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Devon to Sell $4.2 Billon Shale Oil Assets to Crescent Energy
Source: Bloomberg
M&A & RestructuringEnergy Markets & PricesCompany Fundamentals
Devon Energy agreed to sell its Eagle Ford shale drilling portfolio in South Texas to KKR-backed Crescent Energy for about $4.2 billion. The article provides no further terms or stated rationale for the transaction.
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