Crescent to Sell Rockies Assets to Aethel for $400 Million

Crescent Energy Co., a Texas oil producer backed by KKR & Co., agreed to sell its drilling portfolio in the US Rocky Mountain region to Aethel Energy, according to people...

By David Wethe, David Carnevali, Liana Baker · Bloomberg Markets

Crescent Energy Co., a Texas oil producer backed by KKR & Co., agreed to sell its drilling portfolio in the US Rocky Mountain region to Aethel Energy, according to people familiar with the matter.