Crescent Energy Co. is expanding its Eagle Ford Shale footprint in South Texas with a $250 million cash acquisition, management said.

The Houston-based independent is purchasing incremental working interest in its operated Western Eagle Ford assets. 

The transaction follows a recent $600 million acquisition of operatorship in the assets that was completed in July. That deal nearly doubled Crescent’s operated Eagle Ford inventory, giving the firm “substantial potential upside from the Austin Chalk and Upper Eagle Ford,” the company said. 

Houston-based Crescent was formed in late 2021 through the merger of Independence Energy LLC and Contango Oil & Gas Co. Crescent operations are focused primarily in the Eagle Ford and the Uinta Basin.

The latest acquisition “is...