Crescent Energy Closes $905MM Acquisition in Central Eagle Ford
Transaction Type
Buyers
Basin
Eagle Ford Shale
Post Date
Close Date
Estimated Price
905BB
Description
Crescent Energy has closed its $905 million acquisition of Eagle Ford Shale assets from Ridgemar Energy in a cash-and-stock deal that could include additional contingency payments of up to $170 million, the company said Jan. 31.
Carnelian Energy Capital Management-backed Ridgemar received $830 million in cash and 5.45 million shares of Crescent Class A common stock. Contingency payments are based on future oil prices in 2026 and 2027.
The Ridgemar deal caps a year for the Eagle Ford consolidator that included the $2.1 billion transaction acquisition of SilverBow Resources.