Reported Earlier, Crescent Point Energy Sells Its Certain Non-Core Assets In Saskatchewan For $600M

Crescent Point has agreed to sell certain non-core properties in Saskatchewan, including Flat Lake and Battrum, to Saturn for $600 million in cash. Production from the Assets was expected to be 13,500 boe/d (95% oil and liquids) over the next 12 months, generating $210 million of net operating income at current strip commodity prices. The Company had allocated minimal development capital expenditures to the Assets for the remainder of 2024.