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Crescent Energy Acquires Eagle Ford Assets from Ridgemar Energy for Up to $1.075 Billion

Crescent Energy Company Ridgemar Energy, LLC
AnnouncedDec 5, 2024
TypeAsset
LocationEagle Ford Shale
Announced Date
December 05,2024
Effective Date
October 01,2024
Close Date
January 31,2025
Transaction Type
Asset
Enterprise Value (EV)($MM)
905




Snapshot
Asset/Basin:
["Eagle Ford"]
TargetZones:
["Eagle Ford"]
Net Acres
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Net Operated Locations:
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PDP PV-10 ($MM)
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Location
Region
Gulf Coast - South Texas

Country
United States

State
Texas

County
Frio ,Atascosa ,La Salle ,MCMullen

Play
Eagle Ford Shale


Production
Production
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Production Mix
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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$/Location
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$/EBITDA
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Residual Metrics
Residual Value
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Transaction Details:  Require Private Equity Subscription

Crescent Energy has announced a $905 million acquisition of Eagle Ford assets from Ridgemar Energy, with an additional contingent payment of up to $170 million tied to oil prices through 2027. The deal directly offsets Crescent’s core Central Eagle Ford footprint and adds ~20 Mboe/d of high-margin, 85% liquids production across ~80,000 net acres. With ~140 economic drilling locations and 97% of the acreage already held by production, the assets enhance Crescent’s inventory depth and operational scale.

prooduction : 20 mboe/d 90% liquids

PDP Pv-10 : $900 million.

140 gross locations

100 net…


Source : Require Private Equity Subscription

Gulf Coast - South Texas Deal Activity In Last 12 Months


Other Gulf Coast - South Texas Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Feb-18-2026 - - Click here Texas  E&P
Jan-08-2026 - - Click here Texas  E&P
May-16-2024 - - Click here Texas  E&P
Nov-03-2022 - - Click here Texas  E&P
Jul-09-2021 - - Click here Texas  E&P

Price History


Date Deal Headline Price$/acre
Feb-18-2026 SM Energy Sells Eagle Ford Asset for $950 Million - -
Nov-12-2025 Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture - -
Nov-03-2025 Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM - -