This deal is the largest tie-up in the U.S. shale industry since Diamondback acquired Endeavor Energy Resources for about $26 billion in 2024.
Devon Energy and Coterra Energy on Monday announced a $58 billion all-stock merger to become a large-cap producer with a top position in the Permian Basin as the shale sector consolidates to cut costs and boost scale.
The largest deal in the sector s... [1249 chars]