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Crescent Energy Names Joey Hall Chief Operating Officer, Effective June 2.
ByAinvest
Friday, May 23, 2025 4:09 pm ET1min read
Crescent Energy Company has appointed Joey Hall as Chief Operating Officer, effective June 2, 2025. Hall previously served as Executive Vice President of Operations at Pioneer Natural Resources Company, where he held leadership roles overseeing development and operational strategy in multiple regions. He holds a Bachelor of Science degree in Mechanical Engineering from Texas Tech University and is a Registered Professional Engineer in the State of Texas.
Crescent Energy Co., based in Houston, has announced the appointment of Joey Hall as its new Chief Operating Officer (COO), effective June 2, 2025 [1]. Hall brings extensive experience from his tenure at Pioneer Natural Resources Co., where he served as Executive Vice President of Operations and was a member of the executive committee. His leadership roles at Pioneer included overseeing development and operational strategy across various regions, including the Eagle Ford and Permian basins.Hall holds a Bachelor of Science degree in Mechanical Engineering from Texas Tech University and is a Registered Professional Engineer in the State of Texas. This appointment follows Crescent Energy's recent reporting of first-quarter 2025 earnings and production. The company's production averaged 258,000 boe/d, with 40% being oil. Crescent drilled 41 gross operated wells and brought online 40 gross operated wells, with capital expenditures (excluding acquisitions) amounting to $208 million. The company reported $6 million in net income and $143 million in adjusted net income for the quarter.
Crescent Energy also announced significant divestments in its first-quarter 2025 results. The company closed a $905-million deal to acquire central Eagle Ford assets from Ridgemar Energy and sold $90 million of non-core assets as of May 5. Additionally, it closed a $83-million sale of non-operated Permian basin assets to a private buyer on April 22. These divestments have led to an update in Crescent's full-year 2025 outlook. The company reaffirmed plans to operate a flexible 4-5 rig program and adjusted its production guidance from 254,000-264,000 boe/d to 251,000-261,000 boe/d.
References:
[1] https://www.ogj.com/general-interest/personnel-moves-promotions/article/55291569/crescent-energy-names-hall-coo
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