Devon Energy to sell Eagle Ford shale assets to Crescent Energy Company for $4.2 billion
DVN Devon Energy Corp
$47.88 -0.29%
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- 1Devon Energy has agreed to sell its Eagle Ford shale assets to Crescent Energy Company for $4.2 billion in cash.
- 2The assets being sold account for approximately 4% of Devon's total production.
- 3Crescent Energy Company identified annual synergies of $140 million across drilling, operations, and marketing.
So what's the key point?
Devon Energy has decided to sell some of its assets to Crescent Energy Company for $4.2 billion. Through this deal, Crescent Energy Company will be able to save $140 million in costs every year.
Source Bloomberg +3 · View original ↗
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