business

Devon Energy to Divest Eagle Ford Shale Assets to Crescent Energy for $4.2 Billion

8 Ekim 2026Bloomberg

Devon Energy Corp. has agreed to sell its Eagle Ford shale assets to Crescent Energy for approximately $4.2 billion.
Devon Energy Corp. has reached an agreement to sell its drilling assets in the Eagle Ford shale basin of South Texas to Crescent Energy Co.
for approximately $4.2 billion. Crescent Energy, which is supported by KKR & Co., aims to enhance its portfolio with this acquisition.
The Eagle Ford shale basin has been a significant area for oil production in the United States, and this transaction underscores the competitive nature of the industry. Companies are increasingly looking to optimize their operations and capitalize on high-demand areas, especially in light of fluctuating oil prices a…
This sale highlights the ongoing consolidation in the oil industry, where companies are reassessing their asset portfolios to adapt to changing market conditions. Devon's decision to divest from the Eagle Ford basin may indicate a strategic pivot towards more lucrative or sustainable ventures.

NewsAI özeti

This article is for informational purposes only and does not constitute financial advice.

Tam teknik rapor ve canlı veriler için yayıncının web sitesini ziyaret edin.

Her yerde okuyun. iOS ve Android için ödüllü uygulamalarımızı indirin.