Crescent Energy
- Company typePublic
- Founded2021
- HeadquartersHouston, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
Crescent Energy firmographics
Firmographics- Name
- Crescent Energy
- Legal name
- Crescent Energy Company
- Website
- https://crescentenergyco.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Where Crescent Energy is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Crescent Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Oil and Gas Production Sales: Crescent Energy generates revenue primarily through the sale of crude oil, natural gas, and natural gas liquids produced from its operated assets in the Eagle Ford, Permian, and Uinta basins. Revenue is commodity price-exposed with production volumes from long-life, low-decline assets providing stable cash flow.
- Crescent Royalties Minerals: The company owns minerals and royalty interests across premier U.S. oil and natural gas basins, generating approximately $180 million in annual revenue from royalty payments on production operated by blue-chip companies.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Crescent Energy product offering
Product offeringCore offering
Crescent Energy is an oil and gas exploration and production company that acquires, operates, and develops long-life hydrocarbon assets across the Eagle Ford, Permian, and Uinta basins. The company produces and sells crude oil, natural gas, and natural gas liquids to downstream buyers (refineries, marketers, traders), and separately operates a minerals and royalty interests platform called Crescent Royalties. Revenue is generated through commodity sales of produced hydrocarbons and from royalty payments on third-party-operated production.
Product overview
Crescent Energy is a differentiated energy company that operates as a single unified business focused on oil and gas exploration and production through acquisition. The company combines two main product/service offerings: (1) its core oil and gas exploration and production operations across the Eagle Ford, Permian, and Uinta basins, with approximately 328 Mboe/d production capacity and ~976 MMboe of proved reserves, and (2) its Crescent Royalties minerals platform, which owns mineral and royalty interests across premier U.S. basins, generating approximately $180 million in annual revenue with no capital requirements. The company executes a disciplined, returns-driven growth through acquisition strategy, buying assets and improving them through integration expertise and synergy capture.
Differentiator
Problem solved
Functional benefit
Brands
- Crescent Royalties: Minerals and royalty interests platform across premier U.S. oil and natural gas basins, with core concentration in the Eagle Ford, generating substantial free cash flow and providing exposure to organic production growth without future capital requirements.
Products and services
- Oil and Gas Exploration & Production Core upstream business of exploring for and producing crude oil, natural gas, and natural gas liquids across three premier U.S. basins: Eagle Ford (top-3 producer), Permian (Midland and Delaware), and Uinta (top-3 public producer). Includes ~328 Mboe/d 2026E production, ~976 MMboe proved reserves, and discipline-driven capital allocation targeting 2.0x returns per dollar invested. Sold to downstream refineries, natural gas processors, pipeline companies, and energy traders.
- Crescent Royalties Minerals and royalty interests platform that owns mineral rights across premier U.S. oil and natural gas basins with core concentration in the Eagle Ford. Operated by blue-chip companies, providing exposure to organic production growth without future capital requirements. Approximately 122k net royalty acres producing 12 Mboe/d. Generates approximately $180 million in annual revenue from royalty payments.
Quantifiable outcome
- Record Q1 2026 production of 341 Mboe/d with $192M levered free cash flow
- +4 more outcomes
Companies that use Crescent Energy
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Crescent Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
Crescent Energy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship.
- Vital Energy, Inc.flagshipCrescent Energy completed acquisition of Vital Energy in an all-stock transaction valued at approximately $3.1 billion ($760 million equity value). The merger positioned Crescent as a top-10 liquids-weighted independent U.S. producer with expanded Permian presence.
- SilverBow ResourcesflagshipCrescent Energy acquired SilverBow Resources for $2.1 billion in a deal creating the second-largest operator in the Eagle Ford with a balanced portfolio of low-decline, long-life assets and substantial free cash flow.
Scale indicators13 records
Recent moves7 records
Expansion highlights5 records
Crescent Energy competitors and assessment
Company assessmentDirect peers
- EOG Resources: One of the largest U.S. independent E&P companies with multi-basin operations and a strong focus on premium drilling inventory and shareholder returns. Direct peer in scale, capital allocation philosophy, and target basins (Eagle Ford, Permian).
- Devon Energy: Large U.S. independent producer with material positions in the Permian, Eagle Ford, Anadarko, and Powder River basins. Comparable in multi-basin strategy, scale, dividend/buyback capital return program, and acquisition-led growth approach.
- Diamondback Energy: Permian-focused U.S. independent with significant Midland and Delaware Basin operations and a disciplined returns-driven capital allocation strategy. Comparable in operational focus, FCF prioritization, and consolidation-oriented M&A track record.
- Ovintiv: Multi-basin U.S. independent producer with operations in the Permian, Eagle Ford, Bakken, and Montney. Closely comparable to Crescent in basin diversification, liquids-weighted production mix, and emphasis on free cash flow generation.
- Permian Resources: Pure-play Permian Basin independent formed through the merger of Centennial Resource Development and Colgate Energy. Direct peer in Delaware Basin focus, scale, and acquisition-driven consolidation model similar to Crescent's playbook.
- Matador Resources: Permian-focused independent E&P with operations in the Delaware Basin and complementary assets in the Eagle Ford and Cotton Valley. Comparable in basin overlap, returns-focused strategy, and mid-cap scale similar to Crescent pre-Vital Energy.
- Civitas Resources: Rocky Mountain-focused independent formed through the merger of Bonanza Creek and Extraction Oil & Gas. Comparable as a U.S. independent with multi-basin exposure (DJ Basin, Permian, Uinta-related assets) and a focus on capital returns.
- Range Resources: Appalachia-focused independent with significant Marcellus Shale natural gas operations. Comparable as a U.S. independent E&P with a multi-year track record of disciplined capital allocation, dividends, and operational focus on a specific premier basin.
- Murphy Oil: Independent E&P with U.S. onshore operations in the Eagle Ford and Permian alongside international assets. Comparable as a liquids-weighted U.S. independent with multi-basin exposure and a similar mid-cap scale.
- Northern Oil and Gas: Non-operated U.S. shale mineral and royalty interests company with positions across the Williston, Permian, and Appalachian basins. Closely comparable to Crescent's Crescent Royalties subsidiary as a pure-play mineral and royalty platform generating capital-light revenue.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights1 record
Customer concentration
Crescent Energy social profiles
Digital presenceCrescent Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Crescent Energy leadership team
Management profileNumber of profiles
Profiles6 records
Crescent Energy subsidiaries and ownership
Company hierarchySubsidiaries4 records
Crescent Energy funding detail
Funding detailFunding overview
Funding rounds12 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Crescent Energy M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Crescent Energy
What does Crescent Energy do?
Crescent Energy is an oil and gas exploration and production company that acquires, operates, and develops long-life hydrocarbon assets across the Eagle Ford, Permian, and Uinta basins. The company produces and sells crude oil, natural gas, and natural gas liquids to downstream buyers (refineries, marketers, traders), and separately operates a minerals and royalty interests platform called Crescent Royalties. Revenue is generated through commodity sales of produced hydrocarbons and from royalty payments on third-party-operated production.
Is Crescent Energy a public or private company?
Crescent Energy is a public company. It is classified as public and is currently operating.
When was Crescent Energy founded?
Crescent Energy was founded in 2021. It employs 501 to 1,000 people.
Where is Crescent Energy based?
Crescent Energy is headquartered in Houston, United States, in the North America region.
How does Crescent Energy make money?
Two revenue lines are on record. Oil and Gas Production Sales are the primary driver. The others are crescent Royalties Minerals.
Who are Crescent Energy's main competitors?
Direct peers on record are EOG Resources, Devon Energy, Diamondback Energy, Ovintiv, Permian Resources, Matador Resources, Civitas Resources, Range Resources, Murphy Oil and Northern Oil and Gas.
Does Crescent Energy have an API?
No public API is recorded for Crescent Energy.