"We are pleased to complete this accretive acquisition, which further scales our core Eagle Ford position as we also welcome many talented new members to the Crescent Energy team," said Crescent CEO David Rockecharlie. "This acquisition demonstrates our disciplined approach to creating shareholder value by combining our investing and operational expertise to acquire and efficiently integrate high-quality assets while maintaining a strong financial profile. These assets enhance our oil-weighted production and extend our low-risk inventory, reinforcing our ability to deliver sustained cash flow and returns. We remain focused on executing our strategy of profitable growth and advancing our investment-grade ambitions."
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles.
Oilfield Technology’s November/December 2024 issue
The November/December 2024 issue of Oilfield Technology includes a report on 2024’s upstream highlights from the Asia Pacific region, along with technical articles on intuitive shaker technology; reshaping OCTG and line pipe supply chains in the UAE; mercaptan removal strategies; and maximising pressure pumping with durable pump consumables.
