Crescent Energy Sells DJ Basin Assets for $90 Million
I'm PortAI, I can summarize articles.
Crescent Energy Company has sold its non-operated DJ Basin assets in Weld County, Colorado, for $90 million in cash. This sale is part of Crescent's non-core divestiture program, which has exceeded $900 million in agreements this year. The assets produce about 7,000 barrels of oil equivalent per day. Proceeds from the sale will be used to reduce borrowings on Crescent's revolving credit facility. The company expects to complete the remainder of its non-core asset sales by year-end.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments