✉news EnvironmentEnergy first seen 2 d ago, last 2 d ago, peak #37

Devon Energy Sells Eagle Ford Assets for $4.2 Billion

Original: Devon Energy Sells Eagle Ford Assets to Crescent Energy for $4.2 Billion

Devon Energy has agreed to sell its Eagle Ford shale assets to Crescent Energy in a deal valued at $4.2 billion. The transaction marks a significant shift in Devon's portfolio as it moves away from South Texas operations, and is one of the larger upstream asset sales in the US energy sector, drawing attention from investors and industry watchers tracking consolidation among American shale producers.

Why now: A major $4.2 billion shale asset sale reshapes portfolios for both companies and signals continued consolidation in the US oil and gas sector.

Devon EnergyCrescent EnergyEagle Ford

Open on news →

Evidence

• Devon Energy Sells Eagle Ford Assets to Crescent Energy for $4.2 Billion · WSJ

API: https://socialmediatrends-api.osmike.com/v1/trends/1501046