Devon Energy to sell Eagle Ford assets to Crescent Energy for $4.2B

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Go back to Devon Energy to sell Eagle Ford assets to Crescent Energy for $4.2B

Devon Energy Announces Agreement to Exit the Eagle Ford for $4.2 Billion

October 8, 2026 7:10 AM EDT

HOUSTON, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it has entered into a definitive agreement to sell its Eagle Ford assets to Crescent Energy Company for total consideration of $4.2 billion in cash, subject to customary closing adjustments.

This sale is a direct outcome of our ongoing portfolio review, and it sharpens our focus on the highest-return, longest-duration assets, said Clay Gaspar, President and Chief Executive Officer. Over the past several years, we have leveraged technology to lower costs and increase productivity while coring up our Eagle Ford acreage footprint, and... More