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WS - Crescent Point Highlights - January 29, 2019
Crescent Point Energy’s 2019 budget is down 30% YOY, or $500 million, at $1.2-1.3 billion. In the “emerging and early-stage” Uinta Basin in the US and eastern Duvernay shale in Canada, allocations are down to 15% of the total from 25% last year, because of limited market access in the Uinta and low riskadjusted returns at current oil prices in the Duvernay. Crescent Point has improved economics in its horizontal Uinta program last year. Costs for 2-mile laterals dropped 10% YOY. The company is focused on developing the......
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