Kimmeridge Energy says ‘supportive’ of Devon-Coterra deal

Mark Viviano, Managing Partner at Kimmeridge, said: “As a significant shareholder in both companies, we are supportive of a combination that can unlock meaningful shareholder value. We continue to believe that will require portfolio rationalization and a renewed focus on the Delaware basin. Having formally submitted director nominees, we now eagerly await the disclosure of Coterra’s slate, as well as the S-4 merger filing to better understand the competitive process its Board undertook to reach this outcome.”