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delaware-basin

Frac pump manifold with actuated valves and treating lines

The New Entity’s Numbers: Devon-Coterra Posts First Pro Forma, WTI Fades Into Memorial Day Weekend

Devon Energy filed its first combined pro forma financial statements for the Devon-Coterra merged entity on Friday, giving the market its initial hard look at what 1.15 billion shares of combined production capacity actually costs to run. The regulatory filing landed against a backdrop of WTI pulling back

Devon's $2.6 Billion BLM Move: Two Weeks After Coterra, Delaware Basin Inventory Expands

Devon's $2.6 Billion BLM Move: Two Weeks After Coterra, Delaware Basin Inventory Expands

CIR Research Desk | Source data: Devon Energy 8-K filed May 21, 2026 (SEC accession 0001193125-26-233515), ADNOC/Reuters wire, EIA/FRED commodity prices, Yahoo Finance intraday Devon Energy has been the combined Devon-Coterra entity for exactly two weeks. Today it spent $2.6 billion. Through the Bureau

Wireline and Coil at $98: KLXE's Q2 Rebound Meets Devon-Coterra's Procurement Clock

Wireline and Coil at $98: KLXE's Q2 Rebound Meets Devon-Coterra's Procurement Clock

KLXE | Nasdaq | Source data: Q1 2026 earnings release (8-K, May 12, 2026), Q1 2026 segment results. FET | NYSE | Source data: Q1 2026 earnings release (8-K, April 30, 2026), 10-Q filed May 1, 2026. Two weeks into the Devon-Coterra combined entity, the first completion services data points

KLX, Forum, and the Devon-Coterra Effect: What Q1 Completions Data Says About the Rest of 2026

KLX, Forum, and the Devon-Coterra Effect: What Q1 Completions Data Says About the Rest of 2026

KLX Q1 at $145M revenue and a $167M Q2 midpoint. Forum backlog up 44% YoY with book-to-bill of 106%. Devon-Coterra's combined Delaware Basin entity is the wild card for H2 vendor selection. Here's what the data says.

Week in Review: Devon-Coterra Closes, WTI Retreats From $110

Week in Review: Devon-Coterra Closes, WTI Retreats From $110

Devon-Coterra closed May 7, creating the largest Delaware Basin operator. WTI ran to $110 before pulling back to $95. Friday's brief: the week in review, the price reset, and what comes next.

Devon-Coterra Is Closed, Permian Resources Is Investment Grade, and WTI Holds $109

Devon-Coterra Is Closed, Permian Resources Is Investment Grade, and WTI Holds $109

Devon Energy's 8-K landed in EDGAR Thursday afternoon: a two-page Item 2.01 filing confirming the merger with Coterra Energy is done. Coterra shareholders received 0.70 shares of Devon for every share held, and the combined company began trading as a unified entity before Thursday&

Delaware Basin's Completion Consolidation: What the Devon-Coterra Close Means for KLX, Forum, and SLB Wireline

Delaware Basin's Completion Consolidation: What the Devon-Coterra Close Means for KLX, Forum, and SLB Wireline

Devon and Coterra completed their all-stock merger today, creating the Delaware Basin's largest combined operator. For the basin's wireline, cementing, and coiled tubing providers, that close date starts a vendor rationalization clock.