Crescent Energy to buy Devon’s Eagle Ford assets for ~$3.85B
Crescent Energy (NYSE: CRGY) said it entered a definitive agreement to acquire Eagle Ford assets from Devon Energy for an estimated net purchase price of about $3.85 billion.
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11:25:33 AM UTC
SquawkNews
Crescent Energy entered a definitive deal to acquire Devon Energy’s Eagle Ford assets for an estimated ~$3.85B, adding ~68 Mboe/d and 600+ Tier 1 net locations. Closing is expected in Q4 2026 or early 2027, subject to conditions.Material DetailsContext by AI AnalystThis is a strategic scale-up in a…
11:34:39 AM UTC
SquawkNews
CRGY - Crescent Energy to Acquire Eagle Ford Assets from Devon Energy, Solidifying Crescent’s World-Class Position in the Basin
85 billion(1) (the “Transaction”). The company said the Transaction solidifies Cres…