Crescent Point Energy Corp. engages in the exploration, development and production of oil and gas properties in western Canada and the United States. The crude oil and natural gas properties and related assets generating income for the benefit of the company are located in the provinces of Saskatchewan, Alberta, British Columbia and Manitoba and the states of North Dakota, Montana, Colorado and Utah. Major Oil and Gas Properties Canada Viewfield Bakken Resource Play The Viewfield Bakken resource is a play covering approximately 1,000 sections of land in southeast Saskatchewan. Production is light oil. As of December 31, 2015, the company had converted a total of 129 producing wells to water injection wells, including 46 in the Viewfield Bakken Voluntary Unit #1. The total proved plus probable reserves in the Viewfield Bakken resource play were 230.9 million barrels of oil equivalent (MMboe). Flat Lake Torquay and Bakken Resource Plays The Flat Lake Torquay and Bakken light oil resource plays are located in southeast Saskatchewan. The resource area covers approximately 1,000 sections of land, where the company holds a large land base. As of December 31, 2015, total proved plus probable reserves in the Flat Lake Torquay and Bakken resource plays totaled 45.1 MMboe. Shaunavon Resource Play The Shaunavon resource play in southwest Saskatchewan includes two discrete formations; the Lower Shaunavon and Upper Shaunavon. Both zones are medium oil quality and jointly cover more than 600 sections of land. As of December 31, 2015, the company had booked total proved plus probable reserves of 159.9 MMboe in the Upper and Lower Shaunavon plays. Saskatchewan Viking Light Oil Resource Play The Viking light oil resource play is a shallow sandstone formation in west-central Saskatchewan containing light oil. The company drilled 142 (139.2 net) horizontal Viking wells during 2015. As of December 31, 2015, the company had booked total proved plus probable reserves of 25.4 MMboe in the Saskatchewan Viking light oil resource play. Swan Hills Beaverhill Lake Resource Play The Swan Hills Beaverhill Lake resource play is a light oil carbonate reservoir that is being developed mostly through horizontal drilling. The company drilled 5 (5.0 net) horizontal wells during 2015. As of December 31, 2015, the company had booked total proved plus probable reserves of 41.3 MMboe in the Beaverhill Lake light oil resource play. The United States Utah Uinta Basin Resource Play The Uinta Basin resource play sits in northeast Utah. Total proved plus probable reserves in the Uinta Basin were 89.4 MMboe as of December 31, 2015. Strategy The company strives to create sustainable, value-added growth in reserves, production and cash flow through the execution of management's integrated strategy of acquiring, exploiting and developing high quality, long life, light and medium oil and natural gas properties.
crescent point energy corp
585–8th Avenue SW
Calgary, AB T2P 1G1
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