On 3 September 2019, Crescent Point announced sale of Uinta Basin and non-core Saskatchewan assets in two separate transactions totalling US$697 million (CAD$912 million) in cash. This Deal Insight focuses on the US$525 million Uinta Basin disposal. The Uinta Basin assets cover 300,000 net acres, including 88,000 net acres in the sweet spot of the play. Current production is ~21,000 boe/d of primarily waxy crude. Crescent Point reached a watershed last fall when long-time CEO and president, Scott Saxberg, was replaced by Crescent Point engineer Craig Bryska. Bryska shook things up with plans to reduce debt by more than CAD$1 billion by year-end 2019. To achieve the ambitious goal, Crescent Point stated that it would sell off non-core properties and place greater emphasis on returns (versus growth) over the subsequent 12 to 24 months.