One-Page Deal Sheet
Crescent Point Sells It's Entire North Dakota Bakken Asset
Not Disclosed Crescent Point Energy Corp.
Announced Date
August 24,2023
Close Date
October 24,2023
Transaction Type
Asset
Enterprise Value (EV)($MM)
500
Asset/Basin:
["Bakken"]
TargetZones:
[]
% Oil:
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/Location
Transaction Details: Subscribe to see
Crescent Point Energy said it is selling its North Dakota Bakken assets for $500 million to an undisclosed buyer.
Crescent Point has agreed to sell its North Dakota assets to a private operator for US$500 million (approximately $675 million) in cash. This Transaction allows Crescent Point to bring forward the expected future value of the Assets, as the proceeds equate to over five years of the cumulative excess cash flow that was expected from these Assets within the Company's long-term development plan at current commodity prices.
In the second quarter of 2023, these Assets had gross…
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