Divestiture/carve-outOct 8, 2026Pending
Hot🇺🇸 United States
EFEagle Ford assetsCECrescent Energy Company
Energy › Oil & Gas Production
Enterprise value$4.2BEnterprise value
AnnouncedOct 8, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderUnknown
Contingent paymentNo
Overview
Devon Energy Corporation agreed to sell its Eagle Ford assets to Crescent Energy Company for $4.2 billion in cash, subject to customary closing adjustments.
Deal rationale
The sale is a direct outcome of Devon's portfolio review and is intended to high-grade its portfolio, improve capital efficiency and enhance financial flexibility.
AI-generated from the SEC filingPendingEnergy › Oil & Gas ProductionUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $4.2B | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
None listed
Sell-side
RCRBC Capital Markets
Parties
Target
EFEagle Ford assets
- Headquarters
- United States
- Ticker
- —
Acquirer
CECrescent Energy Company
- Headquarters
- —
- Ticker
- —
Seller
DEDevon Energy Corporation
- Headquarters
- —
- Ticker
- —