Crescent Energy to Acquire Devon Energy's Eagle Ford Assets for $3.85 Billion

Key Facts

1Crescent Energy announced a definitive agreement to acquire Eagle Ford assets from Devon Energy.

2The estimated net purchase price for the transaction is approximately $3.85 billion.

3The transaction aims to solidify Crescent's position in the Eagle Ford basin by adding Tier 1 inventory adjacent to existing operations.

Crescent Energy announced a definitive agreement to acquire assets in the Eagle Ford basin from Devon Energy, according to a statement on Business Wire. The estimated net purchase price for the transaction is approximately $3.85 billion. The deal aims to solidify Crescent's position in the basin by adding Tier 1 inventory adjacent to its existing operations.

CRGY closed at $13.47 on October 7, 2026, while DVN closed at $47.88 on the same date. The acquisition is intended to scale Crescent's operations and high-quality inventory within the shale sector, marking a strategic shift as Devon Energy exits these specific regional holdings.