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(Reuters) - Crescent Point Energy Corp CPG.TO 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.
Reporting by Shounak Dasgupta in Bangalore