Market Overview

Crescent Point Closes on Sale of Uinta Basin and Non-Core Saskatchewan Assets

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CALGARY, Oct. 18, 2019 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (NYSE:CPG) is pleased to announce that it has successfully closed the previously announced sale of its Uinta Basin asset and certain non-core conventional assets in southeast Saskatchewan.

These accretive dispositions are in-line with the Company's strategy to focus its asset base and strengthen its balance sheet.

Crescent Point is a leading North American light oil producer, driven to enhance shareholder returns by cost-effectively developing a focused asset base in a responsible and sustainable manner.

FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT:

Brad Borggard, Senior Vice President, Corporate Planning and Capital Markets, or
Shant Madian, Vice President, Investor Relations and Corporate Communications
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020  Fax: (403) 693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue S.W. Calgary AB  T2P 1G1

www.crescentpointenergy.com

Crescent Point shares are traded on the Toronto Stock Exchange and New York Stock Exchange under the symbol CPG.

Cision View original content:http://www.prnewswire.com/news-releases/crescent-point-closes-on-sale-of-uinta-basin-and-non-core-saskatchewan-assets-300941404.html

SOURCE Crescent Point Energy Corp.

View original content: http://www.newswire.ca/en/releases/archive/October2019/18/c8590.html

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