Crescent Energy
Crescent Energy Company, commonly referred to as Crescent Energy, is a prominent player in the US energy sector, headquartered in Houston, Texas. Founded in 2020, the company has quickly established itself in the oil and gas industry, focusing on the acquisition and development of high-quality assets in key operational regions, including the Permian Basin and the Eagle Ford Shale. Crescent Energy's core offerings encompass exploration, production, and asset management, distinguished by a commitment to sustainable practices and innovative technologies. The company has achieved significant milestones in a short span, positioning itself as a competitive force in the market. With a strong emphasis on operational efficiency and environmental stewardship, Crescent Energy continues to enhance its reputation as a responsible energy provider, dedicated to meeting the evolving needs of the industry.
DitchCarbon Score
How does Crescent Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Crescent Energy's score of 17 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Crescent Energy's reported carbon emissions
In 2022, Crescent Energy reported total carbon emissions of approximately 2,001,076,000 kg CO2e, comprising about 1,123,252,000 kg CO2e from Scope 1 emissions and about 857,825,000 kg CO2e from Scope 2 emissions. This marked a reduction from 2021, when their emissions totalled approximately 2,066,268,000 kg CO2e, with Scope 1 emissions at about 1,358,082,000 kg CO2e and Scope 2 emissions at about 710,186,000 kg CO2e. Crescent Energy has committed to near-term emissions reduction targets, although specific numerical targets have not been disclosed. The company is not currently committed to a net-zero target. Their emissions intensity for Scope 1 and Scope 2 combined was reported at 35,200 kg CO2e per barrel of oil equivalent in 2022, a decrease from 51,900 kg CO2e per barrel in 2021, indicating progress in reducing emissions intensity. Crescent Energy's climate commitments reflect a growing awareness of the need for sustainability within the energy sector, aligning with industry standards for emissions reporting and reduction initiatives.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 452,016,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 533,269,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Crescent Energy is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
