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Devon Energy Eagle Ford Sale to Boost Buybacks and Reduce Debt

BenzingaLekha Gupta

Devon Energy agreed to sell its Eagle Ford assets to Crescent Energy for $4.2 billion in cash, with proceeds supporting buybacks and debt reduction.

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  1. SEC EDGARSEC EDGAR

    8-K filing — Crescent Energy Co (CRGY)

    Filed: 2026-10-15 AccNo: 0001866175-26-000138 Size: 2 MB Item 1.01: Entry into a Material Definitive Agreement Item 2.02: Results of Operations and Financial Condition Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits