Crescent Energy Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering of Crescent Royalties

Crescent Energy Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering of Crescent Royalties

Crescent Energy Company (“Crescent”) announced today that, as permitted under the Jumpstart Our Business Startups Act, it has caused its indirect subsidiary, Crescent Royalty Company (“Crescent Royalties”), to confidentially submit a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) for a proposed initial public offering of Crescent Royalties’ Class A common stock, par value $0.0001 per share (“Class A Common Stock”), to be created and issued in connection therewith. The assets being considered for initial contribution to Crescent Royalties in connection with the proposed initial public offering are mineral and royalty interests in the Eagle Ford, with additional exposure to other premier oil and natural gas basins in the United States, including the Permian, Appalachian and Denver-Julesburg Basins.