Crescent Point, an exploration and production company that produces oil and gas, completed the acquisition of oil and liquids-rich Montney assets in Alberta from Spartan Delta, an energy company, for $1.7bn. "Over the past five years, we have fundamentally rebuilt and strengthened Crescent Point. As a result of our efforts, and after closing this transaction, our asset base will include significant inventory depth in both the Kaybob Duvernay and the Montney, while also maintaining significant low-decline assets in Saskatchewan that provide additional excess cash flow. The Montney acquisition is immediately accretive to our per share metrics, enhances our return of capital to shareholders, and is aligned with our long-term strategy to focus on high quality, scalable resource plays that meet our defined asset criteria," Craig Bryksa, Crescent Point President and CEO.