Coterra and Devon Said to Be Near Deal That Would Be Biggest U.S. Shale Merger in Nearly Two Years
Coterra Energy and Devon Energy are reportedly in advanced merger talks and could finalize an agreement as soon as next week, in what would be the largest oil and gas deal in the U.S. shale sector in almost two years. Market reaction has pushed both stocks higher amid a modest recovery in crude prices, while the potential tie-up arrives against a b…