Local news from across the Uintah Basin.
Crescent Point Announces Sale of Uinta Basin Assets in $912 Million Cash Sale
Crescent Point Energy announced Tuesday the sale of its Uinta Basin asset in its entirety as well as certain Saskatchewan assets for a total cash consideration of $912 million dollars. “Since we established our transition plan in September 2018, we have meaningfully improved the sustainability of our business model by revising our capital allocation process, lowering our cost structure and strengthening our balance sheet,” shared Craig Bryksa, President and CEO of Crescent Point.