President and CEO Clay Gaspar announced that the sale of Eagle Ford assets to Crescent Energy for $4.2 billion completes an ongoing portfolio review. The transaction sharpens Devon Energy's focus on its highest-return and longest-duration assets. This strategic move reflects the company's commitment to optimizing its asset base and streamlining operations in the current market environment.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing