Complementary Central Eagle Ford Bolt-On September 2024
Growth Through Accretive M&A: Central Eagle Ford Bolt-On Offset Acquisition Adds Low-Decline Oil Production, High-Return Inventory and Enhances Flexibility from Minerals, Midstream and Surface Ownership 168 MM purchase price - 100%…
Logical Offset Acquisition with Compelling Strategic Rationale Strong Investment Returns & Expect 2.0x+ cash-on-cash acquisition returns Accretive to Key Financial Metrics Accretive to NAVPS, 5yr CFPS and 5yr FCFPS Seamless…
High-Quality Inventory That Immediately Competes for Capital Well Understood, Near-Term Development Directly Offset Strong CRGY Results Pro Forma Central Eagle Ford Position High-Return, Oil-Weighted Inventory Frio Atascosa…
Acquired Minerals Enhance Crescent Portfolio Adding 5,300 Net Royalty Acres and Substantial Surface Ownership in Core Focus Area Minerals Cash Flow (1) Other Focused Minerals Portfolio: 13% Eagle Ford Enhances existing Eagle…
Continued Expansion of Leading Eagle Ford Position Crescent is One of the Largest Operators in the Eagle Ford Alongside EOG and ConocoPhillips Leading Eagle Ford Position Eagle Ford Operating Scale(1) (Gross Operated Production -…
Hedge Position: Liquids Remaining 2024 FY 2025(1) FY 2026(2) NYMEX WTI (Bbls, /Bbl) Swaps Total Volumes 4,453,540 6,441,500 2,476,050 Total Daily Volumes 36,504 17,648 6,784 WA Swap Price 71.75 72.68 70.82 Collars Total Volumes…
Hedge Position: Gas Remaining 2024 FY 2025 FY 2026 NYMEX Henry Hub (MMBtu, /MMBtu) Swaps Total Volumes 35,037,250 55,205,000 41,745,000 Total Daily Volumes 287,191 151,247 114,370 WA Swap Price 3.86 3.97 3.98 Collars Total…
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