OKLAHOMA CITY, OKLA. (KOKH) — Devon Energy announced it will move its headquarters to Houston in a merger with Coterra Energy.
The combined company will be named Devon Energy and will create a leading large-cap shale operator in the Delaware Basin, but will maintain a significant presence in Oklahoma City.
Under the terms of the agreement, Coterra shareholders will receive a fixed exchange ratio of 0.70 share of Devon common stock for each share of Coterra common stock…