Squawk Pod 5 Things to Know Before the Opening Bell 1/16/26
Jan 16, 2026
Shale producers Devon Energy and Coterra Energy are eyeing a merger, hinting at big shifts in the energy sector. Mitsubishi is set to acquire shale gas assets in Louisiana and Texas, expanding its influence. In a surprising move, J.B. Hunt's shares dipped following their earnings report. Meanwhile, AI startup Replit is nearing a new funding round, promising exciting developments in tech. On a different note, Kathleen Kennedy is stepping down from her role at Lucasfilm after shaping the Star Wars universe for over a decade.
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Shale Industry Consolidation And Foreign Investment
- Devon Energy and Coterra Energy are reportedly discussing a merger that would create a major independent shale producer in the U.S..
- Mitsubishi is separately acquiring shale gas assets in Texas and Louisiana with $5.2 billion in equity purchases, signaling ongoing consolidation and foreign investment in U.S. shale.
Market Reacts Divergently To Merger Rumors
- Coterra shares jumped as much as 12% on the merger reports before settling up about 1.5%.
- Devon shares moved lower, falling roughly 4%, reflecting differing market reactions to the potential deal.
Mitsubishi's Big Bet On U.S. Shale Gas
- Mitsubishi's acquisition involves significant equity purchases tied to shale gas assets in Texas and Louisiana.
- The $5.2 billion figure underscores large-scale capital deployment into U.S. energy resources.