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 70% 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 1,123,252,000 kg CO2e from Scope 1 and 857,825,000 kg CO2e from Scope 2. This represents a significant increase in emissions compared to 2021, where Scope 1 emissions were about 1,358,082,000 kg CO2e and Scope 2 emissions were approximately 710,186,000 kg CO2e. The company has not disclosed any Scope 3 emissions data. Crescent Energy's emissions intensity for Scope 1 and Scope 2 combined was reported at 35,200 kg CO2e per barrel of oil equivalent (Boe) in 2022, a decrease from 51,900 kg CO2e per Boe in 2021. This indicates a positive trend towards reducing emissions intensity despite the overall increase in absolute emissions. The company has committed to near-term climate targets, although specific reduction targets have not been detailed. They are not currently committed to a net-zero target. The climate commitments are aligned with industry standards, and the company is actively working towards improving its sustainability practices. Crescent Energy's emissions data is sourced directly from the Crescent Energy Company, with no cascaded data from parent or related organizations. The company operates within the Containers and Packaging sector in the United States.
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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.
