Independent E&PMonitoring
Devon Energy
NYSE-listed US shale producer focused on the Permian Basin after its 2026 combination with Coterra Energy. On October 8, 2026 it agreed to sell its Eagle Ford assets to Crescent Energy for $4.2 billion in cash, exiting the basin.
Record verified against agent research 2026-10-22 as of 2026-10-09 (Devon Energy release via BOE Report; Reuters via BOE Report). Tracked since 2026-10.
Coverage 1
Agrees to sell Eagle Ford assets to Crescent Energy for $4.2 billion
Devon agreed to sell about 90,000 net acres in Karnes, DeWitt and Gonzales counties to Crescent Energy for $4.2 billion in cash, with after-tax proceeds going to buybacks and debt reduction. Closing is expected around year-end 2026, and Devon will give the outlook impact with third-quarter results on November 5.