Market Chatter: KKR-Backed Crescent Energy Weighs Drilling Asset Sales

MT Newswires Live

May 07, 2025

KKR-backed (KKR) Crescent Energy (CRGY), which explores for oil and natural gas, is weighing sales of some drilling assets to focus on core acreage in the Eagle Ford and Uinta basins, Bloomberg reported Tuesday, citing people familiar with the matter.

The company is working with financial advisers to approach buyers for its holdings in Colorado's Denver-Julesburg Basin and other areas, the report said. The assets may fetch $1 billion, the report said.

Crescent Energy shares fell 4.8% in recent Tuesday trading, and KKR dropped 0.9%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 113.73, Change: -1.06, Percent Change: -0.92

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The assets may fetch $1 billion, the report said.</p><p>Crescent Energy shares fell 4.8% in recent Tuesday trading, and KKR dropped 0.9%.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 113.73, Change: -1.06, Percent Change: -0.92</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KKR","symbol_name":"KKR & Co L.P.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2533636286","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533636286","pubTimestamp":1746555004,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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