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Crescent Point cuts Uinta capex on market access limitations
Crescent Point Resources is exercising caution as it moves into 2019 because of the Q4 decline in commodities prices. The company’s 2019 budget is down 30% YOY, or $500 million, at $1.2-1.3 billion. Production is expected to stay flat compared to 2018 at 170,000-174,000 boe/d net of dispositions.The majority of capital will be spent in Canada, with 55% going toward the Viewfield Bakken, Shaunavon and Flat Lake resource plays which are a combination of......
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