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Cenovus Energy agreed to acquire Athabasca Oil Corporation for an implied enterprise value of C$5.7 billion. The deal adds about 45,000 barrels of oil equivalent per day and is expected to close in December 2026, subject to approvals.
Devon Energy Corporation (NYSE: DVN ) shares are trading higher on Thursday after the company disclosed a deal to sell its Eagle Ford assets to Crescent Energy (NYSE: CRGY ) for $4.2 billion in cash. The assets include approximately 90,000 net acres across Karnes, DeWitt and Gonzales Counties in Texas and account for a
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.
Devon Energy signed a definitive agreement to sell its Eagle Ford assets in Texas to Crescent Energy for $4.2 billion in cash.