Crescent Point Energy Corp. (TSX:CPG) entered into a purchase and sale agreement to acquire Additional Kaybob Duvernay assets from Paramount Resources Ltd. (TSX:POU) for approximately CAD 380 million on December 9, 2022. This acquisition will be funded through existing credit facilities and is expected to close during January 2023.

Crescent Point Energy Corp. (TSX:CPG) completed the acquisition of Additional Kaybob Duvernay assets from Paramount Resources Ltd. (TSX:POU) on January 11, 2023. Cash consideration was funded primarily through cash on hand and included a deposit on acquisition of CAD18.7 million.