Devon Energy sells Eagle Ford assets for $4.2 billion
Devon Energy agreed to sell its Eagle Ford assets to Crescent Energy for $4.2 billion in cash. The company said it will use the proceeds to accelerate share buybacks and reduce debt.
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Devon Energy sells Eagle Ford assets to Crescent Energy for $4.2 billion
Devon Energy signed a definitive agreement to sell its Eagle Ford assets in Texas to Crescent Energy for $4.2 billion in cash.
Devon to Sell $4.2 Billon Shale Oil Assets to Crescent Energy
Devon Energy Corp. agreed to sell its drilling portfolio in the Eagle Ford shale basin of South Texas to Crescent Energy Co., an oil producer backed by KKR & Co., for about $4.2 billion.
Devon Energy to sell Eagle Ford assets to Crescent Energy for $4.2 billion
Devon Energy NYSE:DVN said on Thursday it would sell its Eagle Ford assets to Crescent Energy NYSE:CRGY for $4.2 billion in cash.
Devon Energy To Sell Its Eagle Ford Assets To Crescent Energy For $4.2B In Cash
TRANSACTION HIGHLIGHTS Asset details: The Eagle Ford assets to be sold consist of approximately 90,000 net acres in Karnes, DeWitt, and Gonzales Counties, Texas. The assets represent approximately 4% of Devon's total BOE production. Attractive valuation: The $4.2 billion purchase price fully reflects the value of Devon
Devon Energy agrees to sell Eagle Ford assets for $4.2B cash
Devon Energy entered a definitive deal to sell its Eagle Ford assets to Crescent Energy for $4.2B in cash, subject to adjustments, effective July 1, 2026, with an expected year-end 2026 close.
Devon Energy agrees to sell Eagle Ford assets for $4.2 billion
Devon Energy announced a definitive agreement to sell its Eagle Ford assets to Crescent Energy for $4.2 billion, as part of exiting the play.