Devon Energy Corp

DVN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Devon: Eagle Ford Asset Sales to Crescent Energy Accrete Roughly $1 per Share of Value

Joshua Aguilar

Oct 9, 2026

Devon announced it's selling its Eagle Ford assets to Crescent Energy for $4.2 billion. The 90,000 net acres in the basin represent roughly 4% of Devon's net production on a barrel of oil equivalent basis, and a similar proportion of Devon's total net acres, by our estimates.

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Devon Energy Corp

Devon: Eagle Ford Asset Sales to Crescent Energy Accrete Roughly $1 per Share of Value

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