Crescent Energy Receives a Gold Standard Pathway Rating from the United Nations' Oil & Gas Methane Partnership for a Second Consecutive Year
Crescent Energy Company (NYSE:CRGY) ("Crescent" or the "Company") today announced that it received the Oil & Gas Methane Partnership's ("OGMP 2.0") Gold Standard pathway rating for a second consecutive year. The prestigious rating signifies that a company has a credible multi-year plan to accurately measure its methane emissions.
OGMP 2.0 is the United Nations Environment Programme's flagship oil and gas reporting and mitigation program and the leading industry standard for methane emissions reporting. The Gold Standard pathway is the highest reporting level under the initiative and Crescent is one of only four U.S. based upstream companies to receive this rating for a second consecutive year.
Crescent CEO David Rockecharlie said, "We are pleased that OGMP 2.0 acknowledges the progress we are making on our climate initiatives and our commitment to transparent reporting. As one of the first U.S. onshore energy companies to join OGMP 2.0 in early 2022, we firmly believe that accurate measurement of emissions is imperative as we seek to most effectively improve our emissions profile."
About Crescent Energy Company
Crescent is a growth-oriented U.S. independent energy company engaged in the acquisition, development and operation of oil and natural gas properties. Crescent's portfolio of low-decline, cash-flow oriented assets comprises both mid-cycle unconventional and conventional assets with a long reserve life and deep inventory of low-risk, high-return development locations in the Eagle Ford and Uinta basins. Crescent's leadership is an experienced team of investment, financial and industry professionals that combines proven investment and operating expertise. For more than a decade, Crescent and its predecessors have executed a consistent growth through acquisition strategy focused on cash flow, risk management and returns. For additional information, please visit www.crescentenergyco.com.
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