---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-065385"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2026-10-08T11:08:23+00:00"
generated_at: "2026-10-12T15:39:01.655049+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Crescent Energy to acquire Devon Eagle Ford assets for ~$3.85B; adds 68 Mboe/d and 600+ Tier 1 locations

## Summary
- Purchase price $4.22B cash per the October 8, 2026 purchase and sale agreement with Devon (NYSE: DVN); press release cites estimated net price ~$3.85B after adjustments.
- Adds ~68 Mboe/d net production (July 2026 run-rate 68 MBoe/d), 89k net acres 97% operated, 152 MMBoe proved reserves (79% oil/liquids), 600+ Tier 1 net locations.
- Bridge credit facility up to $2.0B from JPMorgan Chase Bank dated Oct 8, 2026 funds the all-cash deal; closing expected Q4 2026 or early 2027 pending regulatory approvals.
- Pro forma reserves rise to 1,127.3 net MMBoe (63% liquids) from 975.5 net MMBoe; combined NYMEX PV-10 $13.5B vs Crescent standalone $10.5B.
- 2026 capex guided ~$1.75B including Devon assets; 2025 Adjusted EBITDAX $2.1B; pro forma for Transactions Adjusted EBITDAX $4.1B and net loss $373.6M.

## SEC filing metadata
- accession: 0001628280-26-065385
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2026-10-08T11:08:23+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000162828026065385/0001628280-26-065385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000162828026065385/crgy-20261008.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-065385
- JSON: https://secwatch.observer/filing/0001628280-26-065385.json
- Plain text: https://secwatch.observer/filing/0001628280-26-065385.txt

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