What Crescent Pass Energy does

Crescent Pass Energy, Inc. is a privately held, Houston-based oil and gas exploration and production company founded in 2018 that acquires, operates, and enhances producing oil and gas properties across the Lower 48 United States. The company's stated strategy is to focus exclusively on proven developed producing (PDP) assets using a data-driven, systematic evaluation process, with institutional capital provided by Talara Capital Management under a $75 million commitment dated January 2019. Its product offering is organized around three integrated functions: property acquisition (sourcing and transacting on PDP assets), property operations and optimization (production optimization, reservoir engineering, and land management), and land/owner relations services (royalty payments, direct deposit setup, affidavit of heirship processing, and W-9 administration for mineral rights owners).

Crescent Pass generates revenue through the production and sale of hydrocarbons from its operated PDP asset base, supplemented by owner-relations and administrative services tied to those assets. Pricing is quote-based and not publicly disclosed, consistent with negotiated B2B property transactions rather than a standardized rate card. The company serves mineral rights owners, royalty interest holders, and producing-property sellers across the Lower 48, with a documented active engagement around the Diversified Energy Company divestiture spanning 17 Texas counties (Angelina, Cherokee, Freestone, Gregg, Harrison, Henderson, Houston, Leon, Limestone, Marion, Nacogdoches, Navarro, Panola, Robertson, Rusk, Shelby, and Upshur).

The company is led by CEO Tyler Fenley (formerly VP of Engineering at Axiom Resource Partners and Engineering Manager at Wildhorse Resources I, where he oversaw integration on seven acquisitions valued at over $700 million with $100M+ annual capex) alongside SVP of Land & Regulatory Affairs Marcus Spillson, SVP of Business Development Jake Stroud, VP of Accounting & Controller Adam Basile, and Controller Shawn McWilliams (promoted from assistant controller in November 2023). Operations are supported by a corporate headquarters at 9720 Cypresswood Dr., Suite 400 in Houston, Texas, and a field office at 8461 North Hwy 77 in Lexington, Texas. Headcount is reported at 11–50 employees, consistent with a sub-scale, sponsor-backed E&P platform rather than a large independent producer.

Name

Crescent Pass Energy

Legal name

Crescent Pass Energy, Inc.

Website

https://crescentpass.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Crescent Pass Energy is a privately held Houston-based oil and gas E&P company founded in 2018 that acquires, operates, and optimizes proven developed producing (PDP) properties across the Lower 48 United States using institutional capital and a data-driven evaluation process.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration & Production

NAICS

Geophysical Surveying and Mapping Services (541360)

SIC

Oil & Gas Field Exploration Services (1382), Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Vegetation & Right-of-Way (ROW) Asset Management (EUAEAMAJ)

Keywords

• Oil and gas exploration
• Property acquisition
• Production optimization
• Reservoir engineering
• Land management

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, Personnel, Supply Chain, Technology or R&D, Infrastructure

Revenue model

1. Oil and Gas Production: The company generates revenue through the acquisition, operation, and optimization of producing oil and gas properties across the Lower 48 states, with focus on PDP (Proven Developed Producing) assets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Crescent Pass Energy is an oil and gas E&P company that acquires, operates, and enhances producing oil and gas properties across the Lower 48 United States, with capital and expertise focused exclusively on proven developed producing (PDP) assets. The company applies a data-driven, systematic process and a cross-disciplinary team covering production optimization, reservoir engineering, land management, and asset sourcing to identify, evaluate, and close acquisitions, while supporting mineral and royalty owners with administrative services such as direct deposit, change of address, and tax form processing.

Product overview

Crescent Pass Energy is an oil and gas E&P company that operates as a single unified business focused on acquiring, operating, and enhancing producing properties across the Lower 48. The company offers three integrated service areas: Property Acquisition (buying proven developed producing assets), Property Operations & Optimization (managing assets using production optimization and reservoir engineering), and Land & Owner Relations Services (supporting royalty owners with administrative tasks like direct deposit, address changes, and tax forms). The company employs a data-driven, systematic approach leveraging technology for evaluation and transaction processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil & Gas Property Acquisition Acquisition service that identifies, evaluates, and purchases producing oil and gas properties across the Lower 48 United States, with capital and expertise focused exclusively on proven developed producing (PDP) assets for enterprise property owners and operators.
• Property Operations & Optimization Operations and production optimization service for acquired PDP oil and gas properties, applying production optimization, reservoir engineering, land management, and data-driven systematic processes to drive efficiencies and unlock value from existing wells.
• Land & Owner Relations Services Administrative service for mineral and royalty owners affected by Crescent Pass acquisitions or third-party divestitures, supporting direct deposit setup, change of address, affidavit of heirship, and W-9 form processing.

Quantifiable outcome

• Seven acquisitions valued at over $700 million managed with over $100 million annual capex

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Sitio Royalties Corp. Sitio Royalties is a minerals and royalties company formed through the merger of Sitio Minerals and Brigham Minerals, focused on acquiring PDP mineral and royalty interests in the Permian and other Lower 48 basins. It represents the publicly traded analog of Crescent Pass's PDP acquisition strategy at significantly larger scale.
• Wildhorse Resource Development (formerly Wildhorse Resources I): Wildhorse Resources I is the prior employer of Crescent Pass CEO Tyler Fenley (Engineering Manager 2010-2015) and SVP Marcus Spillson (Land Manager 2010-2015), and managed seven acquisitions valued over $700M. It is essentially the template Crescent Pass is replicating and the most direct operational and strategic comparable.
• Axiom Resource Partners: Axiom Resource Partners is a royalty-acquisition company focused on the Permian and Ark-La-Tex where Crescent Pass's CEO (Tyler Fenley) and SVP (Jake Stroud) previously worked. It shares the Lower 48 acquisition focus, data-driven screening approach, and the same talent network, and even built Crescent Pass's website.
• Northern Oil and Gas: Northern Oil and Gas acquires non-operated working interests in U.S. shale plays, with a heavy Lower 48 weighting. It is comparable in acquisition-driven growth model, PDP weighting, and reliance on institutional capital, although Northern is materially larger and publicly traded.
• Viper Energy Partners: Viper Energy Partners is a mineral and royalty acquisition company focused on the Permian Basin with a similar thesis of consolidating fragmented mineral rights. While Viper is publicly traded and larger, its core activity of aggregating PDP-style mineral assets in the Lower 48 makes it a close operating comparable.
• Diversified Energy Company: Diversified Energy is the largest PDP-focused natural gas consolidator in the Lower 48 with a deliberate asset-acquisition model across Appalachia, the Barnett, and Texas. Crescent Pass's acquisition footprint (including properties divested by Diversified in 17 Texas counties) is directly comparable and represents the same consolidation thesis at smaller scale.
• Castelli Oil Company: Crescent Pass SVP Jake Stroud served as CFO of Castell Oil Company. While Castell operates across production and trading, its diversified E&P and midstream activity in the Lower 48 provides a directly relevant peer set given the executive overlap and shared acquisition playbook.
• Kimbell Royalty Partners: Kimbell Royalty Partners acquires mineral and royalty interests across major U.S. basins, providing cash flow from producing properties without drilling risk. It is directly comparable to Crescent Pass's PDP-focused acquisition model, though Kimbell is a publicly traded LP.
• Black Stone Minerals: Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the U.S., with a portfolio concentrated in Texas, Louisiana, and the Permian. It is comparable as a Lower 48 mineral/producing-asset aggregator with a long-dated PDP cash-flow orientation.

Regional players

• Texas Mineral Resources: Texas Mineral Resources targets royalty and mineral interests specifically in Texas. It is a regional comparable given Crescent Pass's geographic concentration in Texas counties, though it is smaller and more narrowly focused on rare earth / non-PDP assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/crescentpass

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Crescent Pass Energy