In an interview back in October, Crescent Energy CEO David Rockecharlie quipped, “We feel like we’re the largest company nobody’s ever heard of.” Oh, but we do hear you. Loud and clear. With now a third Eagle Ford acquisition this year, Houston-based Crescent is a growth through acquisition E&P that looks to double the size of its company in the next five years. And it’s off to a rip-roaring start.

Reese Energy Consulting today is following the latest from Crescent Energy, which you might recall in May put a plug in the acrimonious proxy fight between SilverBow Resources and its largest investor, Kimmeridge. In a surprising move, Crescent swept in with the same $2.1 billion offer the PE firm had rescinded after being rebuffed once again by SilverBow. The sweet merger between the two Eagle Ford operators proved transformative for Crescent Energy with a pro forma output of 250 MBOED, and crowning the now-combined company the Eagle Ford’s second-largest operator. At least at that time. M&As have a way of shifting pole positions. But maybe not so fast. Because Crescent is on an Eagle Ford roll.

The company in September announced a second South Texas bolt-on, this one for 5,300 net acres in a $168 million deal with an undisclosed seller. Now comes another this week to further fatten Crescent’s Eagle Ford position with the acquisition of PE-backed Ridgemar Energy. The $905 million deal adds 80,000 net acres across 140 locations and 20 MBOED. Formed in December 2021, and following mergers with Independence Energy LLC and Contango Oil & Gas Co., Crescent Energy left the startup gate with assets in the Eagle Ford, Barnett, Midcontinent, Rockies, and Permian Basin. Two months in, it snapped up Verdun Oil’s Uinta assets for $815 million.