DVN Subsidiary to Sell Eagle Ford Oil and Gas Assets for $4.2 Billion Cash to Crescent (Eagle Ford)
· The NYC Memo
On October 8, 2026, Devon Energy Production Company, L.P., a Devon Energy Corporation subsidiary, entered a Purchase and Sale Agreement with Crescent (Eagle Ford) LLC. The agreement details the sale of certain Eagle Ford oil and gas assets in South Texas for $4.2 billion in cash, subject to purchase price adjustments. The transaction has an effective date of July 1, 2026, and is expected to close in Q4 2026 or early 2027.