secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001193125-23-014843
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Energy Announces $400M Senior Notes Offering and Preliminary Q4 2022 Production
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- Crescent Energy Finance LLC plans to offer $400M aggregate principal of Senior Notes due 2028 in a private placement.
- Preliminary Q4 2022 production estimate: 137 to 139 thousand barrels of oil equivalent per day (MBoe/d).
- Total proved reserves as of Dec 31, 2022: 572,793 MBoe with PV-10 of $9.6 billion (SEC pricing).
- Proceeds from notes offering will be used to repay a portion of the $559M outstanding under its revolving credit facility.
- Proved reserves are 96% held by production, with average five-year decline rate of approximately 13%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000119312523014843/0001193125-23-014843-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000119312523014843/d452425d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-014843

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