---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-417944"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2026-10-08T20:18:25+00:00"
generated_at: "2026-10-12T15:28:13.190439+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Devon Energy to sell Eagle Ford assets to Crescent Energy for $4.2 billion in cash

## Summary
- Devon will sell about 90,000 net acres in Karnes, DeWitt and Gonzales Counties, Texas, representing roughly 4% of total BOE production.
- Purchase price is $4.2 billion cash, subject to adjustments, with July 1, 2026 effective date; close expected Q4 2026 or early 2027.
- After-tax proceeds will accelerate share repurchases and debt reduction, lowering go-forward corporate breakeven and base production decline rate.
- CEO Clay Gaspar cited 2026 steps including combining with Coterra, adding Delaware Basin inventory in federal lease sale, and investing in Solitude pipeline.
- RBC Richardson Barr is exclusive financial advisor and Kirkland & Ellis LLP is legal advisor; Q3 2026 results are scheduled for Nov. 5, 2026.

## SEC filing metadata
- accession: 0001193125-26-417944
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2026-10-08T20:18:25+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312526417944/0001193125-26-417944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312526417944/d141547d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-417944
- JSON: https://secwatch.observer/filing/0001193125-26-417944.json
- Plain text: https://secwatch.observer/filing/0001193125-26-417944.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.