Oil Recovery (EOR) pilot projects that could unlock billions of barrels in untapped reserves throughout the Williston Basin. The meeting began with opening remarks by Kyle Haustveit, Assistant Secretary of Fossil Energy,

Devon Energy and Centrica ink major LNG supply deal

August 15, 2025

(Oil Price)– U.S. Devon Energy Corporation has signed a 10-year natural gas agreement to supply LNG to UK’s Centrica, the owner of British Gas. Under the deal announced on Friday, Devon Energy will supply 50,000?(MMBtu) per day of natural gas over a 10?year term starting in 2028. This is equivalent to five LNG cargoes per year. The LNG volumes will be indexed

Devon Energy President and CEO, Rick Muncrief, to retire March 1, 2025; Clay Gaspar, Devon Chief Operating Officer, to succeed Muncrief

December 9, 2024

(Oil and Gas 360) – OKLAHOMA CITY, Dec. 09, 2024 (GLOBE NEWSWIRE) — Rick Muncrief, 66, has announced his retirement from the position of President and Chief Executive Officer and member of the Board of Directors of Devon Energy Corporation (NYSE: DVN), effective March 1, 2025. The board of directors has appointed Clay Gaspar, currently Devon’s Chief Operating Officer, to succeed

US oil and gas mergers continue at furious pace in Q2, says Enverus

July 30, 2024

U.S. News HOUSTON – U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big dollar tie-ups pushing values higher, according to data released on Tuesday by energy researcher Enverus. Blockbuster mergers, such as ConocoPhillips’ $22.5 billion offer for Marathon Oil, remain a mainstay even as U.S. lawmakers call on regulators to

Devon Energy announces strategic acquisition in the Williston Basin and expands share-repurchase authorization by 67 percent to $5 billion

July 8, 2024

Oil and Gas 360 OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) — Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction is

Devon Energy in talks to acquire oil driller Enerplus

February 8, 2024

World Oil (Bloomberg) – Devon Energy Corp., an Oklahoma City-based oil and gas company, is in talks to acquire Calgary-based driller Enerplus Corp., Reuters reported. The companies have not come to an agreement, Reuters said, citing anonymous sources. It comes on the heels of a string of recent megadeals in the U.S. oil patch as companies push to line up

Devon Energy considering U.S. shale M&A options with Marathon Oil, CrownRock

October 19, 2023

World Oil (Bloomberg) – Devon Energy Corp., an Oklahoma City-based oil and gas company, is studying major acquisition targets as it seeks to gain scale in U.S. shale, according to people familiar with the matter. Devon has held preliminary talks in recent months about a combination with Marathon Oil Corp., said the people, who asked to not be identified because

Devon Energy announces bolt-on acquisition in the Williston Basin

June 9, 2022

Oil and Gas 360 OKLAHOMA CITY, June 08, 2022 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, LP, a Warburg Pincus portfolio company, in the Williston Basin for total cash consideration of $865 million. The transaction is

$Devon launches its own mobile sand mine to cut fracing costs- oil and gas 360$

Devon launches its own mobile sand mine to cut fracing costs

May 4, 2022

World Oil (Bloomberg) — Devon Energy Corp., one of the biggest oil explorers in the Permian Basin, is getting into the sand business to combat rising costs. The Oklahoma City-based company told investors of a new, so-called mobile frack-sand mine it launched on 15,000 acres of land it owns in the West Texas county of Loving. The mine is expected to save

Premium Content