Crescent Point Energy to Acquire Shell's Kaybob Duvernay Assets

Updated 7 months 1 week ago

Crescent Point has agreed to acquire Shell's Kaybob Duvernay assets in Alberta for $700 million in cash and 50 million Crescent Point common shares. The deal is expected to close in April 2021.

Craig Bryksa, Crescent Point President & CEO

The depth of high-return drilling inventory also provides optionality within our capital allocation framework. We view the Kaybob assets as low-risk given that they have been delineated over the past decade and key infrastructure and market access are already in place.