On December 9, 2022, Crescent Point Energy Corp. has agreed to acquire Kaybob Duvernay assets from Paramount Resources Ltd. for a cash consideration of $510,750,000 ($375 million). This acquisition will add 130 net drilling locations, increasing Crescent Point's drilling inventory in the play to over 20 years. The assets span roughly 65,000 net acres of crown land, currently producing over 4,000 boe/d, and include a gas plant, pipelines, water infrastructure, and seismic data. The purchase is slated to close in January 2023 and will be financed using existing credit facilities. Crescent Point also announced a 25% hike in its Q1 2023 base dividend to $0.10 per share annually. With an estimated excess cash flow of $1.69 billion (US$1.25 billion) for 2023 (at US$80 WTI), the company intends to return 50% of its discretionary excess cash flow to shareholders, in addition to the base dividend. This would mean over $951 million (US$700 million) returned to shareholders in 2023, based on the current US$80 WTI guidance. Furthermore, the company has renewed and extended its credit facilities, pushing the maturity date to November 2026. As of the fourth quarter of 2022, the size of Crescent Point's credit facilities stands at $3.20 billion (US$2.36 billion).