We are pleased to announce that Crescent Energy has entered into an agreement to acquire Vital Energy. This transaction delivers compelling value for all shareholders, establishing a top 10 independent with scaled assets across three premier basins. The combined company is positioned to generate significant free cash flow, supported by a strong balance sheet, peer-leading return of capital program and a deep opportunity set for continued growth through disciplined, returns-driven M&A. We remain committed to building Crescent into a leading energy company grounded in safety, responsibility and operational excellence. Learn more about the transaction here: https://lnkd.in/g3Gs64QR
About us
Crescent is a differentiated U.S. energy company committed to delivering value for shareholders through a disciplined growth through acquisition strategy and consistent return of capital. Crescent’s portfolio of low-decline, cash-flow oriented assets comprises both mid-cycle unconventional and conventional assets with a long reserve life and deep inventory of high-return development locations in the Eagle Ford and Uinta basins. Crescent’s leadership is an experienced team of investment, financial and industry professionals that combines proven investment and operating expertise. For more than a decade, Crescent and its predecessors have executed on a consistent strategy focused on cash flow, risk management and returns. For additional information, please visit www.crescentenergyco.com.
- Website
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http://crescentenergyco.com
External link for Crescent Energy
- Industry
- Oil and Gas
- Company size
- 501-1,000 employees
- Headquarters
- Houston, Texas
- Type
- Public Company
Locations
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Primary
600 Travis St
Suite 7200
Houston, Texas 77002, US
Employees at Crescent Energy
Updates
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“We are thrilled to welcome J. D. "Joey" Hall to the Crescent team. Joey is a proven leader and trusted teammate with a world-class track record of operational success. Crescent continues to build on our leading combination of investing and operating expertise, enabling us to advance our investment grade ambitions and deliver long-term value to our shareholders.” - David Rockecharlie, CEO See the full press release here: https://lnkd.in/gM2fF7DG
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“2024 was a transformational year for Crescent, defined by strong financial and operational execution, as well as significant and profitable growth through multiple accretive acquisitions… Our 2024 performance and acquisitions have positioned us well for continued success in 2025, and we remain focused on disciplined execution, flexible capital allocation and maximizing free cash flow and returns from our high-quality assets.” – David Rockecharlie, CEO Read more about our fourth quarter and full year 2024 results: https://lnkd.in/g8_YjC_m
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“This transaction continues to highlight our ability to utilize our investing and operating expertise to identify and acquire high-quality assets, efficiently integrate them into our business and drive additional value through improved operations. With accelerated synergies captured from the integration of SilverBow and our recent bolt-on acquisition, our full team is ready and eager to add the Ridgemar assets to our core operating footprint in the Eagle Ford.” – David Rockecharlie, CEO Read more about our latest accretive Eagle Ford bolt-on: https://lnkd.in/gUe3bRzU
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“I am proud of our talented team and the results they have been able to achieve for our investors. We are also pleased to be included into the S&P SmallCap 600 Index, reflecting the consistent financial and operating performance our team has delivered. I am confident in our ability to capitalize on recent successes and continue our profitable growth trajectory towards our investment grade ambitions.” – David Rockecharlie, CEO Read more about our third quarter 2024 results: https://lnkd.in/gf6-MQtz
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"I think we are, in particular, very focused on doing what we can control, doing the right thing. We want people to recognize Crescent for doing what we say we’re going to do. So, we tend to be very transparent about what our objectives are. We’re a growth-through-M&A company." David Rockecharlie, CEO Crescent Energy CEO, David Rockecharlie, recently sat down with Hart Energy's Jordan Blum to discuss Crescent's strategy of growth through M&A - a strategy that has been consistent since the company was founded with a differentiated vision and discipline.
Growth Through M&A: The Making of an Eagle Ford and Uinta Giant Crescent Energy CEO discusses the expanding gravitational pull of Crescent after acquiring SilverBow and others. Read the full story: https://lnkd.in/gG5snVaN
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We are pleased to announce our latest efforts to further Crescent’s position as a leading growth through acquisition company: an accretive Eagle Ford bolt-on and a tack-on notes offering. "This transaction builds upon our momentum in the Eagle Ford, where we see substantial opportunity for further growth and compelling investment returns." David Rockecharlie, Crescent Energy CEO See Press Releases for more information: https://lnkd.in/g3Gs64QR There are a lot of great things happening at Crescent Energy! Stay up to date on our latest news on the newly designed website: www.crescentenergyco.com