https://www.live-feeds.com/feed/devon-sheds-eagle-ford-assets-for-4-2-billion-to-deepen-permian-betContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/devon-sheds-eagle-ford-assets-for-4-2-billion-to-deepen-permian-bethttps://www.live-feeds.com/feed/devon-sheds-eagle-ford-assets-for-4-2-billion-to-deepen-permian-bet#u116440Sun, 11 Oct 2026 14:37:20 +0000Devon Energy has entered into a definitive agreement to sell its entire drilling portfolio in the Eagle Ford shale basin of South Texas to Crescent Energy Company for $4.2 billion in cash. The transaction covers roughly 90,000 net acres and marks Devon's full exit from the Eagle Ford region. Crescent Energy is funding part of the multi-billion dollar acquisition by launching a $1 billion underwritten public offering of class A common stock. The overall deal is expected to close around year-end 2026.Why it mattersThis acquisition reshuffles U.S. shale assets as Devon sharpens its operation