---
title: "US oil and gas M&A hits $38B as Devon-Coterra deal leads"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286317623.md"
description: "In Q1, US oil and gas mergers and acquisitions reached a record $38 billion, primarily driven by Devon Energy's $25 billion merger with Coterra. Analysts attribute this surge in M&A activity to rising oil prices, despite market volatility. Additionally, niche service providers and renewable energy companies are gaining from the evolving energy market landscape."
datetime: "2026-05-13T21:03:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286317623.md)
  - [en](https://longbridge.com/en/news/286317623.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286317623.md)
---

# US oil and gas M&A hits $38B as Devon-Coterra deal leads

Record-breaking quarter: Q1 upstream oil and gas deals totaled $38B, led by Devon Energy’s $25B merger with Coterra. Drivers of consolidation: Analysts cite strengthening oil prices as a catalyst for renewed M&A appetite despite recent market volatility. Beyond fossil fuels: Niche service providers and renewable energy firms are also benefiting from shifting energy market dynamics.

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## Related News & Research

- [ARS Investment Partners LLC Sells 50,355 Shares of Devon Energy Corporation $DVN](https://longbridge.com/en/news/286664855.md)
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