India, Oct. 8 -- Crescent Energy Company (CRGY) Thursday said it has agreed to acquire Eagle Ford assets from Devon Energy for for an estimated net purchase price of about $3.85 billion.
Crescent expects the acquisition to generate about $140 million in annual synergies across drilling and completion, lease operating expenses and marketing, while increasing free cash flow and supporting debt reduction.
The acquired assets include about 68,000 barrels of oil equivalent per day of net production and more than 600 Tier 1 net locations.
The transaction is expected to close in the fourth quarter of 2026 or early 2027.
"We know these assets exceptionally well through our longstanding minerals ownership and nearby operations, and see meaningfu...