Undisclosed Seller | Stephens

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Financial Advisor

Undisclosed Seller

$168.0 Million 10/01/2024 Energy & Clean Energy Transition Complete
Private Companies
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Transaction Details

  • In October 2024, an undisclosed seller divested its ownership in certain assets in Texas to Crescent Energy Company (NYSE: CRGY) ("Crescent") and in Oklahoma to an undisclosed buyer
    • The Texas asset transacted for $168MM
      • Consists of an Eagle Ford focused position estimated to average ~4,000 boepd in 2025 according to Crescent
      • Contains ~30 high-return core Eagle Ford development locations, midstream ownership, as well as ~5,300 net royalty acres and ~3,500 surface acres
    • The Oklahoma assets transacted for $98MM
      • Includes ~3,500 net acres in Stephens Co., OK with 19 producing wells targeting the Woodford & Sycamore plays of the Anadarko Basin

About the company

Crescent Energy Company
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 long-life, balanced portfolio combines stable cash flows from low-decline production with deep, high-quality development inventory. Crescent’s activities are focused in Texas and the Rocky Mountains. For additional information, please visit www.crescentenergyco.com.

Sources: Press release, Company provided information, Company websites.
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