Crescent Energy to acquire Eagle Ford assets from Ridgemar Energy for $905m.

Crescent Energy, a differentiated US energy company, agreed to acquire Eagle Ford assets from Ridgemar Energy, a Houston-based upstream company, for $905m. “This transaction continues to highlight our ability to utilize our investing and operating expertise to identify and acquire high-quality assets, efficiently integrate them into our business and drive additional value through improved operations. With accelerated synergies captured from the integration of SilverBow and our recent bolt-on acquisition, our full team is ready and eager to add the Ridgemar assets to our core operating footprint in the Eagle Ford. These assets contribute meaningful scale, enhance Crescent’s cash margins, increase our oil-weighting and extend our low-risk inventory life, all at an attractive and highly accretive valuation. I remain confident in our ability to capitalize on our strong momentum and continue our profitable growth trajectory towards our investment grade ambitions,” David Rockecharlie, Crescent CEO.