Crescent Energy to acquire Uinta Basin assets of Verdun Oil Company II for $815m.

Crescent Energy, an energy company, agreed to acquire Uinta Basin assets of Verdun Oil Company II, an oil and gas company, for $815m. “We are acquiring these assets at a compelling valuation. They are a great addition to our existing Rockies footprint and align perfectly with our cash flow based strategye. Importantly, this transaction maintains our commitment to financial strength and flexibility while adding meaningful scale to our low-decline production base, free cash flow and proven inventory of highly economic re-investment opportunity,” David Rockecharli, Crescent CEO.