Crescent Point is getting out of the North Dakota Bakken with $675 million sale

Crescent Point Energy Corp. is selling off its North Dakota assets to a private operator for US$500 million (approximately C$675 million) in cash. It’s a move that follows Crescent Point’s growing focus on Alberta production in the Duvernay play, where they have been seeing some stellar wells in the range of 1,500 barrels per day initial production.
But as their focus in Alberta has grown considerably, action to the east has declined.