Crescent Energy to Strengthen Eagle Ford Presence With New Acquisition

Crescent Energy Company (CRGY) has announced the acquisition of Ridgemar Energy's Eagle Ford assets in Texas. The company stated that the cash-and-stock deal is valued at $905 million. Per the terms of the deal, Crescent Energy may have to pay an additional $170 million, subject to future oil prices. The deal is anticipated to be closed in the first quarter of 2025.The acquisition should further expand CRGY’s footprint in the Eagle Ford basin, one of the most prolific basins in the United States. Crescent E ...