Operational Updates
Crescent Point Announces 1Q 2012 Results
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Crescent Point Energy Corp. has reported its operating and financial results for the quarter ended March 31, 2012.
Southeast Saskatchewan and Manitoba : BakkenIn first quarter 2012, Crescent Point participated in the drilling of 94 (73.9 net) wells in southeast Saskatchewan and Manitoba, achieving a 100 percent success rate. Of the wells drilled, 80 (66.3 net) were horizontal wells in the Bakken light oil resource play.
The Company also converted 9 additional Bakken producing wells to water injection wells. By end of first quarter 2012, the Company had converted a total of 33 producing wells to water injection wells in the play and expects to have approximately 60 total water injection wells by year-end 2012.
Production performance from water injection patterns in the Viewfield Bakken…
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