Crescent Point Energy Announces Closing of Ute Energy Acquisition

Crescent Point Energy Announces Closing of Ute Energy Acquisition PR Newswire CALGARY, Alberta, November 29, 2012 CALGARY, Alberta, November 29, 2012 /PRNewswire/ -- /NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES/ Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) is pleased to report that the previously announced acquisition (the "Ute Acquisition") of Ute Energy Upstream Holdings LLC ("Ute") closed today. With closing of the Ute Acquisition, Crescent Point acquires production of approximately 7,800 boe/d and establishes a new core area in the Uinta Basin light oil resource play in northeast Utah. Other key attributes of the Ute assets acquired include: 55.1 million boe of proved plus probable and 37.