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Crescent Point Energy completes $130 million acquisition of light oil assets in Manitoba

January 2012
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On January 25, 2012, Crescent Point Energy Corp. (TSX: CPG) closed an acquisition of producing light oil assets in southwest Manitoba for cash consideration of $130 million. These assets produce approximately 940 boe/d of high-quality, long-life light oil production and are complementary to Crescent Point’s existing properties in Manitoba.

Gowlings acted as lead oil & gas counsel to Crescent Point in this transaction with a team that included Patrick Burgess, Sarah MacLeod, Bradley McFadden, Christine Yick, Alexander Hu and Ethan Sinclair.

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