** Crescent Energy's CRGY.N shares down 3.6% at $14.59 in extended trading after co launches acquisition-related equity offering
** Houston-based oil and gas producer commences 18 mln share offering to fund $905 mln buy of Ridgemar Energy's Eagle Ford basin assets
** Crescent could raise around $270 mln, based on stock's close. CRGY finished Tues up 2.1% at $15.14
** Wells Fargo, KKR, Raymond James and Evercore leading the offering
** Co has ~228.3 mln shares outstanding for roughly $3.5 bln market cap
** Crescent's external manager is a subsidiary of KKR & Co KKR.N
** Through Tues, CRGY up 32% over the past three months, putting stock up ~15% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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