Devon Energy’s merger with Coterra Energy created one of the largest independent oil and gas producers in the United States. But the company’s latest capital allocation priorities suggest that scale alone was not the objective. More than 60% of Devon’s 2026 capital program is expected to be directed toward the Permian Basin, underscoring where management sees its long-term growth opportunities.
The map powered by Rextag Energy DataLink shows why the Delaware Basin matters within that broader Permian strategy. It combines Devon and former Coterra acreage across the Bone Spring and Wolfcamp formations with operator well activity and the major crude oil and natural gas pipelines that move production out of the basin.
Rather than viewing the merger as only a nationwide consolidation story, the map frames it as a concentration of high-quality inventory in one of North America’s most productive oil regions. The combined footprint gives Devon greater scale in the core of the Delaware Basin while also positioning the company near existing takeaway infrastructure.
Devon’s broader 2026 company guidance provides the operating backdrop. The company expects 2026 production to average approximately 1.38 million boe/d while running 31 rigs and 10 completion crews. Management has also indicated that portfolio optimization remains a priority as Devon focuses capital on core assets and seeks to improve shareholder returns through debt reduction and share repurchases.
The Delaware Basin continues to stand apart because of its combination of geology and infrastructure. Acreage alone does not determine value. Production growth also depends on access to pipelines, gathering systems, processing capacity, and downstream market connections. The map highlights that physical network.
Why it matters
● The Devon–Coterra combination created a larger operator footprint in the Delaware Basin.
● More than 60% of Devon’s 2026 capital program is expected to be allocated to the Permian Basin.
● The map shows how Devon and former Coterra acreage and wells sit within major crude oil and natural gas takeaway corridors.
● Access to infrastructure remains essential for turning basin scale into sustained development.
● The Delaware Basin appears to be a core geographic beneficiary of Devon’s broader Permian capital strategy.
What the map shows
A Delaware Basin infrastructure view centered on the combined Devon and former Coterra footprint.
● Devon Energy acreage
● Former Coterra Energy acreage
● Devon active wells
● Former Coterra active wells
● Crude oil pipelines (>20")
● Natural gas pipelines (>30")
A deeper dive with DataLink
Using Rextag Energy DataLink, users can:
● analyze operator acreage positions across major shale plays
● map active wells and drilling activity by operator
● identify nearby pipeline and processing infrastructure
● evaluate infrastructure constraints and takeaway capacity
● build infrastructure views for M&A analysis, market intelligence, and upstream planning
