Form SD - Specialized disclosure report

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

[phone]

(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.

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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

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Section 3. EXHIBITS

Item 3.01 Exhibits

The following exhibit is filed as part of this report.

Exhibit			Description
2.01			Interactive Data File (Form SD for the fiscal year ended December 31, 2023 filed in XBRL).
99.1			Resource Extraction Payment Report as required by Item 2.01 of this From.

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

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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			Project						Royalties			Total
United States			United States Federal Government			US/US-UT						$	35,025		$	35,025
United States			United States Federal Government			US/US-WY						46,694			46,694
United States			United States Federal Government			US/US-TX						3,011			3,011
United States			United States Federal Government			US/US-NM						271			271
United States			United States Federal Government			US/US-OK						309			309
United States			United States Federal Government			US/US-MT						684			684
Total												$	85,994		$	85,994

Corporate Entity Level Payments

						Payments (Refunds)
Country			Government			Project									Taxes			Total
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.

    

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

Payments, by Category - USD ($) $ in Thousands	Taxes	Royalties	Total Payments
Total	$ (5,000)	$ 85,994	$ 80,994

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

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

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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