Devon Energy Announces Agreement to Exit the Eagle Ford for $4.2 Billion
Devon sells Eagle Ford assets to Crescent Energy for cash, accelerating share buybacks and strengthening its balance sheet through debt reduction.
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Independent oil and natural gas exploration and production company
devonenergy.comLast updated
In short: Devon completed its Coterra merger, sold Eagle Ford assets, and faced activist pressure for divestitures.
Devon sells Eagle Ford assets to Crescent Energy for cash, accelerating share buybacks and strengthening its balance sheet through debt reduction.
The company also outlined third-quarter guidance and will hold an investor call on August 5.
Results will be issued after market close on August 4, with a conference call for analysts on August 5.
The combined company is now one of the largest independent oil and gas producers in America.
Devon Energy said on Thursday it would sell its Eagle Ford assets to Crescent Energy for $4.2 bill...
Also the investor relations overview ... "Devon Energy and Coterra Energy Complete Merger" on. Coterra Energy no longer appears as an independent combined entity on its own website...
Devon Energy stock (ISIN US25179M1036) gained 1.79 percent to USD 48.90 on the NYSE at the September 24, 2026 close. The move ...
Devon indicated that further divestments are likely as the company conducts a rigorous review of its US upstream asset base.
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