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Released December 05, 2025 | SUGAR LAND
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Written by Will Ploch, Assistant Editor-in-Chief for Industrial Info Resources (Sugar Land, Texas)
Earlier this year, Crescent announced divestitures in the conventional Rockies and Barnett Shale. Following its sale in the DJ Basin, Crescent said it had executed divestiture agreements exceeding $900 million so far this year, the remainder of which are expected to close before year-end. The company has set a $1 billion goal for non-core asset sales in 2025.
"With these asset sales, we are streamlining our portfolio at very attractive value, and the proceeds will go toward maintaining our strong balance sheet through significant debt reduction," said David Rockecharlie, the chief executive officer of Crescent, in a recent quarterly earnings-related conference call. "With our successful divestitures and acquisition of Vital, we have enhanced and simplified Crescent's value proposition with more scale, more focus and more opportunity."
Crescent announced in August it had entered into a definitive agreement to acquire Vital Energy Incorporated (Tulsa, Oklahoma) in a $3.1 billion all-stock transaction. Industrial Info is tracking progress at nine Vital-owned facilities in the Permian Basin of Texas; subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Plant Database can learn more from a detailed list of plant profiles.
"The Vital acquisition is a scaled entry into the Permian Basin and significantly expands Crescent's opportunity for future growth, with more than $60 billion of asset acquisition potential surrounding our pro forma footprint," Rockecharlie said in the earnings call.
By the Numbers
Industrial Info is tracking six of Crescent's ongoing drilling developments in the Eagle Ford Shale of Texas, each of which has separate programs slated to run from February through December in 2026 and 2027. Subscribers to Industrial Info's GMI Oil & Gas Project Database can learn more about the 2026 programs--including capacities, investment values and necessary equipment--from a detailed reports on Crescent's developments in:
"In the Eagle Ford, where our activity was focused this quarter, we have achieved 15% savings per foot on our capital versus last year's program, along with an impressive rate of change on well productivity with our 2024 and 2025 wells outperforming prior activity by 20-plus percent," Rockecharlie said in the earnings call. He later attributed the improvement to "optimizing spacing, increasing completion intensity [and] changing landing zones."
Subscribers can click here for a full list of reports for active and proposed projects from Crescent and can click here for profiles for Crescent's operational plants across the U.S.
Key Takeaways
About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Summary
Crescent Energy is turning its attention to big-name plays like the Permian Basin and Eagle Ford Shale, as the company acquires firms in related areas and trims its less productive, non-core assets.Non-Core is Out the Door
Crescent Energy Company (Houston, Texas), an independent oil and gas exploration and production company, has spent much of 2025 shedding its non-core assets and focusing efforts on its most profitable developments. Earlier this week, the company announced it had closed a sale of its non-operated assets in the Denver-Julesburg (DJ) Basin to an unnamed private buyer for $90 million in cash, which followed other divestitures and a major acquisition in the Permian Basin. Industrial Info is tracking about $1.3 billion worth of active and proposed projects from Crescent, about half of which is attributed to drilling programs set to kick off in early 2026.Earlier this year, Crescent announced divestitures in the conventional Rockies and Barnett Shale. Following its sale in the DJ Basin, Crescent said it had executed divestiture agreements exceeding $900 million so far this year, the remainder of which are expected to close before year-end. The company has set a $1 billion goal for non-core asset sales in 2025.
"With these asset sales, we are streamlining our portfolio at very attractive value, and the proceeds will go toward maintaining our strong balance sheet through significant debt reduction," said David Rockecharlie, the chief executive officer of Crescent, in a recent quarterly earnings-related conference call. "With our successful divestitures and acquisition of Vital, we have enhanced and simplified Crescent's value proposition with more scale, more focus and more opportunity."
Crescent announced in August it had entered into a definitive agreement to acquire Vital Energy Incorporated (Tulsa, Oklahoma) in a $3.1 billion all-stock transaction. Industrial Info is tracking progress at nine Vital-owned facilities in the Permian Basin of Texas; subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Plant Database can learn more from a detailed list of plant profiles.
"The Vital acquisition is a scaled entry into the Permian Basin and significantly expands Crescent's opportunity for future growth, with more than $60 billion of asset acquisition potential surrounding our pro forma footprint," Rockecharlie said in the earnings call.
By the Numbers
- More than $900 million: Value of Crescent's divestiture agreements so far in 2025
- $3.1 billion: Price tag for Crescent's acquisition of Vital Energy
- More than $60 billion: Crescent's projected long-term value of its asset acquisitions in the Permian
Eye-Popping Gains in Eagle Ford
Rockecharlie said the divestitures and Vital acquisition will help to focus Crescent's activity on its existing positions in the Eagle Ford Shale and its high-potential prospects in the Permian and Uinta basins.Industrial Info is tracking six of Crescent's ongoing drilling developments in the Eagle Ford Shale of Texas, each of which has separate programs slated to run from February through December in 2026 and 2027. Subscribers to Industrial Info's GMI Oil & Gas Project Database can learn more about the 2026 programs--including capacities, investment values and necessary equipment--from a detailed reports on Crescent's developments in:
- Webb County, where it plans to drill more than 50 new wells; see project report
- Dimmit County, where it plans to drill more than 16 new wells; see project report
- Frio County, where it plans up to eight new wells; see project report
- Live Oak County, where it plans up to six new wells; see project report
- Atascosa County, where it plans up to six new wells; see project report
- La Salle County, where it plans up to five new wells; see project report
"In the Eagle Ford, where our activity was focused this quarter, we have achieved 15% savings per foot on our capital versus last year's program, along with an impressive rate of change on well productivity with our 2024 and 2025 wells outperforming prior activity by 20-plus percent," Rockecharlie said in the earnings call. He later attributed the improvement to "optimizing spacing, increasing completion intensity [and] changing landing zones."
Subscribers can click here for a full list of reports for active and proposed projects from Crescent and can click here for profiles for Crescent's operational plants across the U.S.
Key Takeaways
- Crescent is shifting its focus to the Eagle Ford Shale and Permian and Uinta basins.
- The company is in the process of selling off its non-core assets in the conventional Rockies, Barnett Shale and DJ Basin.
- Crescent has reported stronger-than-expected activity in the Eagle Ford Shale over the past two years.
About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
