December 5, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Acreage in the Eagle Ford shale basin acquired from Ridgemar Energy (Houston, Texas) for nearly $1 billion could yield as much as 20,000 barrels of oil equivalent production, Crescent Energy (Houston) said.

Crescent signed a definitive agreement to pay more than $900 million for Eagle Ford acreage. The company said it builds on a steady string of acquisitions in the basin over the past 18 months that totaled more than $4 billion.

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