Crescent Pass Energy Adds 60,000 Net Acres to Growing East Texas Position

Crescent Pass Energy’s recent acquisition of operated and nonoperated assets in East Texas marks the second significant acquisition by the privately held E&P company in the region in the past two months.

Crescent Pass Energy Adds 60,000 Net Acres to Growing East Texas Position

The recent transactions combined with existing assets bring Crescent Pass Energy’s total production volume to approximately 8,800 boe/d.  (Source: Hart Energy)

Crescent Pass Energy LLC recently closed on an acquisition of operated and nonoperated assets in East Texas, making it the second significant acquisition by the privately held E&P company in the region in the past two months.

“This acquisition is an exciting milestone for us as it marks our second significant growth transaction in fewer than two months,” Crescent Pass CEO Tyler Fenley commented in a Nov. 3 release.

The seller and terms of the transaction deal weren’t disclosed, however, Crescent Pass revealed it has deployed more than $100 million on acquisitions in 2021 to date, “with substantial remaining equity capital reserved for future opportunities,” according to the release.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.