8-KItem 7.01 · Reg FD DisclosureItem 8.01 · Other EventsItem 9.01 · Financial Statements
Devon Energy to Sell Eagle Ford Assets to Crescent Energy for $4.2 Billion
Filed with the SEC on · Summarized by InvestorsBot
Devon Energy agreed on October 8, 2026, to sell approximately 90,000 net acres in Texas’s Eagle Ford region to Crescent Energy for $4.2 billion in cash, subject to customary adjustments, with an effective date of July 1 and closing expected around year-end 2026 pending approvals and other conditions. Devon said the after-tax proceeds will support share repurchases and debt reduction; the assets represent about 4% of its total BOE production, and the company plans to discuss the transaction’s impact on its outlook with third-quarter results on November 5.