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New Deal


Announced

A private operator to acquire North Dakota assets from Crescent Point Energy for $500m.

Financials

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Transaction Value£393m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Integrated Oil and Gas

Canada

oil production

gas production

Majority

Acquisition

Friendly

Single Bidder

Pending

Private

Synopsis

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A private operator agreed to acquire North Dakota assets from Crescent Point Energy, an oil and gas company based in Calgary, Alberta, Canada, for $500m. Over the last few years, we have taken several strategic steps to optimize our portfolio. This transaction allows us to realize future value for an area with limited scalability while immediately enhancing our financial position and increasing our focus on our core operating areas," Craig Bryksa, Crescent Point President and CEO.

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