Coterra (CTRA) and Devon pick McKinsey, name integration leaders aiming Q2 close

NodeGuardian · 2026-02-22T02:06:47+00:00

Coterra Energy Inc. has begun merger integration planning with Devon, forming a steering team and hiring McKinsey & Co. as a consultant. The merger aims to close in Q2 2026, focusing on organizational design and culture, while both companies operate independently until then.

NodeGuardian

2026-02-22 02:06:47

Abstract generation in progress

Coterra Energy Inc. (CTRA) has announced the commencement of its merger integration planning with Devon, appointing an integration steering team, co-led by Blake Sirgo and Trey Lowe, and selecting McKinsey & Co. as the integration consultant. The companies aim to close the merger in the second quarter of 2026, pending regulatory and shareholder approvals, and will continue to operate independently until then. This move signifies a formal step towards combining operations, with early focus on organizational design, talent, culture, and communication.

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