Reuters: Regulatory News: Crescent Point to buy Ute Energy for $784 mln

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Crescent Point to buy Ute Energy for $784 mln Nov 1st 2012, 19:28 Thu Nov 1, 2012 3:28pm EDT Nov 1 (Reuters) - Crescent Point Energy Corp said on Thursday it will buy privately held oil and gas producer Ute Energy Upstream Holdings LLC for $784 million in cash. Crescent Point will also assume about $77 million of Ute's debt, it said. Ute has current production of about 7,800 barrels of oil equivalent per day.

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