Crescent Energy Co (CRGY) Form 8-K — Oct 8, 2026
$CRGYForm 8-KItems 1.01, 2.02, 7.01, 8.01, 9.01Filed Oct 8, 2026, 7:08 AM ET0001628280-26-065385Original filing
Crescent Energy (NYSE: CRGY) has agreed to acquire Eagle Ford assets from Devon Energy for a $4.22 billion headline cash purchase price, approximately $3.85 billion net of estimated adjustments, with closing expected in Q4 2026 or early 2027. The acquired assets add roughly 68 MBoe/d of oil-weighted production, 89 thousand net acres, more than 600 Tier 1 net locations, and approximately $1.7 billion of net proved developed PV-10 at NYMEX pricing, with $140 million of identified annual synergies.
Key figures
- Debt Amount
- 2000000000
- Deal Value Usd
- 4220000000
- Expected close
- Q4 2026 or early 2027
- Annual synergies
- $140 million
- Devon pd PV10 SEC
- $1.353 billion
- Devon pd PV10 NYMEX
- $1.712 billion
- Bridge facility lender
- JPMorgan Chase Bank, N.A.
- Pro forma 2025 net loss
- $373.6 million
- Acquired production MBoe d
- 68
- Combined production MBoe d
- 316
- Net purchase price estimate
- $3.85 billion
- Acquired net acres thousands
- 89
- Pro forma 2025 Adjusted EBITDAX
- $4.1 billion
AI analysis
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