Crescent Energy Co.
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About
Crescent Energy is a diversified, well capitalized, U.S. independent energy company with a portfolio of assets in key proven basins across the lower 48 states. Our core leadership team is a group of experienced investment, financial and industry professionals who continue to execute on the strategy we have employed since 2011. The company’s mission is to invest in energy assets and deliver better returns, operations and stewardship.
Editor's note: Updated Dec. 15, 2021.
Transactions
Crescent Energy to Acquire EP Energy Utah Assets for $815 Million
Crescent Energy to Acquire EP Energy Utah Assets for $815 Million
Crescent Energy to Acquire EP Energy Utah Assets for $815 Million
Crescent Energy to Acquire EP Energy Utah Assets for $815 Million
Contango Oil & Gas to Combine with KKR-backed Firm in All-stock Merger
Contango Oil & Gas to Combine with KKR-backed Firm in All-stock Merger
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New Financings
Priced a private placement to eligible purchasers of 7.250% senior notes due 2026, which had been…
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News
Uinta Basin: 50% More Oil for Twice the Proppant
The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.
Daugherty: Feds Take Aggressive Posture on Oil, Gas Mergers
Newly released guidelines by the Department of Justice and Federal Trade Commission suggest that a post-deal, combined market share of more than 30% is potentially problematic.
Crescent Energy Ups Interest in Western Eagle Ford Shale
Crescent Energy is boosting its stake in a western Eagle Ford Shale, bringing its total M&A spending in the play to $850 million this year.
Private Equity Ownership in E&Ps Slips, Reducing Overhang: Truist
A Truist Securities study finds more diversity in private equity ownership of E&Ps and predicts more of them will keep their ownership for the longer term.
Crescent Offers $250MM Private Placement Senior Notes Due 2028
Indirect subsidiary of Crescent Energy, Crescent Energy Finance, is offering $250 million in 9.250% senior notes due 2028, joining a set of existing notes, also due 2028, worth $400 million.
Crescent Energy Closes Eagle Ford Acquisition
Crescent Energy’s $600 million deal adds 75,000 net acres primarily located in Dimmit and Webb counties, Texas.
Exclusive: Mesquite Sells Eagle Ford’s Catarina Ranch to Black Mountain O&G
In a transaction likely worth about $300 million, Mesquite Energy made its second divestiture of Eagle Ford assets in a month following a deal with Crescent Energy.
Uinta Rivals the Best of Permian, XCL Resources Contends
The Uinta competes with the Permian Basin’s best counties, although XCL Resources acknowledges the crude’s paraffin content presents transportation hurdles.
A&D Minute: High-dollar Deals in South Texas [WATCH]
In this week's A&D Minute, Callon Petroleum unveils plans to exit the Eagle Ford Shale, Crescent Energy looks to expand its Eagle Ford inventory and Diamondback Energy completes divestitures of assets both upstream and midstream.
Crescent Energy Bolt-on Adds Eagle Ford Assets for $600 Million
Crescent Energy will acquire operated interests and working interests from Mesquite Energy while nearly doubling its inventory in the play.
Crescent Point Expands Core Kaybob Duvernay Assets With CA$375 Million Bolt-on
Crescent Point announced its second bolt-on in the Kaybob play since acquiring a position from Shell in 2021.
A&D Watch: Utah’s—Yes, Utah—M&A Spree
While it’s inevitable that another basin snatches a ray of limelight from the Permian Basin from time to time, probably no one expected a rare run on Utah’s Uinta Basin, where M&A has suddenly been heating up.
Crescent Energy Closes $690 Million Acquisition of EP Energy Uinta Assets
At the time of the transaction’s announcement in February, Crescent Energy had said total cash consideration for the Uinta Basin assets in Utah previously owned by EP Energy was approximately $815 million.
Crescent Energy to Acquire EP Energy Utah Assets for $815 Million
Crescent Energy will acquire the Uinta Basin assets, previously owned by EP Energy, in an all-cash transaction from Verdun Oil, an EnCap-backed firm.
Houston-based Crescent Energy Joins Oil & Gas Methane Partnership
The partnership creates a credible platform to help member companies demonstrate actual methane emission reductions.