Devon Energy said on February 1, 2026 it entered into an Agreement and Plan of Merger with Cubs Merger Sub, Inc. and Coterra Energy Inc. Under the agreement, Merger Sub will merge with and into Coterra, with Coterra surviving the Merger as a wholly-owned subsidiary of the Company.

1. 01

   Devon Energy said on February 1, 2026 it entered into an Agreement and Plan of Merger with Cubs Merger Sub, Inc. and Coterra Energy Inc. Under the agreement, Merger Sub will merge with and into Coterra, with Coterra surviving the Merger as a wholly-owned subsidiary of the Company.

2. 02

   The company said Devon and Coterra filed an HSR Act notification on March 2, 2026, and the applicable waiting period expired at 11:59 p.m. Eastern Time on April 1, 2026, satisfying the condition to the Merger relating to the expiration or termination of the waiting period under the HSR Act.

3. 03

   Devon Energy said the closing of the Merger is expected to occur in Q2 2026, subject to the satisfaction or waiver of other customary closing conditions specified in the Merger Agreement.

4. 04

   The company said it filed an amended registration statement on Form S-4 on March 24, 2026, the SEC declared it effective on March 26, and Devon and Coterra filed a definitive joint proxy statement/prospectus on March 30 and commenced mailing to their respective stockholders on or about that date.

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