secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2026-10-08T11:08:23+00:00
Accession:  0001628280-26-065385
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000162828026065385/0001628280-26-065385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000162828026065385/crgy-20261008.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-065385

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