Crescent Energy (CRGY), which is backed by KKR (KKR), is weighing slimming down its drilling portfolio to focus on its core acreage in the Eagle Ford and Uinta basins, Bloomberg’s David Carnevali reports, citing people familiar with the mater. The oil and gas explorer has tapped financial advisers to find suitors for its holdings in areas such as the Denver-Julesburg Basin in Colorado, the author says, noting that the assets could draw more than $1B.
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