Deals

North America’s Busiest Oil Dealmaker Turns Focus to Production

  • Crescent Point to focus on organic growth, paying down debt
  • First-quarter performance showed progress in boosting output

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After five years of snapping up more oil assets than any of its peers in North America, Crescent Point Energy Corp. is turning its focus to getting more out of them.

Chief Executive Officer Scott Saxberg says that rather than scouting for new assets to buy, the company is trying to keep a lid on costs, drilling new wells in the Uinta Basin in Utah and developing operations in the Bakken formation.