Crescent Pass acquires Eagle Ford, East Texas Cotton Valley assets

Sept. 29, 2021
Crescent Pass Energy LLC, Houston, closed a deal to acquire producing assets in the northern area of the Eagle Ford play from Armor Energy LLC, Tulsa, as well as three bolt-on acquisitions in the Cotton Valley trend in East Texas.

Crescent Pass Energy LLC, Houston, closed a deal to acquire producing assets in the northern area of the Eagle Ford play from Armor Energy LLC, Tulsa, as well as three bolt-on acquisitions in the Cotton Valley trend in East Texas.

The deals increase the corporate footprint to 974 operated wells and net production to about 6,400 boe/d, evenly weighted between oil and natural gas, the company said in a Sept. 28 release. The assets are supported by more than 140,000 net held-by-production acres in various counties across Texas and Louisiana. In 2021 to date, Crescent Pass has deployed about $85 million on acquisitions with remaining equity capital reserved for future opportunities, it said.

The acquisition is the first for the company in the Eagle Ford.

Crescent Pass is a private exploration and production company financially partnered with Talara Capital Management.