Crescent Point Energy Corp. (TSX:CPG) is looking to sell some of its assets in Alberta and Saskatchewan that could fetch around CAD 500 million ($394 million), according to an industry source and marketing documents seen by Reuters on February 7, 2022. Crescent is offering the assets for sale in three separate packages, according to the marketing documents.

Combined, the assets are estimated to have output around 10,554 barrels of oil equivalent per day in the fourth quarter, the documents showed. The company has retained National Bank Financial Markets (NA.TO) as its adviser on the planned sale, according to the marketing documents. Crescent Point and National Bank did not immediately respond to emailed requests for comment.