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Devon Energy Exits Eagle Ford in $4.2B Asset Sale to Crescent

Devon Energy announced Thursday that it has agreed to divest about 68 Mboe/d in Eagle Ford producing assets to Houston-based Crescent Energy for $4.2 billion.

Sale of the assets, which include more than 600 Tier 1 sites across about 90,000 acres in the South Texas counties of DeWitt, Gonzales and Karnes, signals Devon’s effective exit from the Eagle Ford to focus on the Permian Basin.

Allen Pusey

Allen Pusey is a senior editor and writer at The Texas Lawbook.

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