Reeves County

Crescent Energy completes sale of non-operated Permian basin assets

April 23, 2025

(World Oil) – Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil). Proceeds from the sale will be used to reduce outstanding borrowings on the

Permian Resources announces divestiture of Midstream gathering systems

December 10, 2024

(Oil & Gas 360) – MIDLAND, Texas – Permian Resources Corporation (NYSE: PR) (“Permian Resources” or the “Company”) today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) for a total cash consideration of $180 million, subject to customary post-closing adjustments.

Crescent Energy completes sale of non-operated Permian basin assets

Permian Resources announces divestiture of Midstream gathering systems

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