Devon Energy Corporation
Devon Energy and Coterra Merger Waiting Period Expired
Summary
Devon Energy Corporation and Coterra Energy Inc. announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, a critical condition for the completion of their merger. The merger, which was agreed upon on February 1, 2026, is expected to close in the second quarter of 2026, pending satisfaction of other customary closing conditions. Devon and Coterra have filed the necessary notifications with the Federal Trade Commission and the Antitrust Division of the United States Department of Justice and have commenced mailing the joint proxy statement/prospectus to their stockholders.
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About Devon Energy Corporation
Devon Energy Corporation is a prominent player in the energy sector, specializing in the exploration, development, and production of oil and natural gas. With its corporate headquarters located in Oklahoma City, Oklahoma, Devon Energy operates principally across the United States. Its portfolio encompasses some of the most resource-rich areas, such as the Delaware Basin within the greater Permian Basin, Eagle Ford, Anadarko Basin, Powder River Basin, and the Williston Basin. The company's primary function is to harness and maximize value from its substantial onshore oil and gas reserves, making substantial contributions to the energy supply chain. Devon Energy is noted for its strategic focus on efficient and sustainable practices in hydrocarbon extraction and production. It plays a critical role in the U.S. energy landscape, providing resources essential for various sectors including transportation, manufacturing, and residential energy needs. Through innovative drilling and operating techniques, Devon Energy pursues operational excellence while remaining committed to reducing its environmental footprint and enhancing the safety of its operations.
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