Brief: Crescent Energy Announces Accretive Central Eagle Ford Bolt-On

Crescent Energy

03/12/2024 22:49

Dec 3 (Reuters) - Crescent Energy Co  CRGY.N :
    * CRESCENT ENERGY ANNOUNCES ACCRETIVE CENTRAL EAGLE FORD
BOLT-ON
    * CRESCENT ENERGY CO - TO ACQUIRE EAGLE FORD ASSETS FOR $905
MILLION
    * CRESCENT ENERGY CO - UPFRONT CONSIDERATION OF $905 MILLION
INCLUDES $100 MILLION IN EQUITY AND REMAINDER IN CASH
    * CRESCENT ENERGY CO - DEAL ALSO INCLUDES FUTURE OIL PRICE
CONTINGENT CONSIDERATION OF UP TO $170 MILLION

Source text:  ID:nBwbdVTxZa 
Further company coverage:  CRGY.N 

 ((Reuters.Briefs@thomsonreuters.com;))