DVN news

Devon Energy Corp. has entered a definitive agreement to sell its Eagle Ford assets in South Texas to Crescent Energy Company for $4.2 billion. This divestiture will strengthen the company's balance sheet, reduce debt, and accelerate share repurchases.

Devon Energy Corp. reported strong second-quarter 2026 results with production outperformance and robust cash generation following the completion of the Coterra merger. The company increased its dividend and announced an accelerated share repurchase program to fund shareholder value.

Devon Energy Corporation executed a Supplemental Indenture to formalize the exchange of Coterra Energy's Senior Notes into new domestic notes issued by Devon. This legal agreement solidifies the terms regarding the private exchange offers for claims maturing between 2027 and 2055.

Devon Energy filed a Form S-3 registration statement to register up to 175,000 shares of common stock issuable upon conversion of Coterra Energy's 8.125% Series A Cumulative Perpetual Convertible Preferred Stock. This registration expands the company's capital structure flexibility and provides a co…

Devon Energy completed its acquisition of Coterra Energy on May 7, 2026, with Coterra shareholders receiving 0.70 Devon shares per share held. The merger creates a larger independent oil and gas producer with combined operations and asset base.

Devon Energy successfully acquired 16,300 net undeveloped acres in the core Delaware Basin through a BLM lease sale for approximately $2.6 billion, adding ~400 net locations with strong well economics. The acquisition is immediately accretive to net asset value per share and strengthens Devon's lead…