DEVON SELLS EAGLE FORD FOR $4.2 BILLION CASH

Devon Energy agreed to sell its entire Eagle Ford position in Texas to Crescent Energy for $4.2 billion in cash. The assets span roughly 90,000 net acres across Karnes, DeWitt and Gonzales counties but account for only about 4% of Devon's total output. Devon said after-tax proceeds will go toward accelerating share buybacks and cutting debt, with the deal expected to close around year-end 2026. $DVN exits a legacy basin while $CRGY expands its Eagle Ford footprint.