Crescent Energy Receives a Gold Standard Pathway Rating from the United Nations' Oil & Gas Methane Partnership for a Second Consecutive Year
14 12월 2023 - 11:00PM
Business Wire
Crescent Energy Company (NYSE: CRGY) ("Crescent" or the
"Company") today announced that it received the Oil & Gas
Methane Partnership’s (“OGMP 2.0”) Gold Standard pathway rating for
a second consecutive year. The prestigious rating signifies that a
company has a credible multi-year plan to accurately measure its
methane emissions.
OGMP 2.0 is the United Nations Environment Programme’s flagship
oil and gas reporting and mitigation program and the leading
industry standard for methane emissions reporting. The Gold
Standard pathway is the highest reporting level under the
initiative and Crescent is one of only four U.S. based upstream
companies to receive this rating for a second consecutive year.
Crescent CEO David Rockecharlie said, “We are pleased that OGMP
2.0 acknowledges the progress we are making on our climate
initiatives and our commitment to transparent reporting. As one of
the first U.S. onshore energy companies to join OGMP 2.0 in early
2022, we firmly believe that accurate measurement of emissions is
imperative as we seek to most effectively improve our emissions
profile.”
About Crescent Energy
Company
Crescent is a growth-oriented U.S. independent energy company
engaged in the acquisition, development and operation of oil and
natural gas properties. Crescent’s portfolio of low-decline,
cash-flow oriented assets comprises both mid-cycle unconventional
and conventional assets with a long reserve life and deep inventory
of low-risk, high-return development locations in the Eagle Ford
and Uinta basins. Crescent’s leadership is an experienced team of
investment, financial and industry professionals that combines
proven investment and operating expertise. For more than a decade,
Crescent and its predecessors have executed a consistent growth
through acquisition strategy focused on cash flow, risk management
and returns. For additional information, please visit
www.crescentenergyco.com.
Cautionary Statement Regarding
Forward-Looking Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934, as amended.
These statements are based on current expectations. The words and
phrases “should”, “could”, “may”, “will”, “believe”, “plan”,
“intend”, “expect”, “potential”, “possible”, “anticipate”,
“estimate”, “forecast”, “view”, “efforts”, “goal” and similar
expressions identify forward-looking statements and express the
Company’s expectations about future events. All statements, other
than statements of historical facts, included in this communication
that address activities, events or developments that the Company
expects, believes or anticipates will or may occur in the future
are forward-looking statements. Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are
beyond the Company’s control. Such risks and uncertainties include,
but are not limited to, weather, political, economic and market
conditions, including a decline in the price and market demand for
natural gas, natural gas liquids and crude oil, uncertainties
inherent in estimating natural gas and oil reserves and in
projecting future rates of production; our hedging strategy and
results, federal and state regulations and laws, the impact of
pandemics such as COVID-19, actions by the Organization of the
Petroleum Exporting Countries (“OPEC”) and non-OPEC oil-producing
countries, including recent production cuts by OPEC, the impact of
armed conflicts, including in and around Ukraine and Israel, the
impact of disruptions in the banking industry and capital markets,
the timing and success of business development efforts, including
acquisition and disposition opportunities, our reliance on our
external manager, cost inflation and central bank policy changes
associated therewith and other uncertainties. Consequently, actual
future results could differ materially from expectations.
Additional information regarding any forward-looking statements or
risks related to our sustainability commitments and progress can be
found in our Sustainability Report. The Company assumes no duty to
update or revise its respective forward-looking statements based on
new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20231214521612/en/
Emily Newport IR@crescentenergyco.com.
Crescent Energy (NYSE:CRGY)
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