In a move that highlights the accelerating consolidation in the U.S. energy sector, Crescent Energy has announced its acquisition of Ridgemar Energy’s assets in the Eagle Ford basin for $905 million in a cash-and-stock deal. This bold step not only enhances Crescent’s operational capacity in one of Texas’s most prolific oil regions but also underscores broader industry trends.
Crescent Energy Inc
Crescent Energy Inc ranks #121 in wells drilled in 2023 with 19 wells drilled in the US. Download drilling report.
Crescent Energy to buy rival SilverBow Resources
Oil and gas producer Crescent Energy (CRGY.N), opens new tab has agreed to buy rival SilverBow Resources (SBOW.N), opens new tab for $2.1 billion, a deal which would create the second-largest operator in the Eagle Ford basin in south Texas.