Verdun

Crescent Energy Expanding Lower 48 Oil, Gas Portfolio with Uinta Basin Purchase

Crescent Energy Expanding Lower 48 Oil, Gas Portfolio with Uinta Basin Purchase

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…

February 16, 2022