# Crescent Energy Agrees to Buy Devon’s Eagle Ford Assets for $4.2B By John Kim Canonical URL: https://www.tokenpost.com/news/business/28031 Published: 2026-10-08T12:10:05.000Z Updated: 2026-10-08T12:10:05.000Z Section: Business > The cash transaction adds Tier 1 inventory and scale next to Crescent’s existing Eagle Ford operations. Crescent Energy (CRGY) fell 2.4% in premarket trading Oct. 8. Crescent Energy agreed to acquire Devon Energy’s Eagle Ford assets for about $4.2 billion in cash, adding Tier 1 inventory and scale next to its existing operations in the basin. The transaction would make Crescent a larger Eagle Ford operator while giving Devon Energy (DVN) an asset sale. Crescent Energy (CRGY) fell 2.4% in premarket trading Oct. 8 after the deal was announced. The agreement follows [Toms Capital Management’s push for Devon to explore strategic alternatives]() and simplify its portfolio. ## Links in this article - [Toms Capital Management’s push for Devon to explore strategic alternatives](https://www.tokenpost.com/news/business/23312)