Crescent Energy Co. has an agreement with Verdun Oil Co. II LLC to snap up oil-rich assets in the Uinta Basin, formerly held by EP Energy Corp., for $815 million. According to Houston-based Crescent, pro forma oil production nine months following the Uinta acquisition could increase to 134,000-148,000 boe/d from 114,000-124,000 boe/d. The assets, primarily…
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Crescent Energy Commits to ESG Strategy, Reduced Methane Emissions
Crescent Energy Co. announced on Monday it is joining the Oil and Gas Methane Partnership (OGMP) 2.0 to address methane emissions across its Lower 48 assets. By joining the OGMP 2.0, Crescent management said it would adopt a rigorous reporting standard to quantify methane leaks to assist the exploration and production (E&P) firm in creating…
February 15, 2022
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