(WO) – Crescent Energy has continued to streamline its portfolio with the sale of its non-operated DJ Basin assets for $90 million in cash, marking another step forward in the company’s ongoing non-core divestiture program.
The assets—located largely in Weld County, Colorado—produce roughly 7,000 boed, with oil comprising about 20% of volumes. The transaction, completed with a private buyer, is subject to customary post-closing adjustments.
The sale pushes Crescent’s year-to-date divestiture tally to more than $900 million, following previously announced sales across the Rockies and the Barnett shale. Crescent expects all remaining transactions under the program to close before year-end…