Canadian shale player Crescent Point Energy is selling its entire Uinta position to an unnamed private buyer for C$700 million (US$525 million) in cash, writes Caroline Evans.
The assets include 350 net sections of undeveloped land, 123.1 million barrels of oil equivalent of proven plus probable reserves and 29.5 million boe of proven developed producing reserves, based on an independent 2018 assessment.
