UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT

Commission file number 001-41132


Crescent Energy Company
(Exact name of registrant as specified in its charter)


Delaware
87-1133610
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification Number)
600 Travis Street, Suite 7200
Houston, Texas 77002
(Address of principal executive offices) (Zip Code)

Brandi Kendall
Chief Financial Officer
(713) 332-7001
(Name and telephone number, including area code, of person to contact with this report)


Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

☐    Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023.


☒    Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.






Section 2. RESOURCE EXTRACTION ISSUER DISCLOSURE

Item 2.01 Resource Extraction Issuer Disclosure and Report

Disclosure of payments by resource extraction issuers

The specified payment disclosure required by this Form is included as Exhibit 2.01 to this Specialized Disclosure Report on Form SD.
2

Section 3. EXHIBITS

Item 3.01 Exhibits

The following exhibit is filed as part of this report.

ExhibitDescription
2.01
Interactive Data File (Form SD for the fiscal year ended December 31, 2023 filed in XBRL).
99.1




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CRESCENT ENERGY COMPANY
Date: September 24, 2024
/s/ Brandi Kendall
Brandi Kendall
Chief Financial Officer
3
Exhibit 99.1
Resource Extraction Payment Report
This exhibit to Form SD presents payments made by Crescent Energy Company (“Crescent,” “we” or “our”) to the U.S. federal government and foreign governments for the purpose of the commercial development of oil and natural gas during the year ended December 31, 2023. The information within this report has been prepared and is presented in accordance with Rule 13q-1 (17 CFR 240.13q-1) under the Securities Exchange Act of 1934, as amended (“the Rule”). This report is limited to payments required to be disclosed by the Rule and does not include other payments and contributions to governmental and civic entities beyond the scope of the Rule.

Payments
Payments are disclosed on a cash basis, according to the year during which the payment was made (rather than on an accrual basis). All payments were made in 2023. Only payments of the types defined within the Rule and for which Crescent made payments during the reporting period are presented.
Currency
All payments were made and are reported in thousands of US Dollars.

Projects
Payments are grouped into projects, within a country. All of our payments are for onshore production and made to the U.S. Federal Government. The resources being extracted are oil and natural gas, all with the extraction method of “well.” Obligations levied at the governmental level rather than on a particular project are disclosed as governmental level payments.

Payment Overview


Country
Government
ProjectRoyaltiesTotal
United States
United States Federal Government
US/US-UT$35,025 $35,025 
United States
United States Federal GovernmentUS/US-WY46,694 46,694 
United States
United States Federal GovernmentUS/US-TX3,011 3,011 
United States
United States Federal GovernmentUS/US-NM271 271 
United States
United States Federal Government
US/US-OK
309 309 
United StatesUnited States Federal Government
US/US-MT
684 684 
Total$85,994 $85,994 


Corporate Entity Level Payments

Payments (Refunds)
CountryGovernment
Project
TaxesTotal
United States
United States Federal Government
(1)$(5,000)$(5,000)
Total$(5,000)$(5,000)

(1)     The United States federal government levies income taxes at the Crescent level rather than on a per project basis. Pursuant to Instruction (4) of Item 2.01 of Form SD, Crescent is permitted to report taxes at the parent-entity level where such taxes are imposed. Crescent is a holding company that conducts substantially all of its business through its consolidated subsidiaries that hold its oil and natural gas interests. In 2023, we received a refund due to a previous overpayment of tax.


    

v3.24.3
Document Information
 12 Months Ended
Dec. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0001866175
Registrant Name Crescent Energy Co
Period End Date Dec. 31, 2023
Reporting Currency USD
v3.24.3
Payments, by Category - USD ($)
$ in Thousands
Taxes
Royalties
Total Payments
Total $ (5,000) $ 85,994 $ 80,994
v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
Royalties
Total Payments
Total $ (5,000) $ 85,994 $ 80,994
Utah Project [Member]      
Total   35,025 35,025
Wyoming Project [Member]      
Total   46,694 46,694
Texas Project [Member]      
Total   3,011 3,011
New Mexico Project [Member]      
Total   271 271
Oklahoma Project [Member]      
Total   309 309
Montana Project [Member]      
Total   $ 684 $ 684
v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
Royalties
Total Payments
Total $ (5,000) $ 85,994 $ 80,994
UNITED STATES      
Total (5,000) 85,994 80,994
UNITED STATES | U. S. Federal Government [Member]      
Total $ (5,000) $ 85,994 $ 80,994
v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Amount
Type
Country
Subnat. Juris.
Govt.
Project
Resource
Ext. Method
#: 1                
$ 35,025 Royalties UNITED STATES snj:US-UT U. S. Federal Government [Member] Utah Project [Member] Oil And Natural Gas [Member] Well
#: 2                
46,694 Royalties UNITED STATES snj:US-WY U. S. Federal Government [Member] Wyoming Project [Member] Oil And Natural Gas [Member] Well
#: 3                
3,011 Royalties UNITED STATES snj:US-TX U. S. Federal Government [Member] Texas Project [Member] Oil And Natural Gas [Member] Well
#: 4                
271 Royalties UNITED STATES snj:US-NM U. S. Federal Government [Member] New Mexico Project [Member] Oil And Natural Gas [Member] Well
#: 5                
309 Royalties UNITED STATES snj:US-OK U. S. Federal Government [Member] Oklahoma Project [Member] Oil And Natural Gas [Member] Well
#: 6                
684 Royalties UNITED STATES snj:US-MT U. S. Federal Government [Member] Montana Project [Member] Oil And Natural Gas [Member] Well
#: 7                
$ (5,000) Taxes UNITED STATES   U. S. Federal Government [Member]   Oil And Natural Gas [Member] Well
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