# DEVON ENERGY CORP/DE (DVN) — merger [completed]
Source: SEC API (secapi.ai) · situation sit_8ee5124eea1831310c9c · retrieved 2026-08-11T16:15:45.370Z

## Overview
Devon Energy Corporation is a crude petroleum and natural gas exploration and production company engaged in the development and production of oil and gas properties.

On February 1, 2026, Devon Energy Corporation and its subsidiary Cubs Merger Sub, Inc. entered into a merger agreement with Coterra Energy, Inc., whereby Merger Sub will merge with and into Coterra, with Coterra surviving as a wholly-owned subsidiary of Devon. Each share of Coterra common stock will be converted into the right to receive 0.70 shares of Devon common stock (the Exchange Ratio). Following the closing, Devon's existing stockholders and Coterra's existing stockholders will own approximately 54% and 46%, respectively, of the combined company. The merger is expected to close by August 1, 2026, extendable to November 1, 2026 for antitrust approvals, and further extendable to February 1, 2027. The transaction is subject to customary closing conditions, including Hart-Scott-Rodino antitrust approval, stockholder approvals from both companies, and accuracy of representations and warranties.

## Terms
- Counterparty: Coterra Energy, Inc. · Consideration: stock · Stake: 46% · Price/share: $0.7

## Key dates
- Announced 2026-02-02 · Expiry 2027-02-01 · Expected close 2026-08-01 · Completed 2026-05-07

## Timeline
- 2026-02-02 · 425 (0001193125-26-032769): 425 - DEVON ENERGY CORP/DE — *Devon Energy Corporation is a crude petroleum and natural gas exploration and production company engaged in the development and production of oil and gas properties.* On February 1, 2026, Devon Energy Corporation and its subsidiary Cubs Merger Sub, Inc. entered into a merger agreement with Coterra Energy, Inc., whereby Merger Sub will merge with and into Coterra, with Coterra surviving as a wholly-owned subsidiary of Devon. Each share of Coterra common stock will be converted into the right to receive 0.70 shares of Devon common stock (the Exchange Ratio). Following the closing, Devon's existing stockholders and Coterra's existing stockholders will own approximately 54% and 46%, respectively, of the combined company. The merger is expected to close by August 1, 2026, extendable to November 1, 2026 for antitrust approvals, and further extendable to February 1, 2027. The transaction is subject to customary closing conditions, including Hart-Scott-Rodino antitrust approval, stockholder approvals from both companies, and accuracy of representations and warranties.
  https://www.sec.gov/Archives/edgar/data/1090012/0001193125-26-032769.txt
- 2026-05-07 · 8-K (0001193125-26-211971): 8-K 8-K
  https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/d799973d8k.htm

## Citations
- 0001193125-26-032769 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526032769
- 0001193125-26-211971 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526211971