We expect Crescent Point to grow its production 15% by year-end to more than 25,000 b/d, as it spends about US$460 mm to drill 30 wells in 2018. oil and gas producer said it would also look to sell more assets, including the remaining portion of its southeast Saskatchewan conventional assets. In 2018, Crescent Point Energy will again drive horizontal activity in the Uinta Basin. The play is currently making around 70,000 b/d, more than half of which comes from Crescent Point, Newfield, and EP. Recent well productivity from these intervals is on par with many other embryonic horizontal plays in the Rockies, despite limited drilling activity. This program includes the fracture stimulation and completion of a number of previously drilled two-mile horizontal wells as part of the Company's multi-well pad development program. Recent News. Read full article. A global team of industry-recognized experts contributes incisive and thought-provoking analysis. Sign Up. Crescent Point Updates Production Guidance and Outlook. We expect Crescent Point to grow its production 15% by year-end to more than 25,000 b/d, as it spends about US$460 mm to drill 30 wells in 2018. Figure 1: Vanden Berg, M.D., Wood., RE., Carney, S.M., Morgan, C.D., 2014, Geological characterization of the Uteland Butte member of the Eocene Green River Formation: An emerging unconventional carbonate tight oil play in the Uinta Basin, Utah, Utah Geological Survey, geology.Utah.gov. Including Tuesday's sale, the company said it had divested more than C$1.3 billion in assets since the new management took over in 2018. Crescent Point Energy is a leading North American oil producer focused on sustainability, returns and balance sheet strength Our Disciplined Approach. Are you sure you want to block %USER_NAME%? Canada's Brookfield Business Partners to buy rest of insurer Genworth... Canada's Cenovus tumbles as analysts question $2.9 billion purchase of... Investors line up for Ant Group's record $34.4 billion IPO, 3 Stocks To Watch This Coming Week: Microsoft, Apple, Amazon. IHS Markit is the leading source of information and insight in critical areas that shape today's business landscape. CALGARY, Oct. 18, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce that it has successfully closed the previously announced sale of its Uinta Basin asset and certain non-core conventional assets in southeast Saskatchewan.. Through the application of … CALGARY - Crescent Point Energy Corp. is selling its Uinta Basin asset in Utah and certain southeast Saskatchewan conventional assets for a total of approximately $912 million. The stock symbol {{StockChart.Ric}} does not exist. Learn more about our forecasting and coverage of North America’s Plays and Basins. Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. Crescent Point says the transactions are expected to help strengthen its balance sheet. This year marks a pivotal year for Crescent Point as the company moves towards manufacturing mode, with tests of 2-mile laterals and multi-well pad drilling. CALGARY - Crescent Point Energy Corp. is selling its Uinta Basin asset in Utah and certain southeast Saskatchewan conventional assets for a total of approximately $912 million. The Uinta Basin in Eastern Utah is enjoying a drilling renaissance as North American operators seek stacked-pay horizontal opportunities outside of the increasingly competitive - and expensive - Permian Basin.

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