Summary
- Crescent Energy has entered into a definitive agreement to acquire Eagle Ford assets from Devon Energy for approximately US$3.85 billion, enhancing its position in the region.
- The transaction is set to close in late 2026 or early 2027, pending customary closing conditions.
- Latham & Watkins LLP advised Crescent Energy, with a comprehensive team covering various legal aspects including M&A, tax, and environmental matters.
- This acquisition is expected to align with Crescent's strategy focused on free cash flow and disciplined capital allocation, potentially reshaping its operational scale.
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