DVN

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Devon Energy registers 175,000 common shares for conversion of Coterra preferred stock

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 flexibili

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Devon Energy completes Coterra Energy merger for 0.70 share exchange ratio

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.

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Devon Energy acquires 16,300 acres in Delaware Basin for $2.6B

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 stre

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