Skadden, Gibson Dunn Aid Devon’s $21.4 Billion Coterra Purchase

Feb. 2, 2026, 2:50 PM UTC

Skadden and Gibson Dunn are steering Devon Energy Corp.'s plan to acquire Coterra Energy Inc. for about $21.4 billion in stock, one of the largest oil and gas deals in years.

The transaction is an early indication that the strategic hiring tear in Texas by Skadden, Arps, Slate, Meagher & Flom has been successful. The firm poached poached three of its hires from other firms last year.

The Skadden team guiding Devon includes Houston and New York mergers and acquisitions partners Steve Gill, Dohyun Kim, Mingda Zhao, Elizabeth Gonzalez-Sussman and Emery Choi.

The three recent hires were Gill, who was ...

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