Deals

Devon-Coterra Driller Thriller Tops Merger Monday

Devon-Coterra merger will create US shale producer with enterprise value of $58 billion.

An oil pump jack in Midland, Texas, US, on Wednesday, Dec. 3, 2025. State environmental regulators are evaluating applications from four companies to release treated Permian Basin wastewater into the Pecos River.Photographer: Kaylee Greenlee/Bloomberg

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By Bloomberg News

February 2, 2026 at 4:39 PM UTC

This article is for subscribers only.

Hi, welcome to the Bloomberg Deals newsletter and the first big Merger Monday of 2026 thanks to one of the largest oil and gas deals in years. Also today, Elon Musk works to consolidate his empire and there’s more mining M&A to digest.

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