Market News / Story
Crescent Energy Company (CRGY) To Buy Devon’s Eagle Ford Assets For ~$3.85B
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Crescent Energy entered a definitive deal to acquire Devon Energy’s Eagle Ford assets for an estimated ~$3.85B, adding ~68 Mboe/d and 600+ Tier 1 net locations. Closing is expected in Q4 2026 or early 2027, subject to conditions. Material Details #DetailAI Analyst View1Acquisition price ~$3.85BLarge, potentially leverage- and dilution-impacting deal; valuation key to CRGY equity.2~68 Mboe/d net productionImmediate scale boost can lift cash flow if commodity prices…