8-KItem 7.01 · Reg FD DisclosureItem 8.01 · Other EventsItem 9.01 · Financial Statements
Devon Energy to Sell Eagle Ford Assets to Crescent 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 South Texas’s Eagle Ford region to Crescent Energy for $4.2 billion in cash, subject to closing adjustments; the assets account for about 4% of Devon’s total BOE production. The deal has a July 1, 2026 effective date and is expected to close around year-end 2026, pending regulatory and other customary approvals, with after-tax proceeds planned for share repurchases and debt reduction.