Shell sells its Alberta shale assets to Calgary-based Crescent Point
Shell sells its Alberta shale assets to Calgary-based Crescent Point By Robert Tuttle on 2/18/2021 Crescent Point Energy CALGARY (Bloomberg) --Crescent Point Energy Corp. agreed to buy some of Royal Dutch Shell Plcâs Western Canadian shale operations for about C$900 million ($707 million) in the latest example of consolidation in the Canadian oil and gas sector. Calgary-based Crescent Point, an oil driller with a focus on Saskatchewan, will acquire Shellâs Kaybob Duvernay assets for $550 million in cash and 50 million Crescent Point common shares. The...
Source: worldoil.com