Devon Energy
9/10
Coterra integration active — Coterra note exchange offers launched, early tender June 5; combined 2026 guidance due mid-JuneSEC Form 8-K / Exchange Offer Launch · June 3, 2026 | Devon-Coterra merger close · May 2026 | SEC Form 425 integration filings
Reason to reach out
Devon launched Coterra note exchange offers this week (early tender June 5) — the integration is in active execution. Land department is combining two major Delaware Basin operators' title and JOA stacks while absorbing the May 21 BLM acquisition (16,300 net acres, 400 locations requiring federal title opinions). Combined 2026 guidance drops mid-June. Natural check-in on federal title workflow and integration curative load. (Source: Devon SEC Form 8-K, June 3, 2026)
LinkedIn DM — send to Scott Richter
Scott — Devon launched the Coterra senior note exchange offers this week, early tender June 5. Combined 2026 guidance is scheduled for mid-June. The land department is combining two significant Delaware Basin title and JOA stacks while the May BLM acquisition of 16,300 net acres in Lea/Eddy sits in queue — 400 net locations requiring federal title opinions before permits can issue. That is a different examination workflow from standard Permian title, and it layers on top of JOA re-execution already underway. Worth a conversation if the federal title queue needs outside bandwidth.
— Ben Holliday, HELG · 210.469.3187
Email subject
Devon/Coterra integration — Coterra note exchange launches this week, combined guidance mid-June
Email body (swap [First Name] when sending)
Hi [First Name],
Devon launched private exchange offers for Coterra senior notes on June 3, with early tender set for today and expiration June 23. Combined 2026 operational guidance incorporating $1 billion in targeted synergies is expected mid-June — the integration is in its most active execution phase.
From a land and legal workload standpoint, the land department is currently running JOA re-execution across the combined Delaware Basin position alongside curative work, while the May 21 BLM acquisition of 16,300 net acres in Lea and Eddy Counties (400 net locations) adds a federal title examination workstream on top. Federal leases require federal title opinions before BLM drilling permits issue — the examination process is distinct from standard Permian title workflow and cannot be batched with private or state leasehold work.
We handle federal title opinions and NMOCD regulatory work in Lea and Eddy Counties. Board Certified in Oil, Gas, and Mineral Law, licensed in Texas and New Mexico.
If a call to scope the federal title queue or discuss integration curative would be useful, I am available this week.
Ben Holliday
Holliday Energy Law Group
210.469.3187
Subject + body combined
LinkedIn post (broader pattern — no operator name)
Devon Energy launched private exchange offers for Coterra senior notes this week, early tender June 5 — the operational integration of a $26 billion merger is in active execution. Combined 2026 guidance, incorporating $1 billion in targeted synergies, is expected mid-June. The land department is working through JOA re-execution across the combined Delaware Basin position at the same time as the May 21 BLM acquisition — 16,300 net undeveloped acres in Lea and Eddy Counties — moves into the title queue. Federal leases require federal title opinions before drilling permits issue. That is a distinct examination workflow from state or private leasehold, and on 400 net locations the scope and timeline need to be set before the program schedule firms. Largest acreage transaction in recent BLM lease sale history, during the middle of a major integration.
Contacts (19)
| Name | Stage | |
|---|---|---|
| Matt Beavers | No email address found | Cold |
| Andy Bennett | No email address found | Unknown |
| Keaton Curtis | Keaton.Curtis@coterra.com | Client |
| Kevin Gavigan | kevin.p.gavigan@gmail.com, Kevin.Gavigan@coterra.com | Cold |
| Michael Holiday | Michael.Holiday@coterra.com | Client |
| Martin Howell | No email address found | Cold |
| Adam Morgan | Adam.Morgan@coterra.com | Client |
| Blair Nutter | No email address found | Client |
| Dylan Park | dylan.park@coterra.com | Client |
| Colt Parks | No email address found | Cold |
| Megan Powell | No email address found | Client |
| Scott Richter | Scott.Richter@coterra.com | Client |
| Trey Roberson | Trey.Roberson@coterra.com | Client |
| Ashley St.Pierre | Ashley.StPierre@coterra.com | Client |
| Tristan Walker | Tristan.Walker@coterra.com | Client |
| Tristan Walker | No email address found | Cold |
| Brad Wechsler | Brad.Wechsler@coterra.com | Client |
| Russell Wickman | Russell.Wickman@coterra.com | Client |
| Aaron Young | No email address found | Unknown |
