Kirkland Advises Devon Energy on Agreement to Exit the Eagle Ford for $4.2 Billion
Kirkland & Ellis advised Devon Energy Corp. (NYSE: DVN) on its definitive agreement to sell its Eagle Ford assets to Crescent Energy Company for total consideration of $4.2 billion in cash, subject to customary closing adjustments. The assets to be sold consist of approximately 90,000 net acres in Karnes, DeWitt and Gonzales Counties, Texas. The transaction is expected to close around year-end 2026.
The Kirkland team worked closely with Devon’s assistant general counsel Rachel Evans and senior counsel Mackenzie Smith to execute the transaction.Read Devon’s press release
The Kirkland team included corporate lawyers David Castro, Jr., Lindsey Jaquillard, Alex Lippert, Rizwan Popatia, Rachel Miller, Nicole Faria and Isabella Rovere; debt finance lawyers Will Bos and Corey Bopp; capital markets lawyers Michael Rigdon and Robbie Dillard; tax lawyers Mark Dundon and Jake Laubach; executive compensation lawyers Stephen Jacobson, Maddison Riddick and Cassandra Zárate; employment & labor lawyers Christie Alcala and George Cartveli; employee benefits lawyers Justin Coddington and Stew Dunoskovic; environmental transactions lawyers Jonathan Kidwell and Max Anderson; energy regulatory lawyers Damien Lyster, Ethan Borrasso and Darren Fernandez; litigation lawyers Anna Rotman and Nick Niles; and antitrust & competition lawyer Chuck Boyars.
