Crescent Energy To Acquire Incremental Working Interest In Its Operated Western Eagle Ford Assets For Total Consideration Of $250M Cash
Portfolio Pulse from Benzinga Newsdesk
Crescent Energy is set to acquire an incremental working interest in its operated Western Eagle Ford assets for a total consideration of $250M in cash. This follows a recent $600M acquisition of operatorship of the same position that closed in July 2023. The transaction is expected to be immediately accretive to operating cash flow, free cash flow, and net asset value.
September 06, 2023 | 8:04 pm
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POSITIVE IMPACT
Crescent Energy's acquisition of additional interest in its Western Eagle Ford assets is expected to be immediately accretive to its operating cash flow, free cash flow, and net asset value.
The acquisition of additional interest in the Western Eagle Ford assets by Crescent Energy is a significant move that is expected to immediately enhance its cash flows and net asset value. This indicates a positive financial outlook for the company, which could potentially lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100