06:07 AM EDT, 05/07/2024 (MT Newswires) -- Crescent Point Energy ( CPG ) said late Monday that it has signed a deal to sell certain non-core assets in Saskatchewan to Saturn Oil & Gas for $600 million in cash.

Crescent Point said the properties up for sale include Flat Lake and Battrum, and net proceeds will be used for debt repayment.

The deal is slated to be completed in late Q2.

Crescent Point said it now expects its 2024 average production to be 191,000 to 199,000 barrels of oil equivalent per day, compared with its prior guidance of 198,000 to 206,000.

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