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Crescent Point cuts Uinta capex on market access limitations

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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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