Independence Energy and Contango Merge to Form Crescent Energy Company

December 7, 2021

Independence Energy LLC and Contango Oil & Gas Company completed a combination to form Crescent Energy Company, a diversified U.S. energy company managed by KKR's Energy Real Assets team. Contango shareholders received 0.2000 shares of Crescent Class A common stock for each Contango share, and the combined company is positioned to pursue a consolidation strategy across Lower 48 basins.

Buyers
Crescent Energy Company, KKR (KKR Energy Real Assets)
Targets
Contango Oil & Gas Company, Independence Energy LLC
Sellers
Contango Oil & Gas Company shareholders
Industry
Energy
Location
Texas, United States
Transaction Type
Buyout

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