Devon Energy announces merger with Coterra Energy
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The top of Devon Tower is known for displaying illuminated graphics, like the OKC Thunder logo on gameday. What will happen once headquarters move?
Devon Energy announced Monday it is set to move its headquarters to Houston following its merger with Coterra Energy.
Devon says Oklahoma City will retain a major operational role after the merger, but unanswered questions remain about local jobs, office space and the long-term future of Devon Tower.
Devon Energy (NYSE:DVN) and Coterra Energy outlined the rationale and expected benefits of their announced all-stock merger during a joint conference call, describing the deal as a “transformative” combination intended to create a larger,