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Last C$16.88 CAD
Change Today +1.55 / 10.11%
Volume 9.5M
CPG On Other Exchanges
Symbol
Exchange
Frankfurt
As of 4:15 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

585–8th Avenue S.W.

Suite 2000

Calgary, AB T2P 1G1

Canada

Phone: 403-693-0020

Fax: 403-693-0070

Crescent Point Energy Corp. is engaged in the exploration, development and production of oil and gas properties in western Canada and the United States. Canada Viewfield Bakken Resource Play The Viewfield Bakken light oil resource play area is located in southeast Saskatchewan. As of December 31, 2014, the company had converted a total of 96 producing wells to water injection wells in 36 waterflood sections in the Viewfield Bakken oil resource play. In 2014, total proved plus probable reserves in the Viewfield Bakken resource play was 237.3 MMboe (million barrels of oil equivalent). Flat Lake Torquay and Bakken Resource Play The Flat Lake Torquay and Bakken light oil resource play area is located in southeast Saskatchewan. In 2014, the company focused on development and exploration activities in the Flat Lake Torquay and Bakken resource plays. The company drilled a total of 4 (4.0 net) vertical exploratory stratigraphic wells in order to delineate the resource extent. An additional 58 (57.0 net) horizontal production wells were drilled into the play. In 2014, total proved plus probable reserves in the Flat Lake Torquay and Bakken resource plays totaled 33.6 MMboe. Shaunavon Resource Play In 2014, the company developed the medium gravity Upper and Lower Shaunavon oil resource plays through development and infill drilling, as well as using improved technologies and waterflood activities to enhance recoveries. The company focuses on unitization activities in the area. In 2014, the company had booked total proved plus probable reserves of 164.4 MMboe in the Shaunavon area. Saskatchewan Viking Light Oil Resource Play The Viking light oil resource play is a shallow formation that exists in west-central Saskatchewan containing light oil. The company completed a strategic acquisition of Saskatchewan Viking light oil assets in June, and followed-up with the initiation of a horizontal drilling program in the area. The company drilled 61 (32.8 net) horizontal wells during 2014. In 2014, the company had booked total proved plus probable reserves of 21.1 MMboe in the Saskatchewan Viking light oil resource play. The company has 402 net locations booked to total proved plus probable reserves. The United States Utah Uinta Basin Resource Play: In 2014, the company continued its development of the Uinta Basin in northeast Utah, a multi-zone, large oil-in-place light oil resource play. The company also completed a 3-D seismic program covering a large portion of the operated lands in the Randlett area. The total proved plus probable reserves in the Uinta Basin included 88.4 MMboe. 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.

 

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