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DVN Investor Relations-Oct 8, 12:00 PM
Devon agrees to sell Eagle Ford assets to Crescent Energy for $4.2 billion
Event: Oct. 8, 2026. Devon agreed to sell approximately 90,000 net acres in Karnes, DeWitt and Gonzales Counties, Texas, to Crescent Energy for $4.2 billion cash, subject to customary closing adjustments. Assets represent about 4% of Devon’s total BOE production. Sale effective July 1; closing expected around year-end 2026, subject to approvals. After-tax proceeds are slated for share repurchases