Crescent Energy to acquire an additional stake in Western Eagle Ford assets of Mesquite Energy for $250m.

Transaction Tags

• Private
• Pending
• Single Bidder
• United States
• oil and natural gas exploration
• Integrated Oil and Gas
• Acquisition
• Domestic
• Minority
• Friendly

Synopsis

Crescent Energy, an independent energy company, agreed to acquire an additional stake in Western Eagle Ford assets of Mesquite Energy, a privately held independent oil and natural gas exploration and production company, for $250m. “We are pleased to further scale our high-quality Western Eagle Ford position following the recent acquisition of operatorship of this asset earlier in the quarter. This transaction is consistent with our strategy to grow opportunistically through accretive acquisitions, adding low decline cash flow and high quality inventory at attractive valuations while maintaining financial strength. With increased scale and operational control, we believe there are significant opportunities to realize meaningful synergies across our broader Eagle Ford footprint,” David Rockecharlie Crescent CEO.

Sources