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Crescent Energy to Buy Devon Eagle Ford Assets for $4.22 Billion, Secures $2.0 Billion Bridge
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Crescent Energy announced a definitive agreement to acquire Devon Energy Production Company's Eagle Ford assets for $4.22 billion in cash, with the price subject to customary adjustments from a July 1, 2026 economic effective date. Closing is expected in the fourth quarter of 2026 or early 2027, pending customary conditions and regulatory approvals. To support the all-cash transaction, Crescent also secured a debt commitment letter from JPMorgan Chase Bank for a bridge…