Crescent completed the acquisition of Vital Energy for $3.1bn.

Crescent, an independent energy company, completed the acquisition of Vital Energy, an American company engaged in hydrocarbon exploration, for $3.1bn. “Our combination with Vital Energy significantly enhances Crescent’s free cash flow profile, operational scale and opportunity set. Through disciplined investing and operations, we have nearly tripled the size of our business over the last four years. Today we are focused on efficiently integrating our new assets and personnel, executing on identified synergies and demonstrating the full value proposition of Crescent as a leading mid-cap company,” David Rockecharlie, Crescent CEO.