Crescent Point Energy selling $600M of assets to Saturn Oil & Gas

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Crescent Point Energy Corp. says it has signed a $600-million deal to sell some of its oil-producing properties in Saskatchewan to Saturn Oil & Gas.

Crescent Point Energy Corp. says it has signed a $600-million deal to sell some of its oil-producing properties in Saskatchewan to Saturn Oil & Gas.

During the first quarter of 2024, Crescent Point also closed the previously announced disposition of its Swan Hills and Turner Valley assets for $140 million, before closing adjustments.Calgary-based Crescent Point has made several major acquisitions since 2021 in the Montney and Kaybob Duvernay oil-and-gas regions of northwest Alberta.

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