Market News / Story
Devon Energy to sell Eagle Ford assets for $4.2B, closing Q4 2026/early 2027
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Devon Energy agreed to sell its Eagle Ford assets for $4.2 billion in cash, subject to customary adjustments and closing conditions. Key Highlights: Sale of Eagle Ford assets for $4.2 billion cash, subject to purchase price adjustments and allocations to a July 1, 2026 effective date. Assets comprise ~90,000 net acres in Karnes, DeWitt and Gonzales Counties, representing ~4% of Devon's total BOE production. Transaction expected to close in Q4 2026 or early 2027, pending…