Crescent Energy

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

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. 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.
2. 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

Core 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

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Two partnerships are on record, tiered flagship.

• Vital Energy, Inc.flagshipStrategic or Co-development Partner · 15 December 2025Crescent 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 ResourcesflagshipStrategic or Co-development Partner · 16 May 2024Crescent 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

Direct 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

• Xx.com/crescent_energy
• LinkedInlinkedin.com/company/crescent-energy-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds12 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Crescent Energy