Crescent Energy has agreed to buy Devon’s Eagle Ford assets for $4.2 billion, adding approximately 90,000 net acres, 68,000 boe/day of production and more than 600 Tier 1 net drilling locations. OilGasLeads’ report records 99 Devon Eagle Ford wells since 2025—82 in DeWitt and 17 in Karnes—with three H&P rigs accounting for 98 records.

Toms Capital is urging Devon Energy to consider strategic alternatives, including a sale, months after Devon completed its merger with Coterra Energy. No sale process or timeline has been announced, while Devon’s published 2026 operating plan remains the clearest guide for suppliers and contractors.

Devon Energy and WhiteWater have reached FID on the Solitude Pipeline System, which is planned to provide up to 4.5 Bcf/d of natural gas transportation capacity from the Permian Basin to Katy, Texas. Initial service is expected in the second half of 2029, followed by an additional 2.25 Bcf/d of capacity in 2030.

Devon Energy is reportedly considering the sale of its Eagle Ford and Powder River assets in a transaction that could exceed $4 billion. The move would further concentrate the company’s portfolio on the Permian Basin following its acquisition of Coterra Energy while creating acquisition opportunities for other operators.

Devon Energy has built one of North America’s largest multi-basin drilling portfolios through a series of strategic acquisitions—including WPX Energy, Grayson Mill Energy, Validus Energy, Felix Energy, and the transformational 2026 merger with Coterra Energy—bringing together the legacy assets of Cabot Oil & Gas, Cimarex Energy, Franklin Mountain Energy, Avant Natural Resources, and others under a single operator. With more than 7,300 well permits concentrated in the Delaware Basin and significant activity across the Permian, Eagle Ford, Williston, STACK, Powder River, and Marcellus, Devon continues to maintain a diversified, long-term drilling program that creates sustained opportunities for oilfield service companies, suppliers, and infrastructure providers.

Following its merger with Coterra Energy, Devon Energy expects 2026 production to average approximately 1.38 million BOE/d, supported by a $4.9 billion capital program that is more than 60% focused on the Permian Basin. The company is targeting up to 70% free cash flow returns to shareholders, $1.25 billion in debt reduction, and $1 billion in annual pretax synergies by the end of 2027.

Devon Energy has reportedly received an approximately $8 billion offer from Stone Ridge Asset Management for its Marcellus shale assets in Pennsylvania, which were acquired through the recent merger with Coterra. The proposal highlights strong investor demand for long-life natural gas assets as Devon evaluates opportunities to optimize its portfolio following the merger.

Devon Energy’s $2.6 billion acquisition of 16,300 net undeveloped acres in the core Delaware Basin strengthens its long-term drilling inventory and further solidifies its position as a leading Permian Basin operator following its recent merger with Coterra. Devon has already drilled 147 wells in New Mexico year-to-date, with the majority of activity concentrated in Lea County, where H&P remains the dominant drilling contractor and Red Hills ranks as the top producing field by well count.

Devon Energy and Coterra Energy shareholders have approved an all-stock merger expected to close in early May 2026, creating a larger, more efficient shale operator. The combined company will leverage complementary assets across major U.S. basins to drive scale, improve margins, and increase free cash flow.

Devon’s AI strategy signals that operators are no longer buying tools or services — they’re building AI-driven operating systems that internalize decision-making and compress execution cycles. For OFS companies, this shifts value away from human-intensive services toward clean data, seamless integration, and outcome-based partnerships, while eroding pricing power for stand-alone or non-integrated offerings.