---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-034424"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:30:44.183707+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Crescent closes transformative acquisition of SilverBow Resources; issues ~52M shares, $358M cash

## Summary
- Closed all-stock-and-cash merger with SilverBow on July 30, 2024, ahead of schedule.
- Combined company becomes second largest Eagle Ford operator; SilverBow shareholders own ~23% on diluted basis.
- Crescent issued ~52M Class A shares and paid ~$358M cash; borrowing base increased to $2.6B.
- Annual synergy target of $65–$100M; ~$35M captured to date via improved cost of capital.
- Board expanded to 11 directors with appointment of Marc Rowland and Michael Duginski from SilverBow.

## SEC filing metadata
- accession: 0001628280-24-034424
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000162828024034424/0001628280-24-034424-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000162828024034424/crgy-20240729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-034424
- JSON: https://secwatch.observer/filing/0001628280-24-034424.json
- Plain text: https://secwatch.observer/filing/0001628280-24-034424.txt

## Key facts
- Executive change
  Michael Duginski was appointed as Director at Crescent Energy Co.
  - Action: appointed
  - Role: Director
  source text: appointed Marcus C. Rowland and Michael Duginski to the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000162828024034424/0001628280-24-034424-index.htm
- Executive change
  Marcus C. Rowland was appointed as Director at Crescent Energy Co.
  - Action: appointed
  - Role: Director
  source text: appointed Marcus C. Rowland and Michael Duginski to the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000162828024034424/0001628280-24-034424-index.htm
- M&A Transactions
  Crescent Energy Co completed an acquisition involving SilverBow Resources, Inc. for a combination of 1.866 shares of Crescent's Class A common stock and $15.31 in cash, $38.00 in cash, or 3.125 shares of Crescent Class A common stock (closed 2024-07-30).
  - Action: acquisition
  - Counterparty: SilverBow Resources, Inc.
  - Consideration: a combination of 1.866 shares of Crescent's Class A common stock and $15.31 in cash, $38.00 in cash, or 3.125 shares of Crescent Class A common stock
  - Closing: 2024-07-30
  source text: owned subsidiary of SilverBow ) was converted into the right to receive, at the election of the holder thereof, one of the following forms of consideration: (A) a combination of 1.866 shares of Crescent’s Class A common stock, par value $0.0001 per share (the “Crescent Class A Common Stock”) and $15.31 in cash (the “Mixed Election Consideration”), (B) $38.00 in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000162828024034424/0001628280-24-034424-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.