Crescent Energy completed the acquisition of Eagle Ford assets from Ridgemar Energy for $905m.

Crescent Energy, a differentiated US energy company, completed the acquisition of Eagle Ford assets from Ridgemar Energy, a Houston-based upstream company, for $905m. "We are pleased to complete this accretive acquisition, which further scales our core Eagle Ford position as we also welcome many talented new members to the Crescent Energy team. This acquisition demonstrates our disciplined approach to creating shareholder value by combining our investing and operational expertise to acquire and efficiently integrate high-quality assets while maintaining a strong financial profile. These assets enhance our oil-weighted production and extend our low-risk inventory, reinforcing our ability to deliver sustained cash flow and returns. We remain focused on executing our strategy of profitable growth and advancing our investment-grade ambitions," David Rockecharlie, Crescent CEO.