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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash and restricted cash presented on our balance sheets to amounts shown in the statements of cash flows:

			As of December 31,
			2021						2020						2019
			(in thousands)
Cash and cash equivalents			$	128,578					$	36,861					$	19,894
Restricted cash – current			—						—						3,932
Restricted cash – noncurrent			6,539						4,559						3,595
Total cash, cash equivalents and restricted cash			$	135,117					$	41,420					$	27,421

Schedule of Restricted Cash and Restricted Cash Equivalents

The following table provides a reconciliation of cash and restricted cash presented on our balance sheets to amounts shown in the statements of cash flows:

			As of December 31,
			2021						2020						2019
			(in thousands)
Cash and cash equivalents			$	128,578					$	36,861					$	19,894
Restricted cash – current			—						—						3,932
Restricted cash – noncurrent			6,539						4,559						3,595
Total cash, cash equivalents and restricted cash			$	135,117					$	41,420					$	27,421

Schedule of Redeemable Noncontrolling Interest

From the date of the Merger Transactions through December 31, 2021, we recorded adjustments to the value of our redeemable noncontrolling interests as shown below:

			Redeemable Noncontrolling Interest
			(in thousands)
Balance as of December 7, 2021			$	2,353,977
Net loss attributable to redeemable noncontrolling interests			(58,761)
Accrued OpCo distribution			(2,706)
Equity-based compensation, net of withholding taxes			16,412
Cancellation of OpCo Units associated with repurchase of treasury stock			16,091
Balance as of December 31, 2021			$	2,325,013

Schedule of Effects of Changes in Ownership

The following table discloses the effects on equity of changes in our ownership interest in our subsidiaries related to transactions with holders of noncontrolling interests:

			Year Ended December 31,
			2021						2020						2019
			(in thousands)
Net income (loss) attributable to Crescent Energy and its Predecessor			$	(358,544)					$	(118,649)					$	45,839
Transfers (to) from noncontrolling interest
Decrease in Predecessor members’ equity related to the Independence Reorganization			—						(101,926)						—
Increase in Predecessor members’ equity related to the December 2020 Exchange			—						657,370						—
Increase in Predecessor members’ equity related to the April 2021 Exchange			62,051						—						—
Net transfers (to) from noncontrolling interest			62,051						555,444						—
Changes from net income (loss) attributable to Crescent Energy and its Predecessor and transfers (to) from noncontrolling interest			$	(296,493)					$	436,795					$	45,839

Schedules of Concentration of Risk by Revenue

The below purchasers represented greater than 10% of our revenues during the years ended December 31, 2021, 2020 and 2019:

			2021						2020						2019
SN EF Maverick, LLC			*						15.5		%				20.0		%
Eighty Eight Oil			*						11.7		%				*
Shell Trading US Company			18.3		%				10.4		%				*
Cokinos Energy Corporation			*						*						18.1		%
BP Products North America			*						*						13.1		%

*Purchaser did not account for greater than 10% of revenue for the year

Schedule of Supplemental Cash Flow

The following are our supplemental cash flow disclosures for the years ended December 31, 2021, 2020 and 2019:

			Year Ended December 31,
			2021						2020						2019
			(in thousands)
Supplemental cash flow disclosures:
Interest paid, net of amounts capitalized			$	35,055					$	33,902					$	49,397
Income taxes paid			562						14						28
Non-cash investing and financing activities:
Capital expenditures included in accounts payable and accrued liabilities			47,173						12,267						28,305
Equity consideration for acquisitions, net of cash acquired			647,579						454,599						—
Right-of-use assets obtained in exchange for leases			8,573						—						—
April 2021 Exchange and December 2020 Exchange			62,051						657,370						—
Noncontrolling Interest Carve-out			(121,872)						—						—
Capitalized non-cash equity-based compensation			3,373						—						—

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