Crescent Energy Company completed its acquisition of Ridgemar (Eagle Ford) LLC on January 31, 2025, for $830 million in cash and 5,454,546 shares of Class A Common Stock. An additional earn-out of up to $170 million may be paid based on crude oil prices in 2026 and 2027. The company also entered into a Registration Rights Agreement with the seller and amended certain contract and employee-related provisions in the Purchase Agreement. Financial statements and pro forma financial information will be filed within 71 days.