Macro Finance
Devon to Sell Shale Oil Assets to Crescent for $4.2 Billion
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., backed by KKR & Co., for about $4.2 billion. The deal marks a significant divestiture for Devon, which is streamlining its assets, while Crescent expands its footprint in the region.
Read at Bloomberg MarketsDaily crypto arcade
Read the news, then play it.
Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.