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CS - Crescent Point allocates bulk of 2019 capital budget to H2 - July 2019

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Crescent Point Energy spent $166.2 million on development capex in Q2, including $146.5 million on drilling and development to drill 52 wells, compared to $301.2 million spent in 2Q18. Q2 spending was also $60 million below plan because of weather conditions and efforts to operate in a more cost-efficient manner after spring breakup. That shortfall will now be part of the company’s Q3 capex. Overall, 55% of the $1.2-1.3 billion 2019 capital budget will be spent in H2, weighted toward the......
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