Nevin Mathew (for Tarek Hamid)'s questions to Crescent Energy Co (CRGY) leadership • Q1 2025
Question
Nevin Mathew, on for Tarek Hamid, asked how much further D&C costs could decline and how the company is balancing lower service costs against potential OCTG cost increases from tariffs.
Answer
Executive Brandi Kendall clarified that the recent 10% D&C cost reduction was driven by operational efficiency, not service cost softening. She noted that the potential impact from tariffs is minimal (1-1.5% of the capital program) and is already embedded in the reaffirmed guidance. While hopeful for more efficiency gains, the company is currently assuming relatively flat D&C costs going forward.