CALGARY, Jan. 20, 2020 /CNW/ - Crescent Point Energy Corp.
("Crescent Point" or the "Company") (TSX and NYSE: CPG) is pleased
to announce that it has successfully closed the previously
announced sale of certain associated gas infrastructure assets (the
"Assets") in Saskatchewan for
total cash consideration of $500
million.
The Assets sold as part of this transaction include nine natural
gas gathering and processing facilities and two gas sales pipelines
with total throughput capacity of more than 90 MMcf/d.
Crescent Point is a leading North American light oil producer,
driven to enhance shareholder returns by cost-effectively
developing a focused asset base in a responsible and sustainable
manner.
FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE
CONTACT:
Brad Borggard, Senior
Vice President, Corporate Planning and Capital Markets, or
Shant Madian, Vice
President, Investor Relations and Corporate Communications
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403)
693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue
S.W. Calgary AB T2P 1G1
www.crescentpointenergy.com
Crescent Point shares are traded on the Toronto Stock Exchange
and New York Stock Exchange under the symbol CPG.
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content:http://www.prnewswire.com/news-releases/crescent-point-closes-sale-of-gas-infrastructure-assets-300989785.html
SOURCE Crescent Point Energy Corp.