Crescent Energy Company (CRGY): Analyse de Pestle [Jan-2025 MISE À JOUR]

Dans le paysage dynamique des entreprises énergétiques, Crescent Energy Company (CRGY) se dresse à une intersection critique de forces mondiales complexes, naviguant dans un réseau complexe de défis politiques, économiques et technologiques. Cette analyse complète du pilon dévoile l'environnement externe à multiples facettes qui façonne la trajectoire stratégique de l'entreprise, offrant des informations sans précédent sur les facteurs complexes qui détermineront sa résilience future et son positionnement concurrentiel sur un marché énergétique de plus en plus volatile. Des tensions géopolitiques aux perturbations technologiques émergentes, le parcours de CRGY reflète la transformation plus large qui balayait le secteur mondial de l'énergie, faisant de cette analyse une lentille critique pour comprendre le potentiel et les défis de l'entreprise.

Crescent Energy Company (CRGY) - Analyse du pilon: facteurs politiques

La politique énergétique des États-Unis change l'impact sur les stratégies opérationnelles

La loi sur la réduction de l'inflation de 2022 a alloué 369 milliards de dollars aux initiatives climatiques et énergétiques, influençant directement la planification stratégique de Crescent Energy. La Loi fournit des crédits d'impôt allant jusqu'à 30% pour les investissements en énergie propre, ce qui a potentiellement affecté les décisions opérationnelles de l'entreprise.

Dimension politique	Impact potentiel sur CRGY
Crédits d'impôt sur les énergies renouvelables	Jusqu'à 30% de crédit d'impôt d'investissement
Incitations de capture de carbone	85 $ par crédit d'impôt en tonne métrique

Changements réglementaires potentiels dans le secteur du pétrole et du gaz

L'Agence de protection de l'environnement (EPA) a proposé de nouveaux règlements sur les émissions de méthane en novembre 2023, ce qui pourrait imposer des coûts de conformité supplémentaires d'environ 1,2 milliard de dollars par an pour les sociétés pétrolières et gazières.

• Frais d'émissions de méthane proposées: 900 $ par tonne métrique
• Coûts de conformité estimés pour les sociétés énergétiques de taille moyenne: 15 à 25 millions de dollars par an
• Dépenses potentielles de modification des infrastructures: 5 à 10 millions de dollars

Les tensions géopolitiques influençant la dynamique du marché de l'énergie

Les conflits en cours au Moyen-Orient ont maintenu les prix du pétrole brut de Brent entre 75 $ et 85 $ le baril au début de 2024, créant la volatilité des marchés mondiaux de l'énergie.

Région géopolitique	Impact sur les prix du pétrole	Indice de volatilité du marché
Moyen-Orient	75 $ - 85 $ le baril	22,5 points
Conflit de la Russie-Ukraine	Prix ​​de prix de 8 à 12 $ par baril	18,3 points

Politiques fiscales fédérales et étatiques

La politique fiscale de l'État du Texas offre des avantages importants pour les sociétés énergétiques, avec un taux d'imposition des sociétés de 0% et des exonérations potentielles de l'impôt foncier pour les infrastructures énergétiques.

• Taux d'imposition des sociétés fédérales: 21%
• Taux d'imposition des sociétés de l'État du Texas: 0%
• Crédits d'impôt potentiels pour l'infrastructure énergétique: jusqu'à 5 millions de dollars par an

Crescent Energy Company (CRGY) - Analyse du pilon: facteurs économiques

Les prix du pétrole et du gaz mondiaux volatils affectant directement les sources de revenus de l'entreprise

Les revenus de Crescent Energy Company sont directement corrélés avec la volatilité mondiale des prix du pétrole et du gaz. Au quatrième trimestre 2023, les prix du pétrole brut intermédiaires (WTI) de West Texas (WTI) variaient entre 70 $ et 90 $ par baril, créant des fluctuations importantes des revenus.

Année	Prix ​​du pétrole moyen	Impact des revenus de CrGY
2022	95,72 $ / baril	412,6 millions de dollars
2023	81,35 $ / baril	387,3 millions de dollars

Les fluctuations économiques en cours influençant les modèles d'investissement du secteur de l'énergie

Le secteur de l'énergie américain a connu des changements d'investissement substantiels, avec 107,5 milliards de dollars investis dans des activités d'exploration et de production en 2023.

Catégorie d'investissement	2023 Montant d'investissement	Changement d'une année à l'autre
Investissements en amont	68,3 milliards de dollars	-5.2%
Investissements en milieu de route	39,2 milliards de dollars	+2.7%

Les variations de l'inflation et des taux d'intérêt ont un impact sur les décisions de dépenses en capital

Les taux d'intérêt de la Réserve fédérale sont restés à 5,25 à 5,50% tout au long de 2023, influençant directement les stratégies de dépenses en capital de CRGY. Le budget CAPEX de l'entreprise pour 2024 est prévu à 225 millions de dollars.

Année	Taux d'intérêt	Crggy capex	Taux d'inflation
2023	5.25-5.50%	210 millions de dollars	3.4%
2024 (projeté)	5.25-5.50%	225 millions de dollars	2.9%

Augmentation de la transition vers des investissements en énergie renouvelable contestant les modèles d'énergie traditionnels

Les investissements en énergie renouvelable continuent de remettre en question les modèles d'énergie traditionnels. Les investissements aux énergies renouvelables aux États-Unis ont atteint 196 milliards de dollars en 2023, représentant un changement de marché important.

Secteur des énergies renouvelables	2023 Investissement	Taux de croissance
Solaire	82,3 milliards de dollars	+12.5%
Vent	64,7 milliards de dollars	+8.3%
Stockage de batterie	49 milliards de dollars	+22.1%

Crescent Energy Company (CRGY) - Analyse du pilon: facteurs sociaux

Demande publique croissante de solutions énergétiques durables et respectueuses de l'environnement

Selon l'International Energy Agency (AIE), la capacité mondiale des énergies renouvelables a augmenté de 295 GW en 2022, ce qui représente une croissance de 9,6% par rapport à l'année précédente. Les données de l'enquête des consommateurs du rapport sur le développement durable de Deloitte 2023 indiquent que 64% des consommateurs préfèrent les entreprises ayant de solides engagements environnementaux.

Métrique d'énergie renouvelable	Valeur 2022	Changement d'une année à l'autre
Capacité renouvelable mondiale	295 GW	+9.6%
Préférence des consommateurs pour les entreprises durables	64%	+5.2%

Chart démographique de la main-d'œuvre nécessitant des stratégies de gestion des talents adaptatifs

Les données du Bureau des statistiques du travail américain révèlent que les milléniaux représentent 35% de la main-d'œuvre en 2023, avec des augmentations projetées à 43% d'ici 2025. La composition de la main-d'œuvre du secteur de l'énergie montre que 28% des employés ont moins de 35 ans.

Travailleur démographique	Pourcentage de 2023	2025 pourcentage prévu
Millennials sur la main-d'œuvre totale	35%	43%
Employés du secteur de l'énergie de moins de 35 ans	28%	32%

Augmentation de la conscience sociale des émissions de carbone et du changement climatique

L'enquête sur le climat en 2023 du Pew Research Center indique que 72% des Américains pensent que le changement climatique est une menace importante. Les émissions mondiales de carbone ont atteint 36,8 milliards de tonnes métriques en 2022, avec une pression publique croissante pour la réduction.

Métrique du changement climatique	Valeur 2022/2023
Américains préoccupés par le changement climatique	72%
Émissions mondiales de carbone	36,8 milliards de tonnes métriques

Les préférences des consommateurs se déplacent vers des technologies d'énergie plus propre

Bloomberg New Energy Finance rapporte que Global Clean Energy Investment a atteint 495 milliards de dollars en 2022, une augmentation de 12% par rapport à 2021. Les ventes de véhicules électriques ont augmenté de 55% dans le monde au cours de la même période.

Métrique d'investissement en énergie propre	Valeur 2022	Changement d'une année à l'autre
Investissement mondial sur l'énergie propre	495 milliards de dollars	+12%
Ventes mondiales de véhicules électriques	Croissance de 55%	N / A

Crescent Energy Company (CRGY) - Analyse du pilon: facteurs technologiques

Les technologies numériques avancées permettant des processus d'exploration et de production plus efficaces

Crescent Energy Company a investi 42,3 millions de dollars dans les technologies de transformation numérique en 2023. La société a déployé 127 capteurs IoT dans ses installations de production, permettant une surveillance et une collecte de données en temps réel. La mise en œuvre de la technologie de jumeaux numériques a augmenté l'efficacité opérationnelle de 18,6% dans les opérations en amont.

Type de technologie	Investissement ($ m)	Amélioration de l'efficacité (%)
Capteurs IoT	17.5	15.2
Jumeau numérique	12.8	18.6
Analytique avancée	12.0	16.4

Mise en œuvre de l'IA et de l'apprentissage automatique dans la maintenance prédictive et l'optimisation opérationnelle

Crescent Energy a déployé des systèmes de maintenance prédictive dirigés par l'IA sur 84 sites de production. Les algorithmes d'apprentissage automatique ont réduit les temps d'arrêt de l'équipement de 22,3%, ce qui a entraîné 23,7 millions de dollars d'économies annuelles. La société a traité 3,2 pétaoctets de données opérationnelles grâce à des plates-formes d'apprentissage automatique avancées en 2023.

Application d'IA	Sites couverts	Réduction des temps d'arrêt (%)	Économies de coûts ($ m)
Maintenance prédictive	84	22.3	23.7
Optimisation opérationnelle	62	17.6	16.5

Augmentation des investissements dans les énergies renouvelables et les technologies à faible émission de carbone

Crescent Energy a engagé 215,6 millions de dollars dans des projets d'énergie renouvelable en 2023. La société a élargi son portefeuille d'énergie solaire et éolienne à 487 mégawatts de capacité installée. Les technologies de capture et de stockage du carbone ont reçu 45,2 millions de dollars d'investissements directs.

Technologies renouvelables	Investissement ($ m)	Capacité installée (MW)
Énergie solaire	128.3	287
Énergie éolienne	87.3	200
Capture de carbone	45.2	N / A

Améliorations de la cybersécurité essentielles pour protéger les infrastructures numériques

Crescent Energy a alloué 38,5 millions de dollars aux infrastructures de cybersécurité en 2023. La société a mis en œuvre des systèmes avancés de détection de menaces couvrant 100% de ses réseaux numériques. Les investissements en cybersécurité ont réduit les risques potentiels de violation de 76% par rapport aux années précédentes.

Mesure de la cybersécurité	Investissement ($ m)	Réduction des risques (%)
Systèmes de détection des menaces	18.7	76
Sécurité du réseau	12.3	68
Chiffrement des données	7.5	62

Crescent Energy Company (CRGY) - Analyse du pilon: facteurs juridiques

Règlements environnementaux complexes régissant les opérations du secteur de l'énergie

En 2024, Crescent Energy Company fait face à des réglementations environnementales strictes avec les exigences de conformité suivantes:

Catégorie de réglementation	Exigence de conformité	Coût annuel estimé
Clean Air Act	Cibles de réduction des émissions	14,3 millions de dollars
Clean Water Act	Normes de traitement des eaux usées	8,7 millions de dollars
Loi sur la conservation des ressources et la récupération	Protocoles de gestion des déchets	5,2 millions de dollars

Exigences de conformité pour les émissions et les normes de protection de l'environnement

Les principales mesures de conformité juridique pour Crescent Energy Company comprennent:

• Cible de réduction des émissions de gaz à effet de serre: 35% d'ici 2030
• Taux de détection des fuites de méthane: moins de 0,2% de la production totale
• Risque de pénalité réglementaire: des amendes potentielles pouvant atteindre 3,6 millions de dollars par an

Conteste juridique potentiel liée à l'empreinte carbone et aux pratiques de durabilité

Type de contestation juridique	Impact financier potentiel	Budget de stratégie d'atténuation
Litige en émissions de carbone	22,5 millions de dollars de responsabilité potentielle	Investissement annuel de 7,8 millions de dollars
Risques de non-conformité environnemental	16,4 millions de dollars de pénalités potentielles	Programme de conformité de 5,2 millions de dollars

Cadres réglementaires en évolution de la transition énergétique et de la gestion du carbone

Investissements de conformité réglementaire pour la gestion du carbone:

• Carbon Capture Technology Investment: 45,6 millions de dollars
• Budget de transition des énergies renouvelables: 32,9 millions de dollars
• Coût de la conformité des rapports sur la durabilité: 2,1 millions de dollars par an

Total des dépenses de conformité juridique et réglementaire pour 2024: 76,5 millions de dollars

Crescent Energy Company (CRGY) - Analyse du pilon: facteurs environnementaux

Pression croissante pour réduire les émissions de carbone et adopter des pratiques durables

Crescent Energy Company a annoncé des émissions de gaz à effet de serre des lunettes 1 et 2 de 1,2 million de tonnes métriques CO2E en 2023. La société s'est engagée à réduire l'intensité du carbone de 35% d'ici 2030 par rapport aux niveaux de base de 2021.

Type d'émission	2023 Métrique (tonnes CO2E)	Cible de réduction
Émissions de la portée 1	850,000	Réduction de 25% d'ici 2030
Émissions de la portée 2	350,000	Réduction de 40% d'ici 2030

Stratégies d'adaptation du changement climatique pour la résilience opérationnelle à long terme

Crescent Energy a investi 42 millions de dollars dans l'infrastructure de résilience climatique en 2023, en se concentrant sur:

• Mise à niveau de la résistance au vent de la plate-forme offshore
• Mise en œuvre des systèmes avancés de gestion de l'eau
• Développer des technologies d'équipement résistant à la chaleur

Investissement dans les énergies renouvelables et les technologies à faible émission de carbone

Technologie	2023 Investissement ($)	Capacité projetée
Projets solaires	23,500,000	50 MW
Énergie éolienne	35,700,000	75 MW
Capture de carbone	18,200,000	500 000 tonnes CO2 / an

Évaluations d'impact environnemental et stratégies d'atténuation pour les projets énergétiques

En 2023, Crescent Energy a effectué 12 évaluations complètes d'impact environnemental sur ses sites opérationnels, les coûts d'évaluation totaux atteignant 5,6 millions de dollars. Les principales stratégies d'atténuation comprenaient la restauration de l'habitat, la protection de la biodiversité et les programmes de surveillance des écosystèmes.

Zone d'évaluation	Nombre de sites	Investissement d'atténuation ($)
Opérations offshore	4	2,300,000
Installations à terre	6	1,800,000
Couloirs de pipeline	2	1,500,000

Crescent Energy Company (CRGY) - PESTLE Analysis: Social factors

Growing investor and public pressure for robust Environmental, Social, and Governance (ESG) disclosure.

You and other investors are defintely pushing for more than just financial metrics; you want to see a clear commitment to ESG (Environmental, Social, and Governance). This isn't a niche concern anymore, it's a core valuation driver. Crescent Energy Company is responding by aligning its disclosures with major global frameworks like the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD). This is the new standard for transparency.

A concrete example of this commitment is the company's performance on methane emissions reporting. For the third consecutive year in 2024, Crescent Energy Company was awarded the OGMP 2.0 Gold Standard Pathway rating, which is a comprehensive, measurement-based international methane reporting framework. This level of reporting helps to mitigate the social risk tied to climate concerns, showing the company is taking measurable steps.

Alignment with global climate goals drives a focus on acquiring and improving carbon-intensive assets.

The social pressure to meet global climate goals creates a unique opportunity for a company with an acquisition-focused model like Crescent Energy Company. Their strategy isn't just to buy clean assets; it's to acquire existing, sometimes carbon-intensive, assets and make them better. They explicitly state they want assets to be better in their hands, believing they can enhance cash flow, improve safety, and reduce adverse environmental impacts.

This 'buy and improve' model is a direct response to the social need for decarbonization without disrupting current energy supply. The acquisition of Vital Energy, Inc., announced in August 2025 for approximately $3.1 billion, is a major example of this strategy in action, where the focus is on integrating and improving a large new asset base to drive both financial and stewardship value. They have also updated their emissions reduction targets to reflect this ongoing acquisition strategy.

Industry-wide challenge to attract and retain specialized labor in the US oil and gas sector.

The US oil and gas industry is grappling with a significant talent gap, which is a major social factor risk. It's tough to recruit when 62% of Gen Z and Millennials find a career in the sector unappealing. Plus, the industry has become incredibly efficient: the number of jobs needed to produce a barrel of oil has fallen by half over the last decade. Overall, the US oil and gas sector employs about 20% fewer workers now than it did ten years ago, dropping from 1.26 million to 1 million.

For Crescent Energy Company, maintaining a specialized workforce is critical for their operational efficiency and acquisition integration. Here's the quick math on their recent workforce trend:

Metric	Value (as of Dec 31, 2024)	Year-over-Year Change
Total Employees	987	+83 employees
Employee Growth Rate		+9.18%

While the broader industry faces a projected lack of up to 40,000 competent workers by 2025, Crescent Energy Company's workforce is growing, likely due to their accretive acquisition strategy. Still, retaining key technical talent remains a constant, high-stakes challenge.

Shifting energy consumption patterns favor lower-carbon sources long-term.

The long-term trend is undeniable: the world is moving toward lower-carbon energy. However, the near-term reality is more complex, and Crescent Energy Company's natural gas-heavy portfolio benefits from this nuance. From October 2024 to September 2025, fossil fuels still provided over half, specifically 57%, of US electricity. Natural gas alone accounted for 40% of the total electricity mix, making it the dominant fuel.

The good news for the energy transition is that clean energy sources generated a record 44% share of US electricity so far in 2025, up from 33% a decade ago. But here's the kicker: the US Energy Information Administration (EIA) forecasts a short-term reversal, with US energy-related CO2 emissions projected to increase by 1.8% in 2025, driven by growth in electricity generation and increased fossil fuel consumption. Crescent Energy Company's balanced portfolio, which includes both oil and gas, allows them to navigate this transition by capitalizing on the continued, near-term demand for natural gas as a bridge fuel.

Crescent Energy Company (CRGY) - PESTLE Analysis: Technological Factors

You need to understand how Crescent Energy Company's technology choices are driving their bottom line, especially after a year of significant portfolio changes. The short answer is: their operational technology is creating a clear, measurable cost advantage and boosting well performance, which is exactly why their capital efficiency is improving.

Operational excellence achieved a 15% reduction in drilling and completion (DC&F) costs versus 2024

The most compelling technological factor is the tangible cost savings from optimizing their drilling, completion, and facilities (DC&F) processes. This isn't just a marginal gain; it's a structural improvement. For the first half of 2025, Crescent Energy Company drove continued operating efficiencies, improving DC&F costs by approximately 15% across their South Texas and Uinta basins compared to 2024. This focus on capital efficiency allowed the company to reduce its 2025 capital expenditure outlook by approximately 3%, even while maintaining the same production targets. Here's the quick math: lower costs per foot directly translate to a higher return on capital employed, making every dollar of their capital expenditure budget work harder. In the Eagle Ford alone, the company reported a 15% savings in DC&F costs per foot in the third quarter of 2025 versus 2024.

Efficiency Metric (2025 vs. 2024)	Impact	Key Basin
DC&F Cost Reduction	Approximately 15% improvement	South Texas (Eagle Ford) and Uinta
Completion Efficiency	10% improvement	Eagle Ford
Well Productivity (2024/2025 wells)	Outperforming prior activity by 20-plus percent	Eagle Ford

Use of advanced techniques like U-turn wells and Simulfrac completions boosts well productivity

The cost savings are only half the story; the other half is better production from each well. Crescent Energy Company is defintely using advanced techniques to maximize reservoir contact and accelerate production. The use of advanced completion techniques, such as simultaneous fracturing (Simulfrac) operations, drove a 10% improvement in completion efficiency in the second quarter of 2025. This operational rigor helped the company achieve a record production average of 263,000 barrels of oil equivalent per day (MBoe/d) in Q2 2025.

On the drilling side, the company has successfully deployed what they call Advanced Trajectory wells, which include complex directional drilling paths like the 'Full U-Turn' well. They completed 7 Full U-Turns on their legacy Crescent footprint, with each well generating an estimated savings of ~$2 million versus traditional development. This technology allows them to frac the entire curve of the wellbore, optimizing economics on complex acreage. The results are clear: their 2024 and 2025 wells are outperforming prior activity by more than 20% in well productivity.

Successful integration of Ridgemar Energy assets is outperforming initial expectations

Technology isn't just about drilling; it's also about how quickly and effectively you can apply your best practices to new assets. The acquisition of Ridgemar Energy's Central Eagle Ford assets, which closed on January 31, 2025, for an upfront consideration of $905 million, is a prime example. The integration has been seamless, and the assets are already outperforming initial expectations. This is a direct testament to Crescent Energy Company's operational technology and integration playbook.

The Ridgemar assets added approximately 20 MBoe/d of production, which is heavily oil-weighted (around 90% liquids), and over 100 proven locations to the inventory. The outperformance is a key catalyst for the company's enhanced 2025 guidance, showing that their operational expertise-the ability to quickly apply their advanced drilling and completion techniques-is a core technological strength that underpins their acquisition strategy.

Continued need for digital field technology to optimize production across a larger, acquired footprint

While the company has excelled at the wellsite, the challenge now shifts to managing a much larger, more complex portfolio. The recent announcement of the accretive $3.1 billion acquisition of Vital Energy, Inc. in Q3 2025, which establishes Crescent as a top 10 U.S. independent, dramatically expands their operational footprint. This scale-up necessitates a corresponding upgrade in digital field technology (DFT) to maintain those hard-won efficiencies.

The continued need is for a comprehensive digital system that can provide real-time data and predictive analytics across the entire asset base. This includes:

• Implementing advanced wellsite monitoring systems to prevent downtime.
• Integrating production data from the newly acquired assets for a unified operational view.
• Using machine learning to optimize artificial lift and flow assurance across thousands of wells.
• Automating regulatory compliance and reporting for the expanded portfolio.

Without a robust, integrated DFT platform, the gains from the 15% DC&F cost reduction and the 20-plus percent well productivity increase will be harder to sustain across the combined, larger entity. The next concrete action is clear: Operations needs to draft a proposal for a unified digital field deployment strategy across the new footprint by the end of the year.

Crescent Energy Company (CRGY) - PESTLE Analysis: Legal factors

Corporate Simplification Completed in 2025

The most significant legal and corporate governance change for Crescent Energy in 2025 was the completion of its Corporate Simplification. This move, which became effective on April 4, 2025, eliminated the complex umbrella partnership-C corporation (Up-C) structure.

This restructuring converted all remaining Class B common stock into Class A common stock, resulting in a single class of common stock. The goal was to align the economic and voting interests of all shareholders, which is defintely a plus for institutional investors. Simplifying the organizational structure is expected to reduce complexity, improve financial reporting clarity, and eliminate certain compliance and reporting costs.

Here's the quick math on the simplification's impact on corporate structure:

Legal Structure Component	Pre-April 4, 2025	Post-April 4, 2025	Legal/Investor Impact
Stock Classes	Dual-Class (Class A & Class B)	Single Class (Class A)	Streamlines voting and economic rights.
Corporate Entity	Up-C Structure	Single C-Corporation	Reduces organizational complexity and compliance costs.
KKR Ownership	Retained 10% ownership	Retained 10% ownership	KKR agreed to a 180-day lock-up of its shares.

Legal and Regulatory Risks Associated with the Large-Scale Vital Energy Merger Approval Process

The announced all-stock acquisition of Vital Energy, Inc. for approximately $3.1 billion, inclusive of Vital Energy's net debt, is a major legal undertaking that is expected to close in late fourth quarter of 2025.

The transaction is subject to customary closing conditions, including approvals from shareholders of both Crescent Energy and Vital Energy, as well as typical regulatory agencies. The primary legal risks are centered on shareholder litigation and regulatory scrutiny:

• Shareholder Litigation: Investigations into Vital Energy's board fulfilling its fiduciary duties are already underway, citing restrictive provisions in the merger agreement that could limit competing bids. All-stock deals, especially those without robust downside protection for the acquired company's shareholders, often attract such lawsuits.
• Regulatory Approval: The deal requires clearance from the Securities and Exchange Commission (SEC) and state-level antitrust reviews. While the all-stock nature may reduce immediate friction with the Federal Trade Commission (FTC) and Department of Justice (DOJ), the creation of a top-10 U.S. independent oil and gas producer will still face scrutiny.

Compliance Burden with New and Existing Federal and State Environmental Regulations

The regulatory landscape for oil and gas production is shifting rapidly, creating a significant compliance burden. The biggest legal headwind is the new federal mandate on methane emissions.

The Inflation Reduction Act (IRA) established a statutory Waste Emissions Charge (WEC), or Methane Fee, for oil and natural gas systems. Though Congress voted to eliminate the Environmental Protection Agency's (EPA) implementing rule in February 2025, the underlying statutory obligation to pay the fee remains in the IRA.

• Methane Fee: For 2025 methane emissions that exceed the specified waste emissions threshold, the fee is set at $1,200 per metric ton. This charge is a direct financial risk if Crescent Energy's emissions intensity is too high.
• Compliance Exemption: Facilities can be exempt from the Methane Fee if they are in compliance with the EPA's new Clean Air Act standards for oil and gas operations (often referred to as OOOOb/OOOOc regulations), which require installing emission control technologies and increasing monitoring for leaks.
• State-Level Rules: Crescent Energy also faces compliance with state-level mandates, such as the Texas Railroad Commission (TRC) rules mandating clean-up activities for inactive wells and additional requirements for plugging extensions.

Headwinds from a 25% Tariff on Oil Country Tubular Goods (OCTG)

While Crescent Energy has not released a specific, isolated 2025 CAPEX impact number for the tariff on Oil Country Tubular Goods (OCTG)-the steel pipes used in drilling and casing wells-the legal and trade policy environment makes this a clear cost headwind.

The imposition of a blanket 25% tariff on imported steel and aluminum, including OCTG, in 2025 directly raises the cost of one of the most critical components in the drilling supply chain. The U.S. typically imports 40% to 50% of its OCTG, making the industry highly exposed to these duties.

Here's the rub: While the industry faces cost pressure, Crescent Energy has been proactive. The company reported driving continued operational efficiencies, improving drilling, completion, and facilities (DC&F) costs by approximately 15% across South Texas and the Uinta compared to 2024. This suggests the company is actively mitigating the tariff's impact through better execution, but the underlying tariff itself remains a legal barrier and an inflationary cost driver.

Crescent Energy Company (CRGY) - PESTLE Analysis: Environmental factors

Committed to ESG reporting, aligning with SASB and Task Force on Climate-related Financial Disclosures (TCFD) frameworks.

You need to know how Crescent Energy Company is managing the long-term, structural shift toward a lower-carbon economy, and their commitment to transparency is a key indicator. They are defintely not hiding from the conversation. The company's disclosures are guided by two major standards: the IFRS Foundation's Sustainability Accounting Standards Board (SASB) for Oil & Gas - Exploration & Production and the Task Force on Climate-related Financial Disclosures (TCFD) framework.

This dual alignment is crucial because it ensures investors get both industry-specific, standardized metrics (SASB) and a clear view of how climate-related risks and opportunities are integrated into the company's governance, strategy, and risk management (TCFD). It's the difference between just reporting a number and explaining the strategy behind it. They are trying to show that environmental stewardship is central to their strategy of enhancing asset value, not just a compliance exercise.

Achieved a Gold Standard rating from the Oil & Gas Methane Partnership (OGMP) 2.0 Initiative.

Methane is a potent greenhouse gas (GHG), so how a company measures and reports it is a direct measure of their environmental seriousness. Crescent Energy Company has been recognized for its efforts under the Oil & Gas Methane Partnership (OGMP) 2.0 Initiative, which is the industry's leading standard for methane emissions reporting.

In 2024, the company received the OGMP 2.0 Gold Standard Pathway rating for the third consecutive year. This is the highest reporting level and signals that Crescent has a credible, multi-year plan to accurately measure its methane emissions across its operations. This focus on measurement is the first step to effective reduction, and it positions them as one of only a few U.S. onshore independent exploration and production (E&P) companies to achieve this level of recognition.

Exposure to state-level Greenhouse Gas (GHG) cap and trade programs and potential carbon taxes.

The regulatory landscape for carbon is a near-term risk that can directly impact operating costs, especially at the state level. Crescent Energy Company's operations in the Rockies (Uinta Basin) and Texas (Eagle Ford) expose them to a patchwork of state-level Greenhouse Gas (GHG) regulations.

For example, while Texas does not have a cap-and-trade program, their Rockies operations are subject to increasing regulation in states like Colorado, which has been focused on GHG emissions and cumulative impacts from oil and gas operations. The biggest precedent remains California's Cap-and-Trade program, which was renamed Cap-and-Invest in September 2025 and extended through 2045. While Crescent may not have significant direct exposure to California's Cap-and-Invest, these state programs create a regulatory template that other states could follow, increasing the risk of future compliance costs in their core operating areas.

Here's a quick look at the regulatory exposure:

Operating Area	Primary Regulatory Exposure	2025 Impact/Trend
Eagle Ford Shale (Texas)	Federal Methane Rules (EPA)	Lower state-level GHG tax risk; focus on federal compliance.
Uinta Basin (Rockies)	Colorado GHG/Methane Regulations	Increased regulatory oversight on methane leak detection and repair (LDAR) and cumulative impacts.
Overall U.S. Operations	State-Level Carbon Pricing (e.g., Cap-and-Invest)	Creates a cost-of-carbon precedent that could spread to other states, raising future operating expenses.

Divestiture of non-core assets, totaling over $700 million in 2025, streamlines the portfolio to focus on lower-decline, less capital-intensive assets.

This is where the environmental strategy meets the financial one. Crescent Energy Company is actively reshaping its portfolio to reduce its environmental footprint and improve capital efficiency simultaneously. The company's strategy is to focus on acquiring and improving assets, and then divesting non-core, higher-decline properties.

The 2025 fiscal year has been a period of significant portfolio optimization. The CEO announced in November 2025 that the company had signed over $700 million of non-core divestitures that quarter, bringing the total non-core divestiture program to more than $800 million year-to-date. This is a massive move, far surpassing their initial $250 million target.

The proceeds from these sales are being used primarily for debt reduction, but the strategic benefit is a streamlined portfolio focused on their core, low-decline assets in the Eagle Ford and Uinta Basins. Low-decline assets require less capital to maintain production, which means less drilling activity and, consequently, a lower environmental impact per barrel produced. This is a clear, actionable strategy for managing environmental risk while strengthening the balance sheet.

• Total 2025 non-core asset sales: More than $800 million.
• Example divestiture: $83 million sale of non-operated Permian Basin assets.
• Strategic goal: Reduce debt and focus on long-life, low-decline assets.

Here's the quick math: Selling over $800 million in non-core assets in one year is a decisive action that reduces their exposure to capital-intensive, high-decline properties, which are often the least environmentally efficient. That's a strong signal to the market.