$DVN (DEVON ENERGY CORP/DE) — 8-K: Devon Energy to sell Eagle Ford assets to Crescent Energy for $4.2 billion in cash

The Eagle Ford package covers roughly 90,000 net acres in Karnes, DeWitt and Gonzales Counties, Texas, representing about 4% of Devon's total BOE production. After-tax proceeds will fund accelerated share repurchases and debt reduction. The deal has an effective date of July 1, 2026 and is expected to close around year-end 2026, subject to regulatory approvals. Devon will detail the impact on its outlook with third-quarter 2026 results on November 5, 2026.

The Eagle Ford package covers roughly 90,000 net acres in Karnes, DeWitt and Gonzales Counties, Texas, representing about 4% of Devon's total BOE production. After-tax proceeds will fund accelerated s