Xin Lang Cai Jing·2026-02-03 10:32Group 1 - Devon Energy announced the acquisition of Coterra Energy through a stock swap, expected to be completed by Q2 2026 [1] - Coterra shareholders will receive 0.7 shares of Devon Energy for each share they own, resulting in Devon shareholders holding 54% and Coterra shareholders holding 46% of the combined company [1] - The merged entity will be named "Devon Energy" with an enterprise value of $58 billion, making it one of the largest oil and gas companies in the U.S., trailing only ExxonMobil, Chevron, and ConocoPhillips [1] Group 2 - The two companies aim to achieve annual pre-tax cost savings of $1 billion by 2027 [2] - The new company will focus on high-quality shale plays in the Delaware Basin, with a production capacity exceeding 1.6 million barrels of oil equivalent per day, including over 550,000 barrels of crude oil and 4.3 billion cubic feet of natural gas [2]