DVN

Devon Energy announced the acquisition of 16,300 net undeveloped acres in the core of the Delaware Basin (Lea and Eddy Counties, New Mexico) for approximately $2.6 billion (~$161,500 per net acre) through a BLM Oil and Gas Lease Sale. The deal extends Devon's inventory life in the Permian Basin and is described as accretive to net asset value per share. No financing details or closing timeline were disclosed in the announcement.

Devon Energy (DVN) and Coterra Energy (CTRA) have completed their all-stock merger, following stockholder approval at special meetings held on May 4, 2026. The combined company will operate under the Devon Energy name and trade on the NYSE under the ticker "DVN," with headquarters in Houston. The merger creates a large-cap shale operator with a core position in the Delaware Basin.

Devon Energy (DVN) and Coterra Energy (CTRA) shareholders have approved all proposals required to complete their previously announced all-stock merger. The deal is expected to close on or around May 7, 2026. Both companies made the announcement via Globe Newswire on May 4, 2026.