Devon Energy agreed to sell its Eagle Ford assets to Crescent Energy for $4.2 billion in cash. The assets represent about 4% of Devon's total production. Proceeds will fund share buybacks and debt reduction.
Sentimentbullish 80
Strongly bullish · 80 of 100
Impact60
medium · sector-wide
Confidence95%
high confidence · 3 wires
Eventconfirmed
v3 · alerted to followers
WHAT WE KNOW
Devon Energy sells Eagle Ford assets to Crescent Energy for $4.2 billion cash.
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