Macro Finance
Devon to Sell Shale Oil Assets to Crescent for $4.2 Billon
Bloomberg Markets·October 8, 2026·1 min read
Devon Energy Corp. agreed to sell its drilling portfolio in the Eagle Ford shale basin of South Texas to Crescent Energy Co., an oil producer backed by KKR & Co., for about $4.2 billion. The deal marks a significant divestiture for Devon.
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