Veren Inc. (formerly Crescent Point Energy) is an oil and gas exploration and production company based in Calgary, Alberta, Canada.
[1] The company was founded in 2001, and is one of the largest independent oil and gas producers in Canada, having a significant presence in the Western Canadian Sedimentary Basin.
[2] In 2001, Crescent Point Energy began trading on the TSX Venture Exchange as a junior exploration and production company.
[5] In 2010, Crescent Point acquired properties in the Lower Shaunavon resource play in southwest Saskatchewan from Penn West Energy Trust.
[10] On February 17, 2021, Crescent Point announced strategic entry into the Kaybob Duvernay play by acquiring 30,000 boe/d of production for $900 million from Shell Canada Energy.