Devon Energy
9/10
Devon-Coterra merger CLOSED June 9 — combined 2026 guidance issued (1.38 MMBoe/d, 500 MBbl/d oil); note exchange 97.78% tendered, expires June 23; $1.25B debt retirement; integration co-led by Trey Lowe and Blake SirgoDevon Energy SEC Form 8-K — 2026 production outlook and capital plan following Coterra merger - June 2026 | Devon-Coterra merger close - June 9, 2026 | Devon early participation results, private exchange offers - June 5, 2026 (StockTitan) | Invezz - analyst coverage, DVN +6% - June 10, 2026
Reason to reach out
The Devon-Coterra merger closed June 9 — it was pending a week ago, and now the integration is live. Combined guidance is out (1.38 MMBoe/d, 500 MBbl/d oil), the note exchange closes June 23, and the land department is into JOA re-execution and title rationalization across the combined Delaware Basin position. The federal acreage in that position needs federal title opinions before BLM permits issue, and that examination runs on its own track. (Source: Devon Form 8-K, June 2026; merger close June 9, 2026)
LinkedIn DM — send to Scott Richter
Scott — the Devon-Coterra merger closed June 9, so the integration is now live rather than pending. Combined 2026 guidance came out at close: roughly 1.38 million Boe/d, 500,000 barrels of oil per day, with $1.25 billion of debt retirement planned this year. The note exchange drew 97.78% participation on certain series and expires June 23. On the land side, the team is into JOA re-execution and title rationalization across the combined Delaware Basin position, and the federal acreage there needs federal title opinions before BLM permits issue — a separate examination workflow from state or private leasehold. If outside bandwidth on the federal title queue would help while integration is at its peak, worth a short conversation.
— Ben Holliday, HELG · 210.469.3187
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Devon/Coterra — merger closed June 9, combined guidance out, federal title queue now live
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Hi [First Name],
The Devon-Coterra merger closed June 9 — pending a week ago, now done. Combined 2026 guidance issued at close puts production near 1.38 million Boe/d, including 500,000 barrels of oil per day, with $1.25 billion of debt retirement planned for the year and a target of $600 million in annual cost reductions by 2027. The private exchange offers for Coterra notes drew 97.78% participation on certain series and expire June 23.
On the land legal side, the close moves the work from planning into execution. The land department is running JOA re-execution and title rationalization across the combined Delaware Basin position, and the federal acreage component requires federal title opinions before BLM drilling permits issue. Federal examination is a distinct workflow from standard Permian title — it cannot be batched with state or private leasehold on the same program.
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 integration curative would be useful while the work is at its peak, I am available this week.
Ben Holliday
Holliday Energy Law Group
210.469.3187
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LinkedIn post (broader pattern — no operator name)
Devon Energy closed its merger with Coterra on June 9. A week earlier the deal was still pending; now it is done, and the work shifts from planning to execution. Combined 2026 guidance: approximately 1.38 million Boe/d, 500,000 barrels of oil per day, $600 million in targeted annual cost reductions by 2027, and $1.25 billion of debt retirement this year. The private note exchange drew 97.78% participation on certain series and expires June 23. Here is what a close like this means on the land side. JOA re-execution across the combined Delaware Basin position. Title rationalization where two acreage bases overlap. And on the federal component, a federal title opinion is required before BLM issues a drilling permit — a different examination workflow from state or private leasehold, and one that does not batch with it. The financial integration gets the headlines. The title queue is where the calendar actually gets tested.
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 |
