Crescent Energy agrees to buy Devon Eagle Ford assets for estimated USD 3.85 billion net purchase price
Bitget2026/10/08 11:09Crescent Energy entered a definitive agreement to buy Devon Energy’s Eagle Ford assets for an estimated net purchase price of $3.85 billion. Closing targeted for Q4 2026 or early 2027, subject to customary closing conditions. Deal adds about 68 Mboe/d of net production plus more than 600 Tier 1 net locations normalized to 10,000 feet. Management expects about $140 million of annual synergies across drilling and completions, lease operating expense, marketing. Funding planned from cash on hand plus a mix of debt and equity, with committed debt financing options from JPMorgan Chase Bank, N.A. and RBC Capital Markets. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crescent Energy Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-065385), on October 08, 2026, and is solely responsible for the information contained therein.
- Crescent Energy entered a definitive agreement to buy Devon Energy’s Eagle Ford assets for an estimated net purchase price of $3.85 billion.
- Closing targeted for Q4 2026 or early 2027, subject to customary closing conditions.
- Deal adds about 68 Mboe/d of net production plus more than 600 Tier 1 net locations normalized to 10,000 feet.
- Management expects about $140 million of annual synergies across drilling and completions, lease operating expense, marketing.
- Funding planned from cash on hand plus a mix of debt and equity, with committed debt financing options from JPMorgan Chase Bank, N.A. and RBC Capital Markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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