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$861M deal for Canadian firm

Crescent Poin Energy Corp. announced Thursday an $861-million deal to acquire privately held oil and gas producer Ute Energy Upstream Holdings LLC. Ute is active in the Uinta Basin light oil resource play in northeast Utah.
Victoria Times-Colonist Staff

Crescent Poin Energy Corp. announced Thursday an $861-million deal to acquire privately held oil and gas producer Ute Energy Upstream Holdings LLC. Ute is active in the Uinta Basin light oil resource play in northeast Utah.