Full-Time

Facilities Engineer

Crescent Energy

Crescent Energy

51-200 employees

Oil and gas company pursuing acquisitions

No salary listed

Three Rivers, TX, USA

Remote

Field-based role; candidates must live within 85 miles of a Crescent field office. Overnight travel may be required up to 10% of the time.

Bachelor's

Category
Mechanical Engineering (2)
,
Required Skills
REST APIs
OSHA
Excel/Numbers/Sheets

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Requirements
  • A bachelor's degree in Chemical, Mechanical, Civil, or Petroleum Engineering, or a related engineering field, is required.
  • Three to seven years of relevant experience is required, preferably in upstream oil and gas production or midstream operations.
  • A comprehensive understanding of oil and gas operations is required.
  • Experience with risk assessment principles and their application is required.
  • Experience with maintenance operations and mechanical integrity is required.
  • Technical proficiency in production facilities design and operation is required.
  • Proficiency in hydraulic simulations, nodal analysis, and software such as Microsoft Excel, HYSIS, Piper, ProMax, or industry-specific tools is required.
  • Candidates must be able to work in remote locations, climb ladders and walkways, lift up to 50 pounds, and work in extreme weather conditions.
  • Candidates must live within 85 miles of a Crescent field office in Carrizo Springs, Dilley, or Three Rivers.
  • Candidates must be able to travel to field sites or corporate offices, including overnight stays, up to 10% of the time.
Responsibilities
  • Investigate operational challenges and present recommendations for corrective actions.
  • Lead the design of Non-D&C Capital projects and support construction and commissioning.
  • Participate in the installation, operation, optimization, and maintenance of production facility major components, including jet pump, gas lift, and rod pump artificial lift systems and compression units.
  • Monitor and assess current operations workflows.
  • Conduct enhancement activities for processing facilities and producing wells.
  • Optimize resources to complete operational activities with minimal downtime while maintaining safety and economic viability.
  • Plan ahead to anticipate problems and establish corrective actions.
  • Provide real-time engineering support for operational issues at well sites, processing facilities, cryogenic plants, and compressor stations.
  • Prepare cost estimates and manage Authorizations for Expenditure.
  • Manage Non-D&C Capital and Lease Operating Expenses to keep projects within budget and annual budget categories.
  • Ensure operations comply with HES rules, environmental regulations, and industry standards including API and OSHA.
  • Drive process optimization for centralized and on-pad facilities.
  • Provide field engineering support by troubleshooting equipment and processes.
  • Identify process improvement opportunities and implement optimization strategies.
  • Lead Management of Change processes.
  • Lead or participate in incident root-cause failure analysis investigations and develop engineered solutions for hazard elimination or mitigation.
  • Ensure data records are accurate, including PIDs, C&Es, PHAs, and inspection documents.
  • Manage multiple priorities, vendors, and third-party contractors simultaneously.
  • Translate complex technical findings into actionable reports for management and field crews.
Desired Qualifications
  • A degree from an ABET-accredited program is preferred.
  • Experience in upstream oil and gas production or midstream operations is preferred.

Crescent Energy focuses on energy production and royalties with a disciplined, returns-driven growth strategy centered on acquisitions and returning capital to shareholders. Its portfolio combines long-lasting oil and gas production with substantial development opportunities, anchored by stable cash flow from operations and a mix of minerals and royalty interests in premier U.S. basins, especially the Eagle Ford, Permian, and Uinta. The company works by owning and developing a mix of producing assets and high-quality development inventory, often in partnership with large, well-capitalized operators. Crescent’s approach is to grow through acquisitions while maintaining steady cash flow and returning capital, rather than chasing rapid, high-risk expansion. Its goal is to create durable value for investors by delivering predictable cash flow and disciplined capital allocation through a balanced, diversified asset base.

Company Size

51-200

Company Stage

IPO

Headquarters

Houston, Texas

Founded

2002

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Simplify Jobs

Simplify's Take

What believers are saying

  • August 3, 2026 results beat EPS by $0.09 and revenue by $130 million.
  • Q2 2026 levered free cash flow hit $418 million; full-year guidance rose to 335,000 boe/d.
  • Crescent's board kept a $0.12 quarterly dividend and expanded buybacks to $400 million.

What critics are saying

  • August 2026 leverage still matters: 0.57 current ratio and $3.3 billion debt strain flexibility.
  • Vital integration depends on commodity prices; another WTI collapse would crush 2026 free cash flow.
  • December 2026 dividend and buybacks become untenable if production guidance misses or hedges roll off.

What makes Crescent Energy unique

  • December 15, 2025 Vital closed, making Crescent a top-ten independent upstream producer.
  • Crescent combines Eagle Ford, Permian, and Uinta assets with a free-cash-flow mandate.
  • Management captured $120 million Permian synergies by August 2026, proving integration execution.

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Company News

MarketBeat
Aug 3rd, 2026
Crescent Energy (NYSE:CRGY) releases quarterly earnings results, beats estimates by $0.09 EPS.

Crescent Energy (NYSE:CRGY) releases quarterly earnings results, beats estimates by $0.09 EPS. August 3, 2026 Key points. * Crescent Energy beat quarterly earnings estimates, reporting $0.69 EPS versus the $0.60 consensus, while revenue reached $1.39 billion compared with $1.26 billion expected. * Shares slipped $0.04 to $11.43, with the stock trading between a 52-week range of $7.68 and $14.29. The company reported a negative 7.47% net margin, 8.10% return on equity, and a debt-to-equity ratio of 1.12. * Analysts maintain a "Moderate Buy" consensus rating with an average price target of $15.67, although Morgan Stanley recently downgraded the stock to underweight. Institutional investors own 52.11% of Crescent Energy. * Five stocks to consider instead of Crescent Energy. Crescent Energy (NYSE:CRGY - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.09, FiscalAI reports. Crescent Energy had a negative net margin of 7.47% and a positive return on equity of 8.10%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.26 billion. Crescent Energy price performance. Shares of Crescent Energy stock traded down $0.04 on Monday, hitting $11.43. 5,625,190 shares of the company were exchanged, compared to its average volume of 7,206,213. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of -15.24 and a beta of 1.40. The company has a 50-day moving average price of $10.81 and a 200 day moving average price of $11.30. Crescent Energy has a 1-year low of $7.68 and a 1-year high of $14.29. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.12. Institutional investors weigh in on Crescent Energy. Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC increased its stake in shares of Crescent Energy by 62.6% in the 4th quarter. Corient Private Wealth LLC now owns 28,731 shares of the company's stock worth $241,000 after acquiring an additional 11,063 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Crescent Energy by 38.8% in the fourth quarter. Invesco Ltd. now owns 2,260,663 shares of the company's stock valued at $18,967,000 after purchasing an additional 632,147 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Crescent Energy by 79.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 26,096 shares of the company's stock valued at $219,000 after purchasing an additional 11,594 shares during the period. First Citizens Bank & Trust Co. grew its holdings in shares of Crescent Energy by 1.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 65,241 shares of the company's stock valued at $547,000 after purchasing an additional 1,152 shares during the period. Finally, State of Tennessee Department of Treasury raised its stake in Crescent Energy by 28.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 218,993 shares of the company's stock worth $1,837,000 after purchasing an additional 48,221 shares during the period. Institutional investors and hedge funds own 52.11% of the company's stock. Analyst ratings changes. Several research firms have commented on CRGY. UBS Group initiated coverage on Crescent Energy in a research note on Tuesday, July 14th. They set a "buy" rating and a $13.00 price objective for the company. Zacks Research lowered Crescent Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Stephens reiterated an "overweight" rating and set a $18.00 price target on shares of Crescent Energy in a research report on Tuesday, May 5th. Wells Fargo & Company boosted their price target on Crescent Energy from $14.00 to $18.00 and gave the stock an "overweight" rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley downgraded Crescent Energy to an "underweight" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $15.67. Discover more Stock Split Calculator Market Cap Calculator About Crescent Energy. Crescent Energy Co NYSE: CRGY is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company's core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy's integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle. Crescent Energy's operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin's stacked pay intervals. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Crescent Energy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crescent Energy wasn't on the list. While Crescent Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

MarketBeat
Aug 1st, 2026
Segall Bryant & Hamill LLC sells 186,620 shares of Crescent Energy Company $CRGY.

Segall Bryant & Hamill LLC sells 186,620 shares of Crescent Energy Company $CRGY. August 1, 2026 Key points. * Segall Bryant & Hamill reduced its Crescent Energy stake by 6.7%, selling 186,620 shares and retaining 2.59 million shares worth approximately $35 million. Institutional investors collectively own 52.11% of CRGY. * Crescent Energy reported quarterly revenue of $1.18 billion and adjusted earnings of $0.53 per share, exceeding analyst expectations; revenue rose 24.5% year over year. * Analysts maintain a generally positive outlook, with a consensus "Moderate Buy" rating and a $15.58 price target versus the stock's reported $11.45 price. The company also pays a quarterly dividend of $0.12, yielding approximately 4.2% annually. * MarketBeat previews the top five stocks to own by September 1st. Segall Bryant & Hamill LLC lessened its stake in Crescent Energy Company (NYSE:CRGY - Free Report) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,594,152 shares of the company's stock after selling 186,620 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.79% of Crescent Energy worth $35,021,000 at the end of the most recent quarter. A number of other hedge funds also recently modified their holdings of CRGY. Royal Bank of Canada grew its holdings in Crescent Energy by 16.1% during the first quarter. Royal Bank of Canada now owns 58,900 shares of the company's stock valued at $662,000 after purchasing an additional 8,173 shares during the period. AQR Capital Management LLC raised its stake in shares of Crescent Energy by 8.9% in the first quarter. AQR Capital Management LLC now owns 17,104 shares of the company's stock valued at $192,000 after buying an additional 1,397 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Crescent Energy by 6.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,670 shares of the company's stock valued at $1,109,000 after buying an additional 6,184 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Crescent Energy by 42.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,969,411 shares of the company's stock valued at $44,616,000 after buying an additional 1,174,576 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Crescent Energy by 32.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 244,456 shares of the company's stock worth $2,748,000 after acquiring an additional 59,199 shares during the period. Institutional investors own 52.11% of the company's stock. Wall Street analysts forecast growth. CRGY has been the subject of several recent research reports. Weiss Ratings lowered Crescent Energy from a "hold (c)" rating to a "sell (d)" rating in a report on Wednesday, May 6th. Stephens reaffirmed an "overweight" rating and set a $18.00 price objective on shares of Crescent Energy in a report on Tuesday, May 5th. UBS Group initiated coverage on shares of Crescent Energy in a research report on Tuesday, July 14th. They set a "buy" rating and a $13.00 target price for the company. Wall Street Zen lowered shares of Crescent Energy from a "buy" rating to a "hold" rating in a research report on Saturday, June 27th. Finally, Mizuho lifted their target price on shares of Crescent Energy from $14.00 to $15.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.58. Crescent Energy trading up 2.5%. NYSE:CRGY opened at $11.45 on Friday. The company has a market cap of $3.78 billion, a P/E ratio of -15.26 and a beta of 1.40. The stock's fifty day moving average price is $10.81 and its two-hundred day moving average price is $11.28. Crescent Energy Company has a 1 year low of $7.68 and a 1 year high of $14.29. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.57 and a quick ratio of 0.57. Crescent Energy (NYSE:CRGY - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.14. Crescent Energy had a positive return on equity of 8.10% and a negative net margin of 7.47%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $0.57 earnings per share. The business's revenue for the quarter was up 24.5% on a year-over-year basis. As a group, analysts expect that Crescent Energy Company will post 1.78 EPS for the current year. Crescent Energy announces dividend. The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a $0.12 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.48 annualized dividend and a yield of 4.2%. Crescent Energy's dividend payout ratio (DPR) is currently -64.00%. About Crescent Energy. Crescent Energy Co NYSE: CRGY is an independent exploration and production company focused on the acquisition, development and production of oil and natural gas resources in North America. Headquartered in Oklahoma City, the company's core business activities include the identification and appraisal of prospective acreage, the design and execution of drilling and completion programs, and the ongoing operation and optimization of producing wells. Crescent Energy's integrated approach emphasizes capital efficiency, reservoir quality and operational reliability to support sustainable cash flow generation over the commodity cycle. Crescent Energy's operations are concentrated in the Permian Basin, with a particular focus on the Delaware Basin's stacked pay intervals. Want to see what other hedge funds are holding CRGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crescent Energy Company (NYSE:CRGY - Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Crescent Energy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crescent Energy wasn't on the list. While Crescent Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Yahoo Finance
Jun 22nd, 2026
Bloom Energy surges 130% on AI power demand, raises full-year guidance

Crescent Energy, an oil and natural gas exploration company, generated $192 million in levered free cash flow during Q1, supported by record production. The company's production increased 32% year-over-year to 341,000 barrels of oil equivalent per day, driven by successful integration of Permian Basin assets. The company captured $120 million in Permian acquisition synergies, enhancing its cash-generating capabilities. Management has benefited from operational improvements and strong free cash flow generation. Bloom Energy also featured prominently, with Q1 revenue surging 130% year-over-year to $751.05 million, driven by a 208% increase in product revenue. The fuel cell technology company is benefiting from AI-related power demand, with expanding partnerships involving Oracle and Brookfield Asset Management supporting its growth outlook.

Yahoo Finance
May 21st, 2026
Miller Value Partners bets $27M on oil producer Crescent Energy with 50% annual returns

Miller Value Partners initiated a new position in Crescent Energy, acquiring 2,003,132 shares valued at approximately $27.04 million as of 31 March 2026. The investment represents 7.06% of the fund's reportable assets under management. Crescent Energy, a Houston-based oil and gas producer operating across multiple US basins including Eagle Ford and Permian, reported record production of 341,000 barrels of oil equivalent per day in its latest quarter. The company generated $409 million in operating cash flow and $192 million in levered free cash flow, whilst capturing $120 million in Permian acquisition synergies ahead of schedule. Crescent Energy shares have risen approximately 50% over the past year, significantly outperforming the S&P 500's 27% gain. The company maintains net leverage of 1.7x and approximately $2 billion in liquidity.

Yahoo Finance
Mar 25th, 2026
J.P. Morgan backs 2 oil stocks as WTI crude drops 17% on Iran de-escalation signals

Oil prices fell sharply on Monday following President Trump's comments suggesting potential de-escalation in the Middle East, with WTI crude dropping as much as 17% after having surged over 40% since 26 February. Despite the volatility, J.P. Morgan has identified two oil stocks worth considering. The firm rates Crescent Energy with an Overweight rating and $19 price target, implying 52% upside. Crescent generated $865 million in revenue during Q4 2025 and pays a 3.8% dividend yield. The company recently completed a $3.1 billion acquisition of Vital Energy. SM Energy also received an Overweight rating with a $40 price target, suggesting 38% upside. SM recently completed a $12.8 billion merger with Civitas and pays a 3% dividend yield. Both companies are expected to benefit from higher oil prices whilst maintaining strong cash flows.